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The Pavilions, Llantarnam Park, Cwmbran, Torfaen, NP44, Llantarnam Park, NP44 3FD

For sale: £4,198,000.00|0 - 31,120 Sq Ft|Business Park, Office, Offices

Property details

FOR SALE£4,198,000.00
SIZE0 - 31,120 Sq Ft
ADDRESSThe Pavilions, Llantarnam Park, Cwmbran, Torfaen, NP44, Llantarnam Park, Cwmbran, NP44 3FD
TYPEBusiness Park, Office, Offices
TENUREInvestment Opportunity
POSTED ON8th March 2021

Description

Multi-let, High-Yielding, Modern Business Park Investment with Strong Tenant Contentment. - - Freehold.
- Located in Llantarnam Park, Cwmbran, one of the most prestigious commercial locations on the M4 corridor.
- Strategically located just under 3 miles north of Junctions 25, 25A and 26 of the M4 motorway.
- The property comprises 6 modern, BREEAM Excellent, detached Grade A office units totalling 31,120 sq ft within an attractively landscaped, secure campus environment.
- Exceptional car parking ratio of 1:149 sq ft occupied and puts the Pavilions at a significant advantage over competing office parks.
- Large site of 6.7 acres (2.7 hectares) with a low site cover of 4.6%.
- Current rent of £405,400 per annum. This equates to a low £12.50 per sq ft on the office element with strong prospects for future rental growth and additional car parking licence income.
- Multi-let to 4 Tenants providing a 93% occupancy rate with an opportunity to let the remaining vacant suite and create a reversion.
- WAULT of 2.05 years to lease expiries with a strong occupational backdrop as 78.2% of income was subject to non-exercised break options within the last 12 months.
- Quoting capital value at a low £135 per sq ft is significantly below replacement cost and provides ample headroom to secure individual unit sales to owner occupiers.

Location

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Location: The Pavilions, Llantarnam Park, Cwmbran, Torfaen, NP44, Llantarnam Park, Cwmbran, NP44 3FD

Cwmbran (1.8 miles)

Newport (S. Wales) (3.0 miles)

Pontypool & New Inn (4.6 miles)

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