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Spooner Close
Newport NP10 8FZ

Retail Property For Sale

Retail Space Gwent Newport Spooner Close, Newport, BGW NP10 8FZ

Investment Highlights

  • Prominent commercial location on Celtic Springs
  • Location off Junction 28 of the M4 Motorway
  • Newport’s premier business park

Executive Summary

Seeking offers in excess of £2,550,000 (Two Million, Five Hundred and Fifty Thousand Pounds) reflecting an attractive Net Initial Yield 5.50%, after deducting purchaser’s costs of 6.96%.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Day Care Center
Building Size
9,200 SF
Building Class
B
Year Built
2007
Price
$2,973,883
Price Per SF
$323
Cap Rate
6%
NOI
$178,433
Tenancy
Single
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.70 AC
Parking
50 Spaces (5.43 Spaces per 1,000 SF Leased)

Amenities

  • Security System
 

  • Listing ID: 29702998

  • Date on Market: 10/4/2023

  • Last Updated:

  • Address: Spooner Close, Newport NP10 8FZ

The Retail Property at Spooner Close, Newport, NP10 8FZ is currently available for sale. Contact Knight Frank LLP for more information.

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