£1 million refit for Caldicot warehouse site: Knight Frank

A major warehouse unit at Severnbridge Industrial Estate in Caldicot is undergoing a £1 million refurbishment and will be ready for letting by Quarter 4, 2020.

The 68,425 sq ft detached high-bay warehouse / industrial unit is in a prominent position at the entrance to the estate and the letting agents believe it will attract a wide range of potential occupiers from South Wales and South West England.

Property agents Knight Frank and Jenkins Best have been appointed as joint letting agents by asset manager FI Real Estate Management, which manages more than 10m sq ft of commercial property.

Neil Francis, head of the Logistics & Industrial team of Knight Frank in Cardiff, said: “With its excellent facilities and location we are confident it will appeal not only to local occupiers but also those from the South West who can take advantage of the toll-free motorway network.”

Henry Best of Jenkins Best added: “Unit 4 has high-bay entrances, internal eaves heights of up to 10 metres, and two storey offices so will appeal to a broad range of potential occupiers. At a quoting rental of £4.25 per sq ft we are offering a good quality product at significantly lower than the new build rents being quoted.”