House For Sale Spooner Close, Newport, NP10

Offers in excess of £2340000.00

The property is of steel frame construction, originally designed as Grade-A office space but was subsequently utilised as a private children's day care centre. The property comprises 9,200 sq ft over two storeys, with a floor to ceiling height of 2.75m.


•\tFreehold, modern, long let index linked Nursery Investment.
•\tProminent commercial location on Celtic Springs, Newport's premier business park, with surrounding occupiers including Airbus, Microsoft, NHS, Welsh Water and Wales & West Utilities.
•\tPorsche are currently relocating to a new, state of the art location on Celtic Springs Business Park. Their new facility will be home to over 100 employees.
•\tWell located in a prominent location off Junction 28 of the M4 Motorway. 3.4 miles from Newport City Centre on the arterial route between the city and Cardiff (immediately to the west). This is a popular commuter route and ideal location for the facility.
•\t9,200 sq ft of modern flexible accommodation originally designed as a Grade A office.
•\tNewport forms part of the Cardiff Capital Region with a population of 1.5m.
•\tLet to The Dean Close Foundation on a new 20-year lease from 1st February 2023 with no Tenant break option.
•\t5 yearly RPI rent reviews, capped at 5% and collar at 2% - compounded annually.

The City of Newport is Wales' third largest city and is strategically located on the M4, close to the England and Wales border. It benefits from excellent access to the M4 and M50 motorways which service wider motorway networks to West Wales, The Midlands and South West England.

Additionally, the city benefits from regular train services to London Paddington with a short journey time of 1hr 45 mins. The City has an immediate population of approximately 145,000 but with a much larger catchment within a 30 minute drive time.

Newport is undergoing one of the largest regeneration programmes in the UK. Projects to date have delivered huge transformation, creating significant business opportunities, and positioning the city as one of the leading centres of the Cardiff Capital Region.