Industrial for sale

Main Description

• Freehold industrial unit comprising 31,899 sq. Ft across two industrial buildings, incorporating 9m + eaves height and gantry crane facility.
• Secure fenced site of 4.49 acres in close proximity to the M4.
• Modern Office Building comprising 3,372 sq ft (NIA) let with self-contained secure compound area.
• Fully let to three diverse regional tenants including F.R.E.D.S. Timberframe, Ronnie S Evans Transport and Care and Repair.
• Passing rent of £143,500 per annum with three forthcoming rent reviews in 2026. Care and Repair have recently chosen not to exercise their break option, committing for a further 3.5 years.
• Let at low passing rents (£3.01 psf - Industrial & £7.34 psf - Offices) with significant scope to increase upon review.
• We are instructed to seek offers in excess of £1,500,000 reflecting a Net Initial Yield of 9.00% after allowing for standard purchaser’s costs.
• A purchase at this level reflects a low capital value of £42.53 per sq. Ft.

Specification

The property benefits from the following features.

• 11 no. Roller shutter doors
• Level and dock level loading
• 9m + eaves height
• Gantry crane facility
• Gate house/security hut
• Secure fenced perimeter
• Modern office block
• Secure compound area
• Separate yards and parking

The property comprises 2 no. High bay warehouses with a modern single storey modular office building adjoining.

The warehouses are of steel frame construction with steel truss roofs, concrete floors, steel clad elevations and roofs incorporating translucent light panels.

The modular offices comprise a mix of partitioned and open plan offices, meeting space WC and kitchen facilities with pre-installed mechanical and electrical services.

The property provides an overall site area of 4.49 acres.

Unit sq ft sq M

Warehouse 1 10,518 977

Warehouse 2 21,099 1960

Reception 282 26

Offices (NIA) 3,372 313

total 35,271 3,276

Tenure and Covenants

The freehold interest in the property is for sale subject to 3 occupational tenancies, all let on Fri terms with no schedule of condition attached.

Ronnie S evans ltdcare & repairF.R.E.D.S timberframe ltdDemiseYard AreasOffices & CompoundBuildings & YardSize-3,372 sq ft31,899 sq ftAnnual Rent£22,750£24,750£96,000Rent per Sq Ft-£7.34£3.01Term

10 Years

10 years

10 years

Lease Expiry31.05.203116.02.203131.03.2033Break01.04.202616.02.2025 & 202801.04.2028Rent Review01.04.2026

01.09.2026

01.09.2030 (omrv)

01.08.2028 (omrv)RepairFRI (no schedule)Fri (no schedule)Fri (no schedule)total passing rent - £143,500

Copies are available in the Technical Pack upon request.

• F.R.E.D.s – Timberframe Manufacturer serving the UK domestic market. Accounts to ye March 2024 showing a Gross Profit of £1.2m from a Turnover of £7.43m
• Care and Repair Western Bay – Long established Registered Charity providing repairs, adaptations and home maintenance for older people in the Swansea and
  Neath Port Talbot area. Creditsafe Rating 73 (Low Risk)
• Ronnie S Evans Transport – Family Run Haulage Business operating across the UK & Europe. Creditsafe Rating 70 (Low Risk)

Proposal

We are instructed to seek an asking price in excess of £1,500,000 which represents a net initial yield of 9.00% after purchasers’ costs.

A purchase at this level represents a low capital value of £42.53 per sq ft.

Technical Pack

A technical pack containing further information on the property is available on formal expression of interest.

Planning

We understand that the property currently benefits from planning consent for its current use as .

We would encourage interested parties to make their own enquiries with the local planning authority in this regard.

EPC

The property has been graded as 92 (D). The EPC document is available within the technical pack.

VAT & Legal Costs

All prices, premiums and rents are quoted exclusive of VAT. Each party is responsible for their own legal costs incurred in any transaction.

Viewing & Further information

For further information, or if you would like to arrange a viewing, please contact us.

Anti Money Laundering

In accordance with Anti Money Laundering requirements, we may be required to establish the identity and source of funds of all parties to any sale or leasehold transactions.