Forward House & Sparks House Western Industrial Estate Caerphilly CF83 1BQ

Forward House & Sparks House
Western Industrial Estate
Caerphilly
CF83 1BQ

Freehold Industrial Investment

Comprises approximately 2,006.24 sq m (21,595 sq ft)
Established industrial location with good access to the M4 (Junction 28)
Let to Funtastic Kids Play Limited and Castle Coatings Limited
Castle Coatings let on a 10 year lease expiring April 2028 (subject to option)
Nearby occupiers include Direct Healthcare Group, PHS Group, Tesco Express, Bupa Dental, Domino's and Greggs
VAT-Free Investment

Lot
14
Auction
13th December 2021
Rent
£76,800 per Annum Exclusive
Status
Sold
Price
£905,000
Auction Venue
Live Streamed Auction
On Behalf of a Major Asset Manager

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Freehold Industrial Investment

Comprises approximately 2,006.24 sq m (21,595 sq ft)
Established industrial location with good access to the M4 (Junction 28)
Let to Funtastic Kids Play Limited and Castle Coatings Limited
Castle Coatings let on a 10 year lease expiring April 2028 (subject to option)
Nearby occupiers include Direct Healthcare Group, PHS Group, Tesco Express, Bupa Dental, Domino's and Greggs
VAT-Free Investment

Lot 14
Auction 13th December 2021
Rent £76,800 per Annum Exclusive
Status Sold
Price £905,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction
On Behalf of a Major Asset Manager

Property Information

Location

Miles: 7 miles north of Cardiff; 11 miles north-west of Newport; 40 miles north west of Bristol
Roads: A486, A470, M4 (Junction 28)
Rail: Caerphilly
Air: Cardiff International Airport

Situation

Forward House and Sparks House is situated in the well established Western Industrial Estate, approximately 7 miles north of Cardiff and 11 miles west of Newport. The property is situated in a strategic position close to the A468 which provides access to the A470 and Junction 28 of the M4 motorway. Nearby occupiers include Direct Healthcare Group, PHS Group, Tesco Express, Bupa Dental, Domino's and Greggs.

Tenure

Freehold.

Location

Miles: 7 miles north of Cardiff; 11 miles north-west of Newport; 40 miles north west of Bristol
Roads: A486, A470, M4 (Junction 28)
Rail: Caerphilly
Air: Cardiff International Airport

Situation

Tenure

Freehold.

Description

The property comprises Forward House, a single storey industrial unit currently subdivided into two units, with car parking for approximately 25 cars on a site area of approximately 0.66 ha (1.63 acres), together with Sparks House on a site area of approximately 0.31 ha (0.76 acres), which has been sold on a long lease. Therefore the total site area is approximately 0.97 ha (2.39 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

B & D. See legal pack at Acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

B & D. See legal pack at Acuitus.co.uk

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Unit 1 Forward House	Ground	Industrial	978.08 sq m	(10,528 sq ft)	FUNTASTIC KIDS PLAY LIMITED (1)	10 years from 28/07/2015 until 27/07/2025	£36,800
Unit 2 Forward House	Ground	Industrial	1,028.16 sq m	(11,067 sq ft)	CASTLE COATINGS LIMITED (2)	10 years from 13/04/2018 until 12/04/2028 (3)	£40,000
Sparks House	Ground	Industrial	-	(-)	GREVILLEHURST LIMITED	250 years from 24/06/2001	Peppercorn
Total			2,006.24 sq m	(21,595 sq ft)			£76,800

(1) www.funtasticplaycentre.co.uk
(2) Castle Coatings Ltd provides powder and wet coating services to commercial, industrial and domestic customers throughout South Wales (www.castlecoatingswales.co.uk).
(3) The lease is subject to a tenant option to determine on 12/04/2023.

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.