Comprises 8 industrial units with further 2 separately let yard areas
Site Area - approximately 1.60 ha (3.95 acres)
Total area approximately 5,531.40 sq m (59,540 sq ft) including yards
Asset Management potential including letting of Units B3, C and D
Established Industrial Location close to J25A and 26 of M4 motorway
Lot 30
Auction 23rd September 2020
Rent £129,650 per Annum Exclusive
Status Sold
Price £1,215,000
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles north of Newport
19 miles north-east of Cardiff
Roads
A4042, M4
Rail
Cwmbran
Air
Cardiff Airport
Situation
Cwmbran is a well-established business location approximately 7 miles north of Newport and 19 miles north-east of Cardiff. Avondale Business Park is a well established business park situated to the north of Cwmbran town centre in a popular industrial area. The area benefits from good access to Junction 25A and Junction 26 of the M4 motorway, being less than six miles to the south. Nearby occupiers include Ford, Travis Perkins and ATS Euromaster.
Tenure
Freehold.
Location
Miles
7 miles north of Newport
19 miles north-east of Cardiff
Roads
A4042, M4
Rail
Cwmbran
Air
Cardiff Airport
Situation
Cwmbran is a well-established business location approximately 7 miles north of Newport and 19 miles north-east of Cardiff. Avondale Business Park is a well established business park situated to the north of Cwmbran town centre in a popular industrial area. The area benefits from good access to Junction 25A and Junction 26 of the M4 motorway, being less than six miles to the south. Nearby occupiers include Ford, Travis Perkins and ATS Euromaster.
Tenure
Freehold.
Description
The property comprises eight industrial units of varying sizes, as well as four open yards, two of which are separately let.
VAT
VAT is applicable to this lot.
Completion Period
Four week completion
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property comprises eight industrial units of varying sizes, as well as four open yards, two of which are separately let.
VAT
VAT is applicable to this lot.
Completion Period
Four week completion
EPC
Available from the legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit
Use
Gross Internal Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Unit B1a
Industrial
1,164.53 sq m
(12,535 sq ft)
SOLAR MEDICAL &CHEMICAL LIMITED (1)
4 years from 05/04/2017
£35,000
Unit B1b &Unit B4
Industrial
1,444.63 sq m
(15,550 sq ft)
CONSTRUCTION FORMS INC and CONFORM S EUROPE t/a ConForms (2) (4)
6 years from 17/02/2015
£42,650
Unit B2 & YardC4
Industrial/ Yard
508.64 sq m
(5,475 sq ft)
CONSTRUCTION FORMS INC and CONFORM S EUROPE t/a ConForms (2) (4)
(1) Solar Medical & Chemical are suppliers of medical disposables, janitorial supplies and equipment to businesses and the general public. They supply over 4000 different products to nursing homes, domicillary care, local government, hotels, veterinary practices, industry and many more. Solar also produce and manufacture a range of household cleaning products for the public and businesses throughout the UK (www.solarmedchem.co.uk). (2) Con Forms are suppliers of concrete pumping systems throughout the US, UK and around the world. For over 50 years, Construction Forms, Inc. has been a leader in the development and manufacturing of concrete pumping systems and accessories (www.conforms.com). (3) The Summerhill Group of veterinary practices was founded in the 1960's and now operates from 10 practices and provides dedicated pet care across the entire South Wales region (www.summerhillvets.com). The tenant has an option to take a lease on the land to the front of Unit E. (4) The tenant benefits from a service charge cap. Please see legal pack for further information. (5) There is a fixed rental uplift to 6,000 on 08/10/2020.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
