The food park is located to the west of Newport city centre with easy access to Junction 28 of the M4. Newport is Wales’ fastest growing city according to Welsh Government statistics with a current population of approximately 154,000. J28 and Mendelgief Retail Park are in the immediate vicinity where occupiers include Sports Direct, Halfords, Smyths Toys, TK Max, The Range, and B&M Bargains. There are also numerous other commercial and residential occupiers close by including the Royal Gwent Hospital. The park comprises two drive thru units of 1800 sqft each and one stand alone unit benefitting from 64 car spaces. The development was completed in 2022 and provided Wales first Greggs Drive Thru and the new concept Starbucks Drive Thru. While Dominos occupy the standalone unit which serves the west of Newport with pickup and deliveries. The freehold interest is available at a quoting price of £3,400,000, equating to a Net Initial Yield of 4.93% assuming purchaser’s costs of 6.84%.
Location: NEWPORT Postcode:NP20 2SA