3 Melin Corrwg Business Park
Treforest, Near Cardiff
CF37 5BE

Freehold Modern Office Investment

  • 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
    04/Nov/2021
  • Rent
    £74,910 per Annum Exclusive
  • Status
    Sold
  • Price*
    £700,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • 3 Melin Corrwg Business Park, Treforest, Near Cardiff, CF37 5BE
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.x
Suite 6aLower
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 6bLower
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 7GroundOffice/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 8GroundOffice/Ancillary
84.45 sq m
(909 sq ft)
ASD BUILD LIMITED3 years from 10/12/2019
until 09/12/2022
£10,500
Suite 9FirstOffice/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 10FirstOffice/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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    633 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    388 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Abrahams Dresden 111 Charterhouse Street
London
EC1M 6AW
David Joseph 020 7251 7633david.joseph@ad-solicitors.co.uk

Useful Links

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