Spooner Close
Newport NP10 8FZ
Retail Property For Sale
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
$3,181,725
Price Per SF
$345.84
Cap Rate
6%
NOI
$190,904
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
