Newhouse Farm Distribution Centre, Chepstow, NP16 6UP, Gwent, , Wales
Chepstow is located in the County of Gwent, Wales and lies close to the border between England and Wales. Chepstow is located circa 203 km (126 miles) west of London and 29 km (18 miles) north west of Bristol via the M48 and M4, and approximately 49.1 km (30.5 miles) north east of Cardiff, also via the M48 and M4.
The location is popular with high profile occupiers who run regional distribution centres from the area. The property is situated on Newhouse Farm Distribution Centre which is prominently located to the west of the River Severn, immediately south of Junction 2 of the M48 motorway. Newhouse Farm Distribution Centre comprises approximately 15 industrial units including distribution warehouses occupied by ASDA, Osborn International, 3663, Mabbey Group, Zenith Group and Bond International.
Former Tesco Distribution Centre
- Approx. 20.21 acres
- Adjacent to Junction 2, M48 Motorway
- 10.5m eaves
The property was built specifically for Tesco in 1988 and comprises a temperature controlled distribution warehouse and ancillary offices, gatehouse, lorry and trailer parking and separate car parking. The property extends to approximately 8.2 hectares (20.24 acres), which provides a site coverage of approximately 32%.
The warehouse is of steel portal frame construction with full height plastic coated profiled metal clad elevations, incorporating integral insulation and internal composite panels. The roof has been overclad to utilise plastic coated profile metal cladding and incorporates GRP skylights and ventilation louvers. There is a clear eaves height of approximately 10.5m (34 feet). The floors are of a suspended reinforced concrete design. The warehouse benefits from 57 loading bays located along the north and south elevations.
The property benefits from ancillary office accommodation which is arranged over three storeys totalling approximately 116,659 ft2 (1,548 m2). This office accommodation is of steel portal frame construction, separate from the portal frame construction of the main warehouse and utilises a shallow mono-pitched roof with profiled metal cladding incorporating double glazing at ground and two upper floors.
The property includes extensive lorry and trailer parking to the north and south elevations, and car parking is provided at the west and south elevations.
|Main Offices (Three Storey)
Each party will bear their own legal costs incurred in the completion of the new lease.
The property benefits from a B8 planning consent which dates from December 1987. The Newhouse Farm industrial area is zoned for general industrial use in the Gwent Structure Plan. Areas such as Newhouse Farm are protected through local planning policy in order to ensure the continued provision of employment generating uses in the locality.
The entire property is let to Tesco Distribution Limited for a term of 15 years from 23rd March 2006. We are instructed by Tesco to seek an underletting of the whole until lease expiry in March 2021.
Average Weighted lease length