Units 13a & 13b Seaway Parade Industrial Estate Beglan Port Talbot West Glamorgan SA12 7BR

Units 13a & 13b Seaway Parade Industrial Estate
Beglan
Port Talbot
West Glamorgan
SA12 7BR

Freehold and Virtual Freehold Trade Counter Investment

Located within well established industrial estate
Nearby occupiers include Holt JCB, Aggreko, Pinetree Car Superstore, 4 Colour Digital and Baglan Car Centre
Fully let to strong covenant Grafton Merchanting GB Ltd t/a Plumbase until 2029 (Subject to option)
Benefits from 3 vehicle access loading doors and a secure yard with parking

Lot
64
Auction
19th October 2017
Rent
£45,000 per Annum Exclusive
Status
Sold
Price
£557,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold and Virtual Freehold Trade Counter Investment

Located within well established industrial estate
Nearby occupiers include Holt JCB, Aggreko, Pinetree Car Superstore, 4 Colour Digital and Baglan Car Centre
Fully let to strong covenant Grafton Merchanting GB Ltd t/a Plumbase until 2029 (Subject to option)
Benefits from 3 vehicle access loading doors and a secure yard with parking

Lot 64
Auction 19th October 2017
Rent £45,000 per Annum Exclusive
Status Sold
Price £557,000
Sector
Trade Counter/Builders Merchants
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 5 miles east of Swansea, 30 miles north-west of Cardiff, 55 miles west of Bristol, 35 miles west of Newport
Roads: M4, A48, A483
Rail: Baglan Railway Station, Port Talbot Parkway
Air: Cardiff Airport

Situation

Port Talbot is a town in South Wales and home to one of the largest steel manufacturing facilities in the world. The well established Seaway Parade Industrial Estate is prominently situated on the east side of the M4 at junction 41. Neighbouring occupiers include Holt JCB, Aggreko, Pinetree Car Superstore, 4 Colour Digital and Baglan Car Centre.

Tenure

Freehold. Freehold and Virtual Freehold - Part of the property is held for a term of 999 years less 3 days from completion of the sale at a peppercorn rent.

Location

Miles: 5 miles east of Swansea, 30 miles north-west of Cardiff, 55 miles west of Bristol, 35 miles west of Newport
Roads: M4, A48, A483
Rail: Baglan Railway Station, Port Talbot Parkway
Air: Cardiff Airport

Situation

Tenure

Freehold. Freehold and Virtual Freehold - Part of the property is held for a term of 999 years less 3 days from completion of the sale at a peppercorn rent.

Description

The property comprises a detached double bay trade counter unit benefiting from an eaves height of approximately 6 metres and 3 vehicle access loading doors. The property also benefits from first floor office accommodation and a large secure yard with car parking.

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

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	Reversion
Ground First	Industrial/Offices Offices	914.76 sq m 179.58 sq m	(9,846 sq ft) (1,932 sq ft)	GRAFTON MERCHANTING GB LTD (1) t/a Plumbase	15 years from 20/11/2014 (2)	£45,000	(19/11/2029)
Totals		1,094.26 sq m	(11,778 sq ft)			£45,000

(1) For the year ending 31st December 2015, Grafton Merchanting GB Ltd reported a turnover of £1,102,720,000, a pre-tax profit of £29,638,000 and a net worth of £103,487,000 (Source: Experian Group 19/09/2017).
(2) The lease provides for a tenant option to determine the lease on 19th November 2024.