Single Let Industrial Investment - • An opportunity to acquire a newly refurbished industrial unit in an established and sought-after industrial location.
• New 10 year FRI Lease, with Tenant Only Break in year 7.
• Long-term, secure income with a stepped rent reaching £232,500 per annum in year 5.
• Open Market Rent Review at end of Year 5.
• Freehold.
• Well-connected by road with direct access to the A468 and A469 which provide connectivity to the centre of
• Caerphilly, as well as the A470 dual carriageway and Junctions 29, 30 and 32 of the M4 Motorway.
• Cardiff is located 15 miles south and Newport is located 10 miles east.
• 46,445 sq ft of warehouse space with loading and car parking. There is a minimum eaves height of 5.3m.
• Recent refurbishment comprises new insulated roof in part, LED lighting, refurbished office, new glazed entrance, resurfacing of the yard area and creation of dedicated parking.
• Let to Checkfire Ltd who had a turnover of £18,906,638 in the year ending 31/12/2021, with a profit of £1,173,374for the same year.
• Low base rent of £5.00 per sq ft provides strong rental growth prospects.
Seeking offers in excess of £3,100,000 (Three Million, One Hundred Thousand Pounds) reflecting an attractive Net Initial Yield of 7.00%, after deducting purchaser’s costs of 7.11%. This equates to a low Capital Value of £66.75 per sq ft.
Subject to Contract & exclusive of VAT.
