Large freehold office with rare central parking and riverside proximity.
Freehold office building totalling 8,331 sqft across four levels
37 secure, gated on-site car parking spaces included
Prominent city-centre location with high roadside visibility
Mixed open-plan and cellular offices, meeting rooms and gym
Lift serving parts of the building; showers and kitchen areas present
Broadband very slow—upgrade likely needed for digital occupiers
Area very deprived with very high local crime—security considerations
Sale offers invited in excess of £1,000,000; leasing possible at £12.50 psf
This prominent, stone-built former industrial building offers a substantial freehold office opportunity in central Newport. With 8,331 sqft over basement, ground and two upper floors, the property suits a single occupier or multi-tenant split, and includes 37 secure on-site car spaces — a rare central-city asset.
Internally the layout mixes open-plan and cellular offices, meeting rooms, breakout areas and a gym. The building is generally in good condition with LED lighting, gas central heating, some comfort cooling, lift access and multiple kitchen and shower facilities. The D-rated EPC and existing fit-out reduce immediate capital fit-out requirements for many professional occupiers.
Material considerations are straightforward: the area records very high local crime levels and is very deprived, which may affect staff perceptions and security costs. Broadband speeds are reported as very slow, so occupiers needing high-capacity connectivity should plan for upgrades. A service charge and quoting rent of £12.50 psf applies for lettings; sale offers are invited in excess of £1m.
This freehold is best for an owner-occupier seeking central Newport frontage with substantial parking, or an investor targeting stable city-centre offices with repositioning potential. Practical advantages — riverside/city proximity, excellent mobile signal and secure parking — sit alongside local socio-economic challenges that should be factored into occupancy and valuation plans.
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