The site has been reserved for a new local centre which will comprise of circa 8,000 sq ft. Terms have been agreed on circa 4,000 sq ft unit for an anchor Convenience Store. Tenant interest is sought for the remaining accommodation which totals an additional 4,000 sq ft which can be subdivided to accommodate units upwards of 1,000 sq ft. The accommodation is to be set around a landscaped car park providing circa 33 spaces.
LOCATION
The site benefits from a prominent position off Newport Road in the village of Llantarnam, amongst an area of extensive new housing and close to established Business Parks and Industrial Estates. Newport Road provides direct access to the A4042 North and the A4042 and Malpas Road to the south. Llantarnam is just 1 mile south of Cwmbran, 4 miles north of Newport, 17 miles from Cardiff and 31 miles from Bristol with excellent links to the M4.
This wider area generally is well served by Cwmbran with an array of amenities, including primary and secondary schools, retail and leisure hubs, the new Grange hospital and doctor surgeries, located a short drive from the site. The nearest train station is Cwmbran which is less than 3 miles from Llantarnam.
Access to the site is provided off a newly constructed road which serves the current Redrow development known as The Maltings.
SITUATION
The local centre occupies a prominent roadside position and will service the needs of the extensive new housing proposed within the immediate locality comprising upwards of 400 units as well as the wider area encompassing Llantarnam Village and the established Llantarnam Business Park.
As per the indicative layout options, the site is set to include the following accommodation:-
Unit 1 - 4,000 sq ft (371.6 sq m)
Unit 2 - 2,000 sq ft (185.8 sq m)
Unit 4 - 1,000 sq ft (92.9 sq m)
Unit 5 - 1,000 sq ft (92.9 sq m)
Note - As site development has not commenced as yet, unit size and configuration of space is flexible.
PLANNING & TIMESCALE
Planning permission was obtained on 24th November 2022 for the construction of a commercial / retail building, landscaping and associated works. Planning consent No. 22/P/0699/FUL.
It is anticipated that construction will commence late-2023 with the completion of the site envisaged for Summer 2024.
To be separately assessed upon occupation.
All units are available to let on new full repairing and insuring leases on terms to be agreed. In addition, all occupiers will be liable to pay a service charge for the upkeep of communal areas relative to the unit size as compared to the total development.
All figures quoted are exclusive of Value Added Tax (VAT). Any interested party should satisfy themselves as to the incidence of VAT in respect of any transaction.
Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.
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