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Bryn House & Brecon House, Van Road, Caerphilly Business Park, Caerphilly, CF83, Van Road, CF83 3GG

For sale: £4,844,000.00|0 - 40887 Sq Ft|Business Park, Office, Offices

PROPERTY DETAILS

FOR SALE£4,844,000.00
SIZE0 - 40887 Sq Ft
ADDRESSBryn House & Brecon House, Van Road, Caerphilly Business Park, Caerphilly, CF83, Van Road, Caerphilly, CF83 3GG
TYPEBusiness Park, Office, Offices
TENUREInvestment Opportunity
POSTED ON28th October 2020

DESCRIPTION

Fully-let Business Park Investment with Fixed Rental Uplift.

High Yielding, Low Capital Value Reversionary Business Park with 7.37 Years Term Certain. - - Freehold.

- Located in Caerphilly Business Park, a highly sought after and fundamentally strong location just 3 miles from the M4 motorway and 3.5 miles from north Cardiff.

- The property comprises two high quality Grade A office units totalling 41,642 sq ft of approximately 20,000 sq ft each with flexible accommodation suitable for subdivision and multi-occupancy.

- The situation provides immediate access to Junction 32 of the M4 and the A470; the main spine road running from north to south Wales. The Junction 32 / A470 intersection is regarded as the most important section of road infrastructure in Wales.

- Current rent of £468,000 per annum. This equates to a low rent of £11.24 per sq ft and is extremely competitive compared to competing Cardiff M4 office parks and provides a strong base for future rental growth, with a fixed rental uplift on part.

- Let to good covenants with a WAULT of 7.37 years to expiries (no break options) with both tenants having either recently renewed their lease or removed a break option demonstrating their commitment to the location.

- Link Financial and Creditsafe provide FAME Credit Ratings of 97% and 99% respectively, both are at the maximum end of the 'Secure' ratings scale.

- The capital value at £117 per sq ft is significantly below replacement cost and underpinned by vacant possession values.

LOCATION

Location: Bryn House & Brecon House, Van Road, Caerphilly Business Park, Caerphilly, CF83, Van Road, Caerphilly, CF83 3GG

Caerphilly (0.6 miles)

Lisvane & Thornhill (2.0 miles)

Llanbradach (2.5 miles)

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