Approximately 4,779.62 sq m (51,448 sq ft) & 0.87 hectares (2.15 acres)
Established industrial location with good access to the M4 (Junction 28)
Nearby occupiers include Biometrics, Mollertech UK Ltd & Mid Glam Packaging Supplies Ltd
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 105
Auction 13th October 2016
Rent £200,000 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
9 miles north west of Newport, 20 miles north of Cardiff, 40 miles north west of Bristol
Roads
B4251, A467, A48, M4 (Junction 28)
Rail
Caerphilly
Air
Cardiff International Airport
Situation
The property is situated on the established Nine Mile Point Industrial Estate which provides in excess of 35 industrial units with occupiers including Biometrics, Mollertech UK Ltd & Mid Glam Packaging Supplies Ltd. The estate benefits from good communications with the M4 (Junction 28) approximately 9 miles to the south accessed via the A467 duel carriageway.
Tenure
Virtual Freehold. Held from Marble Acquisitions Limited for a term of 999 years from 30th June 2005 at a peppercorn rent. Under the terms of the head lease, there is an option to purchase the freehold interest within a period of 21 years from 30 June 2005 for a sum of £1.
Location
Miles
9 miles north west of Newport, 20 miles north of Cardiff, 40 miles north west of Bristol
Roads
B4251, A467, A48, M4 (Junction 28)
Rail
Caerphilly
Air
Cardiff International Airport
Situation
The property is situated on the established Nine Mile Point Industrial Estate which provides in excess of 35 industrial units with occupiers including Biometrics, Mollertech UK Ltd & Mid Glam Packaging Supplies Ltd. The estate benefits from good communications with the M4 (Junction 28) approximately 9 miles to the south accessed via the A467 duel carriageway.
Tenure
Virtual Freehold. Held from Marble Acquisitions Limited for a term of 999 years from 30th June 2005 at a peppercorn rent. Under the terms of the head lease, there is an option to purchase the freehold interest within a period of 21 years from 30 June 2005 for a sum of £1.
Description
The property comprises a substantial two bay industrial unit currently used predominantly for production with ancillary and office accommodation on ground and first floors. Adjacent to the industrial unit is a separate reception / office building. The property benefits from an eaves height of 5.25m, two roller shutter doors, a total approximate site area of 0.87 hectares (2.15 acres), and parking for some 92 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial two bay industrial unit currently used predominantly for production with ancillary and office accommodation on ground and first floors. Adjacent to the industrial unit is a separate reception / office building. The property benefits from an eaves height of 5.25m, two roller shutter doors, a total approximate site area of 0.87 hectares (2.15 acres), and parking for some 92 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/Reversion
Ground Ground Ground First Ground First
Production Office/Ancillary Link/Plant Office/Ancillary Office Office
3,353.34 sq m 201.26 sq m 58.48 sq m 201.26 sq m 482.64 sq m 482.64 sq m
5 years from 20/02/2012 on a full repairing and insuring lease
£200,000
19/02/2017
TOTALS
4,779.62 sq m
(51,448 sq ft)
£200,000
(1) For the year ending 31st December 2014, Penny & Giles Controls Limited reported a turnover of £76,980,000, pre-tax profits of £6,613,000 and a net worth of £13,817,000 (Source: Experian Group 12/09/2016) The Penny & Giles product range comprises a broad selection of joysticks, sensors and solenoids for use on commercial vehicles and industrial equipment. In 1929 the Curtiss-Wright Corporation was founded to provide highly engineered, technologically advanced products and services. Their revenues are generated across three segments: Commercial/Industrial, Defense and Power, which support several of the largest, most vital industries in the world. They have been a publicly traded company for more than 85 years. (Source: www.curtiswright.com)
Contacts
Associate Auctioneers
Jenkins Best Commercial Property Consultants 20 Centre Court, Treforest Industrial Estate Cardiff CF37 5YR
