Forward House & Sparks House
Western Industrial Estate
Caerphilly
CF83 1BQ

Freehold Industrial Investment

  • Comprises approximately 2,006.24 sq m (21,595 sq ft)
  • Established industrial location with good access to the M4 (Junction 28)
  • Let to Funtastic Kids Play Limited and Castle Coatings Limited
  • Castle Coatings let on a 10 year lease expiring April 2028 (subject to option)
  • Nearby occupiers include Direct Healthcare Group, PHS Group, Tesco Express, Bupa Dental, Domino's and Greggs
  • VAT-Free Investment
  • Lot
    14
  • Auction
    13/Dec/2021
  • Rent
    £76,800 per Annum Exclusive
  • Status
    Available
  • Price*
    £725,000 - £750,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Asset Manager
  • Forward House & Sparks House, Western Industrial Estate, Caerphilly, CF83 1BQ
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
7 miles north of Cardiff
11 miles north-west of Newport
40 miles north west of Bristol
Roads
A486, A470, M4 (Junction 28)
Rail
Caerphilly
Air
Cardiff International Airport
Situation

Forward House and Sparks House is situated in the well established Western Industrial Estate, approximately 7 miles north of Cardiff and 11 miles west of Newport. The property is situated in a strategic position close to the A468 which provides access to the A470 and Junction 28 of the M4 motorway. Nearby occupiers include Direct Healthcare Group, PHS Group, Tesco Express, Bupa Dental, Domino's and Greggs.

Tenure

Freehold.

Description

The property comprises Forward House, a single storey industrial unit currently subdivided into two units, with car parking for approximately 25 cars on a site area of approximately 0.66 ha (1.63 acres), together with Sparks House on a site area of approximately 0.31 ha (0.76 acres), which has been sold on a long lease. Therefore the total site area is approximately 0.97 ha (2.39 acres).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

B & D. See legal pack at Acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.x
Unit 1
Forward House
GroundIndustrial
978.08 sq m
(10,528 sq ft)
FUNTASTIC KIDS
PLAY LIMITED (1)
10 years from
28/07/2015 until
27/07/2025
£36,800
Unit 2
Forward House
GroundIndustrial
1,028.16 sq m
(11,067 sq ft)
CASTLE COATINGS
LIMITED (2)
10 years from
13/04/2018 until
12/04/2028 (3)
£40,000
Sparks HouseGroundIndustrial
-
(-)
GREVILLEHURST
LIMITED
250 years from
24/06/2001
Peppercorn
Total
2,006.24 sq m
(21,595 sq ft)
  £76,800

(1) www.funtasticplaycentre.co.uk
(2) Castle Coatings Ltd provides powder and wet coating services to commercial, industrial and domestic customers throughout South Wales (www.castlecoatingswales.co.uk).
(3) The lease is subject to a tenant option to determine on 12/04/2023.

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

  • Solicitors Legal Pack
    Updated Date
    02.12.21
    File Size
    23 MB
    Login to View
  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    661 KB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    567 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
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120904charlie.powter@acuitus.co.uk
Seller's Solicitors
Birketts LLP Kingfisher House, 1 Gilders Way
Norwich
NR3 1UB
Ryan Bigland +44 (0)1603 542684Ryan-Bigland@birketts.co.uk

Useful Links

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