Freehold and Virtual Freehold Trade Counter Investment
Located within well established industrial estate
Nearby occupiers include Holt JCB, Aggreko, Pinetree Car Superstore, 4 Colour Digital and Baglan Car Centre
Fully let to strong covenant Grafton Merchanting GB Ltd t/a Plumbase until 2029 (Subject to option)
Benefits from 3 vehicle access loading doors and a secure yard with parking
Lot 64
Auction 19th October 2017
Rent £45,000 per Annum Exclusive
Status Sold
Price £557,000
Sector Trade Counter
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles east of Swansea, 30 miles north-west of Cardiff, 55 miles west of Bristol, 35 miles west of Newport
Roads
M4, A48, A483
Rail
Baglan Railway Station, Port Talbot Parkway
Air
Cardiff Airport
Situation
Port Talbot is a town in South Wales and home to one of the largest steel manufacturing facilities in the world. The well established Seaway Parade Industrial Estate is prominently situated on the east side of the M4 at junction 41. Neighbouring occupiers include Holt JCB, Aggreko, Pinetree Car Superstore, 4 Colour Digital and Baglan Car Centre.
Tenure
Freehold. Freehold and Virtual Freehold - Part of the property is held for a term of 999 years less 3
days from completion of the sale at a peppercorn rent.
Location
Miles
5 miles east of Swansea, 30 miles north-west of Cardiff, 55 miles west of Bristol, 35 miles west of Newport
Roads
M4, A48, A483
Rail
Baglan Railway Station, Port Talbot Parkway
Air
Cardiff Airport
Situation
Port Talbot is a town in South Wales and home to one of the largest steel manufacturing facilities in the world. The well established Seaway Parade Industrial Estate is prominently situated on the east side of the M4 at junction 41. Neighbouring occupiers include Holt JCB, Aggreko, Pinetree Car Superstore, 4 Colour Digital and Baglan Car Centre.
Tenure
Freehold. Freehold and Virtual Freehold - Part of the property is held for a term of 999 years less 3
days from completion of the sale at a peppercorn rent.
Description
The property comprises a detached double bay trade counter unit benefiting from an eaves height of approximately 6 metres and 3 vehicle access loading doors. The property also benefits from first floor office accommodation and a large secure yard with car parking.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached double bay trade counter unit benefiting from an eaves height of approximately 6 metres and 3 vehicle access loading doors. The property also benefits from first floor office accommodation and a large secure yard with car parking.
VAT
VAT is applicable to this lot.
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 First
Industrial/Offices Offices
914.76 sq m 179.58 sq m
(9,846 sq ft) (1,932 sq ft)
GRAFTON MERCHANTING GB LTD (1) t/a Plumbase
15 years from 20/11/2014 (2)
£45,000
(19/11/2029)
Totals
1,094.26 sq m
(11,778 sq ft)
£45,000
(1) For the year ending 31st December 2015, Grafton Merchanting GB Ltd reported a turnover of £1,102,720,000, a pre-tax profit of £29,638,000 and a net worth of £103,487,000 (Source: Experian Group 19/09/2017). (2) The lease provides for a tenant option to determine the lease on 19th November 2024.
