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Unit 1 Forest Rd 8,755 sq ft Industrial Unit Offered at £795,000 in Newport PO30 5QJ
INVESTMENT HIGHLIGHTS
- Situated on the main A3054 (Forest Road), on the edge of the Island's County Town of Newport,
- The site is within approximately a 5 minute drive from the Town Centre and 15 minute drive of the Red Funnel ferry service in East Cowes
- Highly visible and prominent unit offers easy accessibility and can be reached by circumnavigating the busy town centre and industrial estate.
EXECUTIVE SUMMARY
Offered for sale is a Unit 1 measuring approximately 8755 sq ft (813 sq m) overall plus parking and outside space. The property is of metal frame construction and was originally constructed as an aeroplane hangar and has been modernised over the years by the previous owner occupiers. The property currently has planning permission for sale and display of motor vehicles however would suit a variety of different uses subject to gaining any necessary permissions. The vendor is currently submitting a change of use to B2, B8 and Class E. Due to the layout the property offer flexible accommodation and can very easily be subdivided if required.
PROPERTY FACTS Sale Pending
| Total Property Size | 8,755 sq ft | Typical Floor Size | 4,378 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1970 |
| Property Subtype | Showroom | Tenancy | Single |
| Costar Property Class | C | Total Plot Size | 2.26 ac |
| Floors | 2 |
| Total Property Size | 8,755 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Showroom |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 4,378 sq ft |
| Year Built | 1970 |
| Tenancy | Single |
| Total Plot Size | 2.26 ac |
AMENITIES
- Security System
- Storage Space
UTILITIES
- Heating
1 UNIT AVAILABLE
Unit 1
| Unit Size | 8,755 sq ft | Unit Use | Industrial |
| Price | £795,000 | Sale Type | Investment or Owner Occupier |
| Price Per sq ft | £90.81 | Tenure | Long Leasehold |
| Unit Size | 8,755 sq ft |
| Price | £795,000 |
| Price Per sq ft | £90.81 |
| Unit Use | Industrial |
| Sale Type | Investment or Owner Occupier |
| Tenure | Long Leasehold |
DESCRIPTION
Accommodation:
Ground Floor - Approximately 6211 sq ft (577 sqm)
Showroom with glazed frontage overlooking the front parking area and further showroom to the side. Offices, store, workshop to the rear with access to the yard. Staff facilities include 4 WCs and kitchen area.
First Floor - Approximately 2544 sq ft (236 sq m)
Various office space which could be subdivided/opened up if required. Further staff WC and kitchen area. Mezzanine storage space.
SALE NOTES
Opportunity to purchase a high visibility commercial unit.
TERMS
Unit 1 is guided at £795,000 for the long leasehold (999 years).
Floor Plan
Floor Plan
Interior Photo
Interior Photo
Presented by
Unit 1 Forest Rd
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