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. Newport will host the Ryder Cup in 2010 and this has led to many improvements being carried out to the City in preparation.
The property is located on the junction of Nash Road and the Southern Distributor Road. Access to the M4 Motorway at Junction 28 is approximately 1.7 miles away. Newport City Centre is approximately 3 miles away.
The area provides a mix of residential and retail occupiers including Aldi, Dunelm Mill, and Car Craft. Newport Retail Park, Newport International Sports Village and Nash College are all in close proximity.
DESCRIPTION
The site occupies a prominent roadside position fronting onto the roundabout junction of Nash Road and the Southern Distributor Road. The site is currently occupied by two detached, two storey buildings formerly utilised as a bakery. However, they are no longer capable of beneficial occupation and are likely to require demolition.
The site provides a highly prominent location and would suit development that would benefit from such.
ACCOMMODATION
The site measures 0.64 acres (0.26 ha) and has redevelopment potential.
PLANNING
We are of the opinion that the site could be suitable for a variety of different uses, subject to the necessary planning consent being obtained. We recommend that interested parties make their own enquiries to the local planning authority. .. .
LOCAL AUTHORITY
Newport City Council
Tel: 01633 656656
RATING ASSESSMENT
The buildings are currently unassessed for rating purposes.
TENURE
The freehold interest in the property is available to purchase. We are quoting £400,000.
