Avondale Business Park Cwmbran Monmouthshire NP44 1XE

Avondale Business Park
Cwmbran
Monmouthshire
NP44 1XE

Substantial Freehold Industrial Estate Investment

Comprises 8 industrial units with further 2 separately let yard areas
Site Area - approximately 1.60 ha (3.95 acres)
Total area approximately 5,531.40 sq m (59,540 sq ft) including yards
Asset Management potential including letting of Units B3, C and D
Established Industrial Location close to J25A and 26 of M4 motorway

Lot
30
Auction
23rd September 2020
Rent
£129,650 per Annum Exclusive
Status
Sold
Price
£1,215,000
Auction Venue
Live Streamed Auction

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Substantial Freehold Industrial Estate Investment

Comprises 8 industrial units with further 2 separately let yard areas
Site Area - approximately 1.60 ha (3.95 acres)
Total area approximately 5,531.40 sq m (59,540 sq ft) including yards
Asset Management potential including letting of Units B3, C and D
Established Industrial Location close to J25A and 26 of M4 motorway

Lot 30
Auction 23rd September 2020
Rent £129,650 per Annum Exclusive
Status Sold
Price £1,215,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 7 miles north of Newport; 19 miles north-east of Cardiff
Roads: A4042, M4
Rail: Cwmbran
Air: Cardiff Airport

Situation

Cwmbran is a well-established business location approximately 7 miles north of Newport and 19 miles north-east of Cardiff. Avondale Business Park is a well established business park situated to the north of Cwmbran town centre in a popular industrial area. The area benefits from good access to Junction 25A and Junction 26 of the M4 motorway, being less than six miles to the south. Nearby occupiers include Ford, Travis Perkins and ATS Euromaster.

Tenure

Freehold.

Location

Miles: 7 miles north of Newport; 19 miles north-east of Cardiff
Roads: A4042, M4
Rail: Cwmbran
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises eight industrial units of varying sizes, as well as four open yards, two of which are separately let.

VAT

VAT is applicable to this lot.

Completion Period

Four week completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

The property comprises eight industrial units of varying sizes, as well as four open yards, two of which are separately let.

VAT

VAT is applicable to this lot.

Completion Period

Four week completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Unit	Use	Gross Internal Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Unit B1a	Industrial	1,164.53 sq m	(12,535 sq ft)	SOLAR MEDICAL &CHEMICAL LIMITED (1)	4 years from 05/04/2017	£35,000
Unit B1b &Unit B4	Industrial	1,444.63 sq m	(15,550 sq ft)	CONSTRUCTION FORMS INC and CONFORM S EUROPE t/a ConForms (2) (4)	6 years from 17/02/2015	£42,650
Unit B2 & YardC4	Industrial/ Yard	508.64 sq m	(5,475 sq ft)	CONSTRUCTION FORMS INC and CONFORM S EUROPE t/a ConForms (2) (4)	6 years from 17/02/2015	£28,000
Unit B3 Unit C Yard C6 Unit D	Industrial Industrial Yard Industrial	238.29 sq m 69.68 sq m 202.53 sq m 116.13 sq m	(2,565 sq ft) (750 sq ft) (2,180 sq ft) (1,250 sq ft)	VACANT
Unit E	Veterinary/ Office	168.15 sq m	(1,810 sq ft)	SUMMERHILL VETERINARY CENTRE LIMITED (3) (4)	10 years from 25/05/2012	£11,000
Yard C2	Yard	809.18 sq m	(8,715 sq ft)	SD MAINTENANCE SERVICES LIMITED	3 years from 08/10/2018	£5,500 (5)
Yard C3	Yard	809.64 sq m	(8,710 sq ft)	INDIVIDUAL	2 years from 01/02/2019	£7,500
Total		5,531.40 sq m	(59,540 sq ft)			£129.650

(1) Solar Medical & Chemical are suppliers of medical disposables, janitorial supplies and equipment to businesses and the general public. They supply over 4000 different products to nursing homes, domicillary care, local government, hotels, veterinary practices, industry and many more. Solar also produce and manufacture a range of household cleaning products for the public and businesses throughout the UK (www.solarmedchem.co.uk).
(2) Con Forms are suppliers of concrete pumping systems throughout the US, UK and around the world. For over 50 years, Construction Forms, Inc. has been a leader in the development and manufacturing of concrete pumping systems and accessories (www.conforms.com).
(3) The Summerhill Group of veterinary practices was founded in the 1960's and now operates from 10 practices and provides dedicated pet care across the entire South Wales region (www.summerhillvets.com). The tenant has an option to take a lease on the land to the front of Unit E.
(4) The tenant benefits from a service charge cap. Please see legal pack for further information.
(5) There is a fixed rental uplift to 6,000 on 08/10/2020.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.