Withey Court comprises a relatively modern single storey complex split into a number of warehousing / industrial units. The units are of steel portal frame construction with metal cladding and concrete flooring. Each unit has a roller shutter door and benefits from parking and loading areas externally. Unit 5 is detached and benefits from additional office accommodation with toilet and has a maximum working height of 8 meters. The unit is also fitted with LED lighting and has car parking spaces at the front and side of the unit
Location
Withey Court is strategically located just off Ty Coch Way, providing easy access to the Junctions 25A and 26 of the M4 Motorway, situated approximately 4 miles south. The estate lies 1 mile south of Cwmbran town centre, 5 miles north of Newport and 17 miles north-east of Cardiff. The property is situated in an established industrial location and nearby occupiers include VME Distributors, Cherry Campers, CJT Mechanical Engineering Services, National Grid, Intacare and Hygiene Supplies Ltd.
Accommodation
2,913 sq ft (270.63 sq m)
Terms
We understand that a service charge is to be paid by any future occupier for upkeep of the Estate. Latest figures to be provided upon request. We are advised that all main services are connected to the premises. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items
Planning We are verbally advised that the accommodation has planning consent for office use, but any occupier should make their own enquiries to the Planning Department at Torfaen County Borough Council Tel: 01495 762200 or (https ://www.torfaen.gov.uk/en/PlanningAndDevelopment/Planning Applications/Planning-Permission.aspx)
Business Rates Interested parties should make their own enquiries to Torfaen County Borough Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment (www Energy Performance Certificate .voa.gov.uk)
The Energy Performance Certificate (EPC) rating is B (44) and valid until July 2031. The full certificate and recommendations can be provided on request.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020 VAT Under the Finance Acts 1989 and 1997,
VAT may be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Tenure The property is available on a new standard repairing lease with terms to be negotiated.
Rent The property is offered to let for £19,000 per annum which equates to £6.52 per sq ft per annum.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
Specification
- Quoting rent of £19,000 per annum exclusive of VAT (£6.52 per sq ft)
- Rateable Value £16,250. Rates payable will be £9,230 pa.
- Car parking is provided to the front of the building.
- Buildings insurance is currently 31p per sqft + VAT per annum.