Units 22 – 25 Queensway Meadows, Newport.

D J Foley have advised private Trust clients on the acquisition of 40,000 sq ft of warehouses in east Newport.

The properties are fully let with the acquisition price of £1.6 million equating to a low level of approximately £40 per sq ft.

David Foley commented, “with the removal of Severn Bridge tolls in 2018 and the shortage of warehouse accommodation on the English side of the channel, we believe that rentals and prices on the Welsh side of the channel offer good value with excellent growth potential.”

D J Foley have been retained to manage to property.