Log In/Sign Up
Your email has been sent.
Newport Retail Park 17,496 SF Retail Building Newport NP19 4QR $3,356,245 ($191.83/SF) 7.52% Cap Rate
Investment Highlights
- Prime Freehold Investment Opportunity
- 17,496 sq. ft. on a site of 2.1 acres
- Low rental of £200,000 p.a., reflecting only £11.43 psf (including expansion land)
- Located adjacent to the largest Retail Park in Newport
- Newly acquired expansion land of 0.5 acres for additional display spaces
- Five-yearly upward-only rent reviews linked to CPI, subject to a collar of 2% and cap of 4% per annum compounded
Executive Summary
Freehold Motor Dealership Investment – Peugeot and Citroen – Newport
Offers in excess of £2,500,000 (Two Million and Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. Newport Retail Park. A purchase price at this level reflects a Net Initial Yield of 7.52%, assuming purchaser’s costs of 6.38%.
The accommodation is well presented throughout, benefiting from air conditioning within the showroom and offices, and suspended heating within the workshop.
The showroom areas provide capacity for approximately 17 vehicles, with the workshop comprising 11 work bays accessed via three up-and-over doors to the rear.
The property has been refurbished within the last six years and is fitted in accordance with the current corporate standards of the Peugeot and Citroën brands.
The demised area has recently been extended by an additional 0.5 acres, which is intended to be surfaced and used for additional vehicle display and parking.
Offers in excess of £2,500,000 (Two Million and Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. Newport Retail Park. A purchase price at this level reflects a Net Initial Yield of 7.52%, assuming purchaser’s costs of 6.38%.
The accommodation is well presented throughout, benefiting from air conditioning within the showroom and offices, and suspended heating within the workshop.
The showroom areas provide capacity for approximately 17 vehicles, with the workshop comprising 11 work bays accessed via three up-and-over doors to the rear.
The property has been refurbished within the last six years and is fitted in accordance with the current corporate standards of the Peugeot and Citroën brands.
The demised area has recently been extended by an additional 0.5 acres, which is intended to be surfaced and used for additional vehicle display and parking.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
17,496 SF
Building Class
B
Year Built
2006
Price
$3,356,245
Price Per SF
$191.83
Cap Rate
7.52%
NOI
$252,390
Tenancy
Single
Building Height
2 Stories
Building FAR
0.06
Lot Size
7.17 AC
Parking
43 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
118’ on Seven Stiles Avenue
Amenities
- Energy Performance Rating - C
- Automatic Blinds
- Storage Space
1 1
Nearby Major Retailers
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Newport Retail Park
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.