Phase II, Imperial House, Imperial Park, Newport

• Single let secure income office investment
• Strong and established out of town commercial location in Newport
• Serving as the dominant high-tech data and manufacturing businesses destination with one of the largest data centre campuses in Europe
• Located less than one mile from J28 of the M4 Motorway, situated between Cardiff and Bristol
• Modern open plan office building totalling 26,802 sq ft (2,489.97 sq m) NIA over basement and two upper floors
• Benefits from 90 car parking spaces (1:298 sq ft)
• Approximate site area of 0.33 acres (0.14 hectares), excluding the car parking
• Single let to Vantage Data Centres for a term of 10 years from 19 February 2024
• Adjacent to the Vantage Data Centre Campus
• Immediate surrounding occupiers include Microsoft and DAS Beachcroft
• Strong covenant reflecting a D&B rating of 4A1 and minimum risk of business failure 
• Unexpired term of 4.3 years to break and 9.3 years to expiry 
• Current passing rent of £360,000 per annum equating to circa £13.43 per sq ft overall
• Freehold 

We are instructed to seek offers in the region of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 11.21% and a capital value of £111.93 per sq ft, assuming standard purchaser's costs of 7.06%.