Investment Sale - Single Let Industrial
Summary
- Freehold
- Prominent location close to J.41 of M4 motorway
- Fully let to Cultech Ltd
- Passing rent of £140,000 per annum (£5.34 psf)
- Lease expiring 31 August 2033 providing an unexpired term of approximately 7 years
- Large secure yard and low site density
Accommodation
| Name | sq ft | sq m |
| Ground - Ground floor | 24,907 | 2,313.94 |
| 1st - First floor | 1,292 | 120.03 |
| Total | 26,199 | 2,433.97 |
Location
The property is situated within the heart of Baglan Industrial Estate, one of the main industrial locations in this part of South Wales with mixed uses including trade counter and retail. Prominent occupiers in the Immediate vicinity include Howden Joinery, Screwfix, City Electrical Factors, Owens
Road Transport, Warburtons Bakery and Freudenberg.
Port Talbot is located between Junctions 41 and 42 of the MA Motorway, the main east/west route between London and South West Wales. Cardiff and Swansea, the two largest centres of population in Wales, are approximately 36 miles to the east and 8 miles to the west respectively. The Prince of Wales Bridge which provides access to the MS Motorway and Bristol is located approximately 64 miles to the east. Cardiff Airport is located 30 miles to the south east of the town, with Bristol Airport approximately 78 miles to the east _By rail, Port Talbot Parkway Railway Station provides regular and direct rail connections to Swansea (21 minutes), Cardiff (35 minutes) and London Paddington (2 hours 4 minutes).
Port Talbot is a key component of the Celtic Freeport, a multi-site green energy and industrial zone spanning South-West Wales. The town is home to Port Talbot Steelworks, the largest steel mill which is currently undergoing a f1.25 billion transition from traditional coal blast furnaces to green
electric arc technology.
Get directions from Google Maps
Mainline Stations
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Baglan17 mins
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Port Talbot Parkway25 mins
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Briton Ferry48 mins
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Neath79 mins
Underground Station
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Reading2360 mins
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Twyford2448 mins
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Maidenhead2560 mins
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Taplow2594 mins
Further Information
Price Offers in excess of £1,700,000 Exclusive of VAT
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C (66)
Description
The property comprises a semi-detached warehouse with large surfaced yard area and car parking providing low site density. The building is of steel portal frame construction over clad with metal sheeting.
The warehouse has 7m (minimum) eaves height. Vehicular access to the site is provided directly from the estate road via double gates
opening up to the yard area and car park. Two large (5m high) roller shutter doors provide loading access from the yard area to the main warehouse. Pedestrian access is given to the side of the building which leads to the staff/office accommodation.
Viewings
By appointment only
Terms
Freehold
What3words
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Cultech Limited Key Financials
Cultech Limited is an active private limited company in the United Kingdom operating in the nutritional supplement industry with brands including Vega Vitamins, Lab4Probiotics and Pro-Ven Probiotics. The company has invested in the refurbishment and fit-out of the unit for its use as warehouse including racking, installation Of containerised tank storage facilities together with upgrade of the offices. Cultech Limited has a Creditsafe score of A9.
Proposal
Offers in excess of £1,700,000 (One million, seven hundred thousand pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive Net Initial Yield of 7.73%, subject to standard purchaser's costs of 6.49%. This represents a Iow capital value of £64.87 per sq ft
Gallery
