The Innovation Centre Monks Brk 19,200 SF 100% Leased Office Building Newport PO30 5WB $2,684,996 ($139.84/SF)

An important and prominent freehold commercial investment, long established in the provision of high-specification serviced office space – available now to purchase.
Price Guide - £2,000,000 + VAT.
Location:
Very well-placed as one of the original buildings within St. Cross Business Park, which in turn is at the heart of one of the Island’s main commercial areas on the northern outskirts of Newport. Newport itself is the commercial hub for the Island, and St. Cross Business Park is home to a wide variety of occupiers including Johnson Electrical, NHS Solent, Glanvilles Damant Legal Services, Southern Housing Group, Gurit, Vestas, the CCG, RFEL, French Franks Café, and many others. The location provides for excellent communications to the rest of the Island, and to the mainland beyond via the various vehicle and passenger ferry connections at Yarmouth, Cowes, East Cowes, Fishbourne and Ryde.
The premises:
Is of modern steel-framed construction with brick and glazed elevations under a profile-clad roof, and measures some 18.5m (61’) deep x 48m (157’6’’) wide, to provide over two floors a gross internal area of some 19,200ft² (1,776m²). The accommodation is subdivided into individual offices and a small meeting room, which – having undergone a recent refurbishment programme – all offers modern, attractive and comfortable arrangements for tenants. N/B: The measurements quoted are taken from an original construction plan; therefore, interested applicants are advised to check these, if required, to their own satisfaction.
External:
The premises occupies an elevated location within an extensive site, providing currently for some 70 vehicle parking spaces, with potential for possible extension of the main building, if required, and possibly the installation of electric vehicle charging points. Interested purchasers are asked to note that the incomeproducing solar panel installations on the main roof are included in the sale.
Operation:
The Innovation Centre benefits from an excellent on-site management team, with a shared manned reception area. The accommodation is modern, well-kept, and lift-served, and each floor has its own welfare facilities and shared kitchen areas, with the offices and meeting rooms arranged either side of a wide central corridor. The Innovation Centre offers specifically-designed modern, efficient and flexible workspace, to include furnished serviced offices and meeting rooms, in addition to workspace units and virtual tenancies. A schedule of current occupier and tenancies can be provided to interested parties and/or their professional advisors, upon request. The accommodation for tenants is effectively offered on an allinclusive basis, with on-site IT and telecoms technology, and other services, and for many years has proved very popular with occupiers.