Building 4 Newbridge Industrial Estate Pontllanfraith Blackwood NP12 2XF

Building 4
Newbridge Industrial Estate
Pontllanfraith
Blackwood
NP12 2XF

Freehold Industrial Investment

Let to Polymer Extrusions Limited
July 2016 break option was not exercised by the tenant
Approximately 27,000 sq ft with large service yard
Located on the established Newbridge Road Industrial Estate
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
108
Auction
13th October 2016
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£617,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of a Major Fund Manager

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Freehold Industrial Investment

Let to Polymer Extrusions Limited
July 2016 break option was not exercised by the tenant
Approximately 27,000 sq ft with large service yard
Located on the established Newbridge Road Industrial Estate
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 108
Auction 13th October 2016
Rent £65,000 per Annum Exclusive
Status Sold
Price £617,000
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 13 miles north-west of Newport, 15 miles north of Cardiff
Roads: A467, A472, A4048, M4
Air: Cardiff Airport

Situation

Newbridge Road Industrial Estate is situated about 7 miles north of Caerphilly. Junction 28 of the M4 and Newport is about 10 miles to the south and accessed via the A467. The property is situated on the southern side of A4048, north of its junctions with Newbridge Road (B4251) and A472, on the established Newbridge Road Industrial Estate. Other occupiers on the estate include Pack-IT Group, Plumb Center Blackwood and Frontier Medical Supplies. Other occupiers in the area include Sainsbury's Supermarket and G.T.S. Coaches.

Tenure

Freehold.

Location

Miles: 13 miles north-west of Newport, 15 miles north of Cardiff
Roads: A467, A472, A4048, M4
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a large industrial warehouse unit comprising two bays with service yard to the rear. The property has an approximate site area of 0.706 hectares (1.74 acres).

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a large industrial warehouse unit comprising two bays with service yard to the rear. The property has an approximate site area of 0.706 hectares (1.74 acres).

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Industrial	2,508.38 sq m	(27,000 sq ft)	POLYMER EXTRUSIONS LIMITED (2)	9 years from 05 /07/2010	£65,000 (1)	04/07/2019
TOTALS		2508.38 sq m	(27,000 sq ft)			£65,000

(1) The current contractual rent is £55,000 per annum from 05/07/2016 rising to £60,000 per annum on 05/07/2017 and to £65,000 per annum on 05/07/2018. The vendor has agreed to adjust the completion monies so that the property effectively produces £65,000 per annum from completion of the sale.
(2) Polymer Extrusions Limited manufacture extrusion tubes and profiles and are a compounder of industrial waste polymers. They recycle manufacturers’ waste streams back to compounded materials for re-use in the plastics industry (Source: www.polymerextrusions.co.uk 14/09/2016).