Land and Buildings on the north side of Wroughton Place Cowbridge Road West (A48) Cardiff CF5 4AB

Land and Buildings on the north side of Wroughton Place
Cowbridge Road West (A48)
Cardiff
CF5 4AB

Freehold Industrial Investment

Let to Nationwide Crash Repair Centre Limited with guarantee
Totalling approximately 12,935 sq ft and 0.22 hectares (0.54 acres)
Includes a separate site currently used for car parking
Future redevelopment potential subject to lease and the usual consents
Excellent communication links via the A48 leading to the M4
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
21
Auction
16th February 2017
Rent
£59,000 per Annum Exclusive
Status
Sold
Price
£710,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Joint LPA Receivers

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Freehold Industrial Investment

Let to Nationwide Crash Repair Centre Limited with guarantee
Totalling approximately 12,935 sq ft and 0.22 hectares (0.54 acres)
Includes a separate site currently used for car parking
Future redevelopment potential subject to lease and the usual consents
Excellent communication links via the A48 leading to the M4
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 21
Auction 16th February 2017
Rent £59,000 per Annum Exclusive
Status Sold
Price £710,000
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Joint LPA Receivers

Property Information

Location

Miles: 2 miles west of Cardiff City Centre, 15 miles south-west of Newport; 45 miles west of Bristol
Roads: A48, A4232, A470, M4 (Junction 32 & 33)
Rail: Waun-gron Park Railway Station, Cardiff Central Railway Station
Air: Cardiff Airport

Situation

The property is situated in an established industrial and trade counter location, 2 miles west of Cardiff City Centre in a prominent corner position at the junction of Wroughton Place and the A48, a busy arterial route around the City Centre leading to the M4. The property is located close to the Tirion Homes 53 acre residential development known as The Mill, located on the esat side of the A48 and will provide 800 new homes www.tirionhomes.co.uk).

Tenure

Freehold.

Location

Miles: 2 miles west of Cardiff City Centre, 15 miles south-west of Newport; 45 miles west of Bristol
Roads: A48, A4232, A470, M4 (Junction 32 & 33)
Rail: Waun-gron Park Railway Station, Cardiff Central Railway Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a number of industrial warehouses used as workshops with additional ancillary accommodation totalling approximately 12,935 sq ft. The property benefits from roller shutter doors, two adjacent yards used for car parking and an approximate total site area of 0.22 hectares (0.54 acres).

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Note

Completion Period

Six Week Completion

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	Workshop/Ancillary Land (3)	1,201.67 sq m	(12,935 sq ft)	NATIONWIDE CRASH REPAIR CENTRE LIMITED GUARANTEED BY NATIONWIDE ACCIDENT REPAIR SERVICES LIMITED (1)	25 years from 26/08/1994 on a full repairing lease (2)	£59,000	25/08/2019
Total		1,201.67 sq m	(12,935 sq ft)			£59,000

(1) Established in 1993 Nationwide Repairs is the leading and largest comprehensive automotive repairer in the UK with 125 state-of-the-art equipped Repair Centres, a UK wide Mobile Repair network, a UK wide mobile glass repair and replacement network, three Fast Fit Plus centres and an accident management and claims handling service, Nationwide boasts the broadest range of repair solutions and services in the industry today. (Source: www.nationwiderepairs.co.uk)
(2) The lease is subject to a schedule of condition.
(3) Please note a small piece of land fronting Wroughton Place and Station Terrace is let on a co-terminus lease.