Industrial to let

Description

High quality warehouse / distribution unit - strategically located at Newhouse Farm Industrial Estate, immediately adjacent to Junction 2 of the M48 Motorway - close proximity to M4/M5 interchange.

Location

Severnlink Distribution Centre is situated on Newhouse Farm Industrial Estate immediately adjacent to Junction 2 of the M48 Motorway. It provides easy access to the M4/M5 Interchange at Bristol via the original Severn Bridge and to South Wales via the M4 Motorway. Chepstow is located approximately 1.5 km (1 mile) from the estate.

Accommodation

Gross Internal Area 5,731 sq ft (532 sq m)

Tenure and terms

Unit 4 is available by way of a new full repairing and insuring Lease for a term of years to be agreed.

Rent / price

£46,000 per annum Excl. VAT payable in addition

Rateable value

Rateable Value £21,750 (2023 List) Current Multiplier 56.2 pence Rates payable £12,224 per annum Excl. Contact Monmouthshire County Council for additional information.

Estate service charge / building insurance

An estate service charge is levied by the Landlord to cover the cost and upkeep of the common areas of the estate - current annual contribution by Unit 4 is £2,244 per annum (Excl.) for year ending December 2024.

The Landlord insures the buildings on the estate and each occupier contributes - annual premium to be confirmed.

Legal costs

Each party responsible for their own legal and professional costs.

Energy performance certificate

A new EPC has been commissioned.

Further information

Please contact the joint agents Jenkins Best or Russell Property Consultants