Castleton Court and Transtech House, Fortran Road
St Mellons
Cardiff
CF3 0LT

Freehold Office Investment

  • 3,980 sq m (42,841 sq ft) modern office accommodation
  • Arranged over 3 x two storey detached buildings with generous on-site parking
  • Located within established St Mellons Business Park close to A48 and M4
  • Lot
    31
  • Auction
    18/Oct/2018
  • Rent
    £207,450 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,900,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Property Update
  • Castleton Court and Transtech House, Fortran Road<br>St Mellons<br>Cardiff<br>CF3 0LT
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Property Information

Location
Miles
6 miles north-east of Cardiff
6.6 miles south-west of Newport
Roads
A48, M4
Rail
Cardiff Queen Street
Air
Cardiff International Airport
Situation

Castleton Court and Transtech House are located on the established St Mellons Business Park which houses occupiers including Lloyds Bank, Dwr Cymru and Capita. The business park is situated to the north-east of Cardiff, just off the A48 providing direct access to Cardiff city centre and Newport city centre.

Tenure

Freehold.

Description

The property comprises three detached office buildings. Castleton Court comprises two L-shaped office buildings within a courtyard complex which have been separated into nine units. Units 5 and 9 have been further divided so that the complex provides a total of eleven units. Each unit is capable of being subdivided by floor. Adjacent to this is Transtech House, a two storey detached office building.
The properties provide predominantly open plan accommodation capable of division, with male and female WC facilities and generous on-site car parking.
The accommodation benefits from perimeter trunking, suspended ceilings and recessed lighting.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

UnitFloorFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Transtech HouseGround/First
1,569.23 sq m
(16,891 sq ft)
GYRUS MEDICAL
LTD (1)
Approx 7 years 4
months from
09/08/2012 on a full
repairing and
insuring lease
£85,000(25/12/2019)
Unit 3 - Castleton CourtGround/First
415.56 sq m
(4,473 sq ft)
MARR
CORPORATION
LTD (2)
5 years from
09/08/2017
£37,500(09/08/2022 )
Unit 5a - Castleton CourtGround
117.99 sq m
(1,270 sq ft)
RPS
ENVIRONMENTAL
MANAGEMENT LTD
(3) guaranteed by
RPS Group Surety
5 years from
27/06/2014
£9,443(27/06/2019)
Unit 5b - Castleton CourtFirst
116.87 sq m
(1,258 sq ft)
GRAYDON
UK LTD (4)
10 years from
26/11/2009
£18,285(26/11/2019)
Unit 7 - Castleton CourtGround/First
296.83 sq m
(3,195 sq ft)
CARDIFF
HOMECARE LTD
(5) (6)
5 years from
06/09/2017
£24,538(06/09/2022 )
Units 8a & 8b - Castleton CourtGround/First
146.88 sq m
(1,581 sq ft)
1ST GREEN DEAL
LTD (7) (8)
5 years from
14/10/2016
£12,05014/10/2019
(13/10/2021)
Unit 9a - Castleton CourtGround
118.45 sq m
(1,275 sq ft)
LOOKERS MOTOR
GROUP LTD (9)
(10)
5 years from
20/02/2018
£10,634(20/02/2023 )
Unit 9b - Castleton CourtFirst
117.71 sq m
(1,267 sq ft)
SWEETT (UK) LTD
(11)
5 years from
25/09/2015
£10,000(25/09/2020 )
Unit 1 - Castleton CourtGround/First
455.88 sq m
(4,907 sq ft)
VACANT
POSSESSION
   
Unit 2 - Castleton CourtGround/First
168.43 sq m
(1,813 sq ft)
VACANT
POSSESSION
   
Unit 4 - Castleton CourtGround/First
312.15 sq m
(3,360 sq ft)
VACANT
POSSESSION
   
Unit 6 - Castleton CourtGround/First
144.09 sq m
(1,551 sq ft)
VACANT
POSSESSION
   
Total
3,980.07 sq m
(42,841 sq ft)
  £207,450

(1) For the year ending 31st March 2017, Gyrus Medical Ltd reported a turnover of £37,894,000, pre-tax profits of £2,689,000 and a total net worth of £13,389,000 (Source: Experian Group 19/09/2018).
(2) For the year ending 31st July 2017, Marr Corporation Ltd reported a turnover of £17,037,698, pre-tax profits of £1,925,606 and a total net worth of £5,883,239 (Source: Experian Group 19/09/2018).
(3) For the year ending 31st December 2017, RPS Environmental Management Ltd reported a turnover of £62,092,000, pre-tax profits of £8,831,000 and a total net worth of £12,387,000 (Source: Experian Group 19/09/2018).
(4) Graydon provides business intelligence solutions for credit management, marketing information and risk & compliance with offices in London, Amsterdam and Antwerp (Source: www.graydon.co.uk 19/09/2018).
(5) Formed in 2015, Cardiff Homecare Ltd provides dependable, high quality healthcare services (Source: www.cardiffhomecareservices.com 19/09/2018).
(6) The lease of Unit 7 provides a tenant option to determine on 06/09/2020, subject to 6 months’ notice and a 3 month rental penalty payable by the tenant.
(7) Founded in December 2012, 1st Green Deal endeavours to deliver useful and innovative information to both householders and businesses interested in improving their energy efficiency (Source: www.1stgreendeal.com 19/09/2018).
(8) The lease of Units 8a & 8b provides a tenant option to determine on 14/10/2019, subject to 6 months’ notice and a 3 month rental penalty payable by the tenant.
(9) Lookers Motor Group offer new and used cars from leading manufacturers with over 150 dealerships (Source: www.lookers.co.uk 19/09/2018).
(10) The lease of Unit 9a provides a tenant option to determine on 20/02/2021, subject to 6 months’ notice.
(11) Sweett (UK) Ltd, is part of Currie & Brown, an asset management and construction consultancy with a global office network (Source: www.curriebrown.com 19/09/2018).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.10.18
    File Size
    178 MB
    Login to View
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    1 MB
    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 6008alexy.pemberton@hamlins.com

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