Investment opportunity to purchase a new build commercial unit extending to approximately 3550ft2 set in a prime position on the outskirts of Monmouth. The site extends to approximately 0.44 acres including private parking and is available subject to a current 5 year lease agreement.

Rooms

DESCRIPTION
An attractive, well-positioned new build commercial unit providing approximately 3550ft2 of high quality commercial workspace with ancillary parking within a site extending to approximately 0.44 acres. Construction of the unit was completed in 2022 and provides flexible accommodation with B1, B2 & B8 uses approved. The unit provides a steel portal framed, timber clad construction with two large electric roller shutter doors providing access to the workshop/warehouse space. Office space is set over two floors with ancillary toilet and kitchen facilities and potential for further mezzanine floor space for additional office space.

SITUATION
The unit is located in a prime position just outside the popular Monmouthshire village of Mitchel Troy providing excellent rural views. The village of Mitchel Troy offers church and village hall, with a wider range of facilities located in Monmouth within 3 miles. The site benefits from excellent transport links with direct access onto the A449 which gives access to J24 of the M4 (18 miles) to the South. The larger centres of Newport (22 miles), Cardiff (33 miles) and Bristol (30 miles) are all in easy reach.

TENURE
Freehold subject to current lease agreement.

LEASE DETAILS
The premises is currently subject to a 5 year lease agreement commenced May 2022 with current rent passing at £26,000 per annum increasing to £28,000 per annum in 2024 and opportunity for further rent increase during the term. Further information available from the agent.

RIGHTS OF WAY & EASEMENTS
The property is sold with any rights, easements or incidents of tenure which affect it.

PLANNING
Planning permission was granted on 3rd December 2019 under planning reference DM/2019/01082 to demolish all existing site buildings and propose new warehouse/commercial replacement development. Interested parties are advised to make their own investigations with the local authority.

SERVICES
It is understood the unit benefits from mains water and single phase electricity with private drainage via a package treatment plant.

BUSINESS RATES & COUNCIL TAX
Current rateable value - £6,800

A NAME YOU CAN TRUST With a history that reaches all the way back to 1849, we are justifiably proud of our heritage but recognise that we must invest in our future. In 2017 David James and Partners merged with Newland Rennie to become DJ & P Newland Rennie. After five years of successful trading we rebranded in 2022. Our new name, David James, reflects the reach and focus of our business and ensures consistency across all offices. The investment in the next stage of David James doesn’t stop with name and brand. We have also looked at our business, people, processes and systems to ensure that our residential, agricultural and commercial clients are receiving exactly the expertise and support they need in these challenging times.

Industrial unit for sale

Features and description

Rooms

Property information from this agent

About this agent

See more properties like this