- INDUSTRIAL, INVESTMENT
- 6,000 sqft (557 sqm)
- Under Offer
- Offers in excess of £600,000
The units located in Hill Street Industrial Estate, Cwmbran approximately 3 miles north of Junctions 25A and 26 of the M4 Motorway. Hill Street is a popular industrial location situated 4 miles south of Cwmbran Town Centre. Cwmbran has a population of approximately 48,000 and benefits from an excellent range of amenities including Cwmbran Shopping centre.
The property compromises a terrace of 4 adjoining units of steel portal frame construction that are brick faced with profile clad elevations arranged under a pitched roof.
The units have suspended lighting, solid concrete floors and single loading
doors. Units 5&6 benefit from a mezzanine with additional storage and office provision. Externally each unit benefits from tarmacked loading and parking area.
The specification includes;
- Total Passing rent of £49,800 refleacting a passing rent of £8.30 per sq.ft
- Terrace of 4 industrial units with a total GIA of 6,000 sq.ft
- Situated on a site of 0.75 acres
- Multi-let to two tenants on 3 separate leases
- We are instructed to seek offers in excess of £600,000 ( Six Hundred Thousand Pounds) reflecting an attractive Net Initial Yield of 7.97% and a Capital Value of £100 per sq.ft subject to contract and exclusive of VAT)
Unit 5&6 let to PSM Sportswear - Area: 3,000 sq.ft - Lease Start: 01/10/2022 - Lease Expiry: 31/09/2027 - Rent per annum: £22,800 per annum Units 7 let to Technolog Limited - Area: 1,500 sq.ft - Lease Start: 07/03/2023 - Lease Expiry: 06/03/2029 - Rent per annum: £13,500 per annum Unit 8 let to Technolog Limited - Area: 1,500 sq.ft - Lease Start: 07/03/2023 - Lease Expiry: 06/03/2029 - Rent per annum: £13,500 per annum
PSM SPORTSWEAR since 1992 have been manufacturing and supplying in-house customised Sport, Leisure, Work, Corporate, Academic & Promotional wear garments providing top quality customised products at competitive prices with a fast & highly efficient level of service to the Global Market. Their customer base includes Schools, Colleges & Universities , Corporations, Armed Forces, Sporting and Social Clubs. TECHNOLOG LIMITED have provided tailored operational support to the UK water and Gas industry since 1997. They also installed and have on-going maintenance for 25,000 UK water sites and over 75,000 Gas AMR sites.
We are instructed to seek offers in excess of £600,000 ( Six Hundred Thousand Pounds) reflecting an attractive Net Initial Yield of 7.97% and a Capital Value of £100 per sq.ft subject to contract and exclusive of VAT)
Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.