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 13th December 2021
Rent
Status Sold
Price £905,000
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
On Behalf of a Major Asset Manager
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.
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 applicable to this lot.
Completion Period
Six Week Completion
EPC
B & D. See legal pack at Acuitus.co.uk
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 applicable to this lot.
Completion Period
Six Week Completion
EPC
B & D. See legal pack at Acuitus.co.uk
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Unit 1 Forward House
Ground
Industrial
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
Ground
Industrial
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 House
Ground
Industrial
-
(-)
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.