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
$3,178,959
Price Per SF
$345.54
Cap Rate
6%
NOI
$190,738
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
MAP
Listing ID: 29702998
Date on Market: 10/4/2023
Last Updated: 6/25/2025
Address: Spooner Close, Newport NP10 8FZ
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