Goldtops comprises a three storey, purpose built office building with onsite car parking at the rear. The property is let to Costain Ltd on a full repairing and insuring lease for a term of 5 years from 19th August 2014. The passing rent is £80,380 per annum.
OFFICE INVESTMENT FOR SALE
Norwich House, 1-2 Goldtops, Newport,
South Wales, NP20 4PG
OFFERS IN EXCESS OF £1,000,000 FOR THE
The property is located in the centre of Newport
City, within walking distance to Newport train
station. Notable occupiers in close proximity
include the NHS and Watkins & Gunn solicitors.
Costain Ltd reported a revenue of
£1,122,500,000 and a pre-tax profit of
£28,500,000. (Source: Costain Ltd annual
report and accounts 2014)
1-2 Goldtops comprises a three storey, purpose
built office building with onsite car parking at the
The property affords the following approximate
areas (measurements taken from the VOA):GF Office:
2,500 sq ft (232.30 sq m)
2,776 sq ft (257.90 sq m)
2,732 sq ft (253.79 sq m)
8,008 sq ft (743.99 sq m)
We understand that the property has been
elected for VAT.
The property is let to Costain Ltd on a full
repairing and insuring lease for a term of 5
years from 19th August 2014. The passing rent
is £80,380 per annum.
The property has an EPC in Band .
Offers of £1,000,000 for the freehold interest.
This provides a net initial yield of 7.59%.
(Assuming 5.8% purchasers costs)
Each party to be responsible for their own legal
and professional costs incurred.
Strictly by appointment with sole agents
David Williams/Rhys Williams
Tel: 029 2081 1581
SUBJECT TO CONTRACT & AVAILABILITY
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