Units 3-4 Oakwood Close Pen-y-Fan Industrial Estate Crumlin Newport NP11 3HY

Units 3-4 Oakwood Close
Pen-y-Fan Industrial Estate
Crumlin
Newport
NP11 3HY

Freehold Industrial Investment

Let to Applied Nutritional Research Ltd on a new 10 year lease (subject to option)
Located within established industrial estate
13 miles north-west of Newport
Nearby occupiers include Senior Flexonics, Braces Bakery Limited, BBI Group and Unitech Services Group

Lot
29
Auction
14th February 2018
Rent
£73,895 per Annum Exclusive
Status
Sold
Price
£700,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

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Freehold Industrial Investment

Let to Applied Nutritional Research Ltd on a new 10 year lease (subject to option)
Located within established industrial estate
13 miles north-west of Newport
Nearby occupiers include Senior Flexonics, Braces Bakery Limited, BBI Group and Unitech Services Group

Lot 29
Auction 14th February 2018
Rent £73,895 per Annum Exclusive
Status Sold
Price £700,000
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 13 miles north-west of Newport, 17 miles north of Cardiff
Roads: A467, B425, A4042
Rail: Llanhileth Rail
Air: Cardiff Airport

Situation

The property is located in the established Pen-Y-Fan Industrial Estate in Crumlin, some 13 miles north-west of Newport. The estate benefits from strong road connections via the A467 to Newport and the M4 Motorway (Junction 28). Nearby occupiers include Senior Flexonics, Braces Bakery Limited, BBI Group and Unitech Services Group.

Tenure

Freehold.

Location

Miles: 13 miles north-west of Newport, 17 miles north of Cardiff
Roads: A467, B425, A4042
Rail: Llanhileth Rail
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property is a standalone light industrial building comprising a ground floor warehouse with ground and first floor office accommodation. The property benefits from 23 car parking spaces, a secure yard area and roller shutter doors. The site has an approximate area of 0.984 hectares (2.432 acres).

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	Review
Ground First	Warehouse/ Office Office	1,842.7 sq m 256.9 sq m	(19,836 sq ft) (2,765 sq ft)	APPLIED NUTRITIONAL RESEARCH LTD t/a ANR-Probake (1)	10 years from 23/11/2017 until 22/11/2027 (2) on a full repairing and insuring lease (3)	£73,895.25	23/11/2022
Total		2,099.6 sq m	(22,601 sq ft)			£73,895.25

(1) ANR-Probake is a leading manufacturer of nutritionally enriched baked goods in Europe (Source: www.anr-probake.com 15/01/2018).
(2) The lease provides an option to determine on 22/11/2022. For the purposes of clarification, Applied Nutritional Research Ltd is currently benefitting from a rent free period due to expire on 22/08/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £73,895 p.a.x. from completion of the sale.
(3) The lease is subject to a schedule of condition.