Units 3-4 Oakwood Close
Pen-y-Fan Industrial Estate
Crumlin
Newport
NP11 3HY

Freehold Industrial Investment

  • Let to Applied Nutritional Research Ltd on a new 10 year lease (subject to option)
  • Located within established industrial estate
  • 13 miles north-west of Newport
  • Nearby occupiers include Senior Flexonics, Braces Bakery Limited, BBI Group and Unitech Services Group
  • Lot
    29
  • Auction
    14/Feb/2018
  • Rent
    £73,895 per Annum Exclusive
  • Status
    Sold
  • Price*
    £700,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Property Update
  • Units 3-4  Oakwood Close<br>Pen-y-Fan Industrial Estate<br>Crumlin<br>Newport<br>NP11 3HY
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Property Information

Location
Miles
13 miles north-west of Newport, 17 miles north of Cardiff
Roads
A467, B425, A4042
Rail
Llanhileth Rail
Air
Cardiff Airport
Situation

The property is located in the established Pen-Y-Fan Industrial Estate in Crumlin, some 13 miles north-west of Newport. The estate benefits from strong road connections via the A467 to Newport and the M4 Motorway (Junction 28). Nearby occupiers include Senior Flexonics, Braces Bakery Limited, BBI Group and Unitech Services Group.

Tenure

Freehold.

Description

The property is a standalone light industrial building comprising a ground floor warehouse with ground and first floor office accommodation. The property benefits from 23 car parking spaces, a secure yard area and roller shutter doors. The site has an approximate area of 0.984 hectares (2.432 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground

First
Warehouse/
Office
Office
1,842.7 sq m

256.9 sq m
(19,836 sq ft)

(2,765 sq ft)
APPLIED
NUTRITIONAL
RESEARCH LTD
t/a ANR-Probake
(1)
10 years from
23/11/2017 until
22/11/2027 (2)
on a full
repairing and
insuring lease
(3)
£73,895.2523/11/2022
Total
2,099.6 sq m
(22,601 sq ft)
  £73,895.25 

(1) ANR-Probake is a leading manufacturer of nutritionally enriched baked goods in Europe (Source: www.anr-probake.com 15/01/2018).
(2) The lease provides an option to determine on 22/11/2022. For the purposes of clarification, Applied Nutritional Research Ltd is currently benefitting from a rent free period due to expire on 22/08/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £73,895 p.a.x. from completion of the sale.
(3) The lease is subject to a schedule of condition.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    779 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    633 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regent Street
London
W1B 2AD
Alexy Pemberton 020 7355 6008apemberton@hamlins.co.uk

Useful Links

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