The Cardiff office of DTZ, part of UGL Services, has secured the sale of an office building in Newport, south Wales, on behalf of The Secretary of State for Communities & Local Government.
The detached office, located on 27 Argyle Street, comprises 2,258 sq ft sq ft of accommodation and has been sold to Mr Paul Russell for £87,500. The offices are arranged over three, single storey linked buildings which provide open plan and cellular offices.
Mr Russell will be using the office as a base for his electrical business.
Alex Easton, Associate Director at DTZ in Cardiff, commented: “This is one of three sales recently concluded on behalf of the Home Office following their consolidation at Usk House, George Street within the city centre. 27 Argyle Street offered a fairly rare opportunity for Mr Russell to acquire a freehold interest of this nature and to secure the premises at a competitive price.”
The property is located in Crindau, a mixed use area located approximately one mile north east of Newport city centre and close to the new Sainsbury’s superstore which opened in October 2010.