Modern Out of Town office building comprising 613.25 sq m (6,601 sq ft)
Well located off A470, 5 miles from Junction 32 of M4
Let to six tenants including Jones Hargreaves, ASD Build, Advanced Carpentry Solutions, Phoenix Design Partnership and Socotec
New lettings on Suite 6a, 6b and Suite 9 (completed in 2021)
No rent arrears throughout pandemic restrictions
Generous car parking ratio of 1:212 sq ft on site area of approximately 0.28 ha (0.68 acres)
High Yielding on Guide Price
Lot 13
Auction 4th November 2021
Rent £74,910 per Annum Exclusive
Status Sold
Price £700,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles north-west of Cardiff
5 miles from J32 of M4
32 miles west of Bristol
Roads
A470, M4
Rail
Treforest Estate
Air
Cardiff Airport
Situation
Treforest is located in the south-east of Pontypridd, approximately 9 miles north-west of Cardiff, just off one of the city's main arterial routes (A470). Melin Corrwg Business Park is an established park with excellent connectivity to the M4 motorway via the A470. The property is situated on the south side of Cardiff Road, in a mixed use location, with Treforest Industrial Estate, Parc Nantgarw and Midway Retail Park all close by and Treforest Estate railway station is one mile to the south.
Tenure
Freehold.
Location
Miles
9 miles north-west of Cardiff
5 miles from J32 of M4
32 miles west of Bristol
Roads
A470, M4
Rail
Treforest Estate
Air
Cardiff Airport
Situation
Treforest is located in the south-east of Pontypridd, approximately 9 miles north-west of Cardiff, just off one of the city's main arterial routes (A470). Melin Corrwg Business Park is an established park with excellent connectivity to the M4 motorway via the A470. The property is situated on the south side of Cardiff Road, in a mixed use location, with Treforest Industrial Estate, Parc Nantgarw and Midway Retail Park all close by and Treforest Estate railway station is one mile to the south.
Tenure
Freehold.
Description
The property is a semi-detached office building currently arranged as six modern self-contained office suites. The lower ground floor and the common parts have all been recently refurbished. The property also benefits from parking for approximately 31 cars on a site area of approximately 0.28 ha (0.68 acres).
VAT
VAT is applicable to this lot.
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property is a semi-detached office building currently arranged as six modern self-contained office suites. The lower ground floor and the common parts have all been recently refurbished. The property also benefits from parking for approximately 31 cars on a site area of approximately 0.28 ha (0.68 acres).
VAT
VAT is applicable to this lot.
EPC
Available from the legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Suite 6a
Lower Ground
Office/Ancillary
79.80 sq m
(859 sq ft)
JBR COMMERCIAL PROPERTY GROUP LIMITED
5 years from 16/08/2021 until 15/08/2026 (1)
£9,880
Suite 6b
Lower Ground
Office/Ancillary
139.17 sq m
(1,498 sq ft)
JONES HARGREAVES (UK) LIMITED (2)
5 years from 01/09/2021 until 31/08/2026 (3)
£16,480
Suite 7
Ground
Office/Ancillary
110.46 sq m
(1,189 sq ft)
PHOENIX DESIGN PARTNERSHIP LIMITED (4)
5 years from 26/02/2020 until 25/02/2025 (5)
£13,500
Suite 8
Ground
Office/Ancillary
84.45 sq m
(909 sq ft)
ASD BUILD LIMITED
3 years from 10/12/2019 until 09/12/2022
£10,500
Suite 9
First
Office/Ancillary
109.44 sq m
(1,178 sq ft)
SOCOTEC BUILDING CONTROL LIMITED (6)
5 years from 09/08/2021 until 08/08/2026 (7)
£13,550
Suite 10
First
Office/Ancillary
89.93 sq m
(968 sq ft)
ADVANCED CARPENTRY SOLUTIONS LIMITED (8)
10 years from 26/11/2019 until 25/11/2029
£11,000
Total
613.25 sq m
(6,601 sq ft)
74,910
(1) The lease is subject to a tenant option to determine on 15/08/2024. (2) Jones Hargreaves are an independent Building and Project Consultancy founded in 2009, who now operate from three offices in the UK (www.joneshargreaves.co.uk). (3) The lease is subject to a tenant option to determine on 31/08/2024. (4) Phoenix Design Partnership has offices in both Bath and Cardiff and over 60 years combined experience in all aspects of Civil Engineering for major housing projects, office, industrial and retail developments (http://www.phoenixdp.co.uk). (5) The lease is subject to a tenant option to determine on 26/02/2023. (6) SOCOTEC is the UK's leading provider of testing, inspection and compliance services, with comprehensive solutions in the Infrastructure, Safety Compliance & Sustainability, Environmental Compliance, Environmental Science and Building Control & Fire Consultancy sectors (www.socotec.co.uk). (7) The lease is subject to a tenant option to determine on 09/08/2024. (8) Advanced Carpentry Solutions Ltd is a carpentry contractor with 100+ carpenters with clients such as Taylor Wimpey, Barratt and Lovell. ACS have been responsible for projects with a value of up to 100,000,000 (www.advancedcarpentrysolutions.co.uk).
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.
