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Fully refurbished, long term single let industrial investment

Cwmbran, United Kingdom

82%

£3.335.000

Industrial

#16673

Core

29 Oct 2024

Property Details

Broker

For sale

51,695 sq.ft.

4,803 m²

Leasable area

64 £/sq.ft.

694 £/m²

7.00 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

An opportunity to acquire a fully refurbished, long term single let industrial investment located in the established Avondale Industrial Estate, Cwmbran. Let on a new 10 year FRI Lease to Allprint Supplies Ltd with RPI increases capped and collared at 2% and 4%. Long-term, secure income of £250,000 per annum on a new 10 year lease from 01/03/2023. No break option. Strategically situated west of the A4042 dual carriageway, the estate benefits from excellent road links to Junctions 25 and 26 of the M4 Motorway which provides direct access to Cardiff and Newport. 51,695 sq ft of warehouse space with loading and car parking. There is an attractive minimum eaves height of 7m. Recent refurbishment comprises a power upgrade to 800KVA, new overclad roof, LED lighting, new entrance, warehouse flooring and improved access.