Office to let

Location

The City of Newport is located in a prime strategic location close to
the border of England and Wales. It benefits from excellent access to
the M4 motorway and wider motorway network and provides regular
train services to London Paddington. The City has an immediate
population of approximately 137,000.

The property is located at the heart of Newport City Centre in a high
profile location. Clarence Place is one of the main arterial routes into
the city centre. The building is unmissable, overlooking the river by
Newport bridge.

Description

The property is a multi-storey building providing retail space, a
restaurant, serviced apartments and offices within it. It also benefits
from an adjoining car park.

The building benefits from a ground floor reception which is manned
24 hours a day. There is a break out area and tenants gym in the
building. The building benefits from 2 passenger lifts providing access
to all floors. Male, female and disabled WC’s are available throughout
the building.

The offices have large windows providing fantastic views over the city
centre and natural lighting. In addition, the property has a suspended
ceiling with cat II lighting, comfort cooling, perimeter trunking and
carpeted floors.

Parking spaces are available at the property at an additional cost of
£100 pcm plus VAT per space.

Accommodation

Office 1 9.75 sq m (105 sq ft)
Office 2 6.48 sq m (70 sq ft)

Planning

We understand that the property benefits from planning consent for
office use. However, we recommend that interested parties make their
own enquiries to the local authority.

Local authority

Newport City Council:
Tel: Rating assessment
Office 1 Office 2
rateable value: £980 £630
rates payable: £524.30 £337.05
Some occupiers may qualify for “small business rates relief”. Interested parties
should contact the local authority.

Tenure

The office suites are available to let by way of a new lease direct
with the landlord at the following rents, which include service charge, heating, lighting and electric:
Office 1 £350 pcm plus VAT
Office 2 £240 pcm plus VAT

The tenant will be responsible for broadband and telephone lines.