Freehold Single Let Industrial Investment

Strategic location south of the A465 Heads of the Valleys Road, which provides access to the South Wales, West Wales and the West Midlands. 189,013 sq ft self contained industrial manufacturing and distribution facility, with 7 level access roller shutter doors and 4 dock level doors. Including the Tenant extended areas, the building measures 222,763 sq ft, furthering the reversionary potential. Site measures 13.15 acres with a low site cover of 38%. An attractive minimum eaves heights ranging from 5.0m to 8.0m. The asset is fully let to Continental Teves UK Limited providing a WAULT of 4.30 years (2.30 years to break option). Tenant has been in occupation for over 30 years and has shown commitment in signing a reversionary lease in 2022. Producing £374,125 per annum off a low base rent of £1.98 per sq ft. Comparable evidence supports an ERV of £2.50 per sq ft to £472,533 per annum (or £549,620 per annum including the tenant extended areas). Exceptionally low capital value of £22.22 per sq ft.