Let to Amey Infrastructure Wales Limited until September 2024 (Subject to Option)
Total approximate gross site area of 0.47 Ha (1.15 acres)
Future development potential (subject to consents)
Close to Aberdare town centre and 0.2 miles (320 metres) from Aberdare Train Station
Residential and Commercial mixed-use area with adjacent occupiers including Jewson Building Supplies and the Aberdare Fire Station
Lot 32
Auction 16th February 2023
Rent £50,000 per Annum Exclusive
Status Sold
Price £330,000
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles north-west of Cardiff, 3 miles south of Brecon Beacons National Park
Roads
A465, A470, M4
Rail
Aberdare Train Station
Air
Cardiff Airport
Situation
Aberdare is a town in the Cynon Valley area approximately 22 miles north-west of Cardiff and 3 miles south of the popular Brecon Beacons National Park. The site is located close to the town centre on Cwmbach Road, just 0.2 miles (320 metres) from Aberdare Train Station. The immediate area is residential and commercial mixed-use with the adjacent occupiers being Jewson Building Supplies and the Aberdare Fire Station. Aberdare Market is only a short distance away, with other nearby occupiers including B&M, Boots the Pharmacy, Iceland and The Works.
Tenure
Freehold.
Location
Miles
22 miles north-west of Cardiff, 3 miles south of Brecon Beacons National Park
Roads
A465, A470, M4
Rail
Aberdare Train Station
Air
Cardiff Airport
Situation
Aberdare is a town in the Cynon Valley area approximately 22 miles north-west of Cardiff and 3 miles south of the popular Brecon Beacons National Park. The site is located close to the town centre on Cwmbach Road, just 0.2 miles (320 metres) from Aberdare Train Station. The immediate area is residential and commercial mixed-use with the adjacent occupiers being Jewson Building Supplies and the Aberdare Fire Station. Aberdare Market is only a short distance away, with other nearby occupiers including B&M, Boots the Pharmacy, Iceland and The Works.
Tenure
Freehold.
Description
The property comprises an open storage yard with a site area of approximately 0.47 hectares (1.15 acres). The site is currently used for the open storage of equipment for the improvements of the adjacent railway with direct road access to Cwmbach Road to the north and the Aberdare to Cardiff railway line to the southern border.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions and the current tenancies. Interested Parties are referred to Rhondda Cynon Taf County Borough Council - PlanningServices@rhondda-cynon-taff.gov.uk - 01443 425004
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an open storage yard with a site area of approximately 0.47 hectares (1.15 acres). The site is currently used for the open storage of equipment for the improvements of the adjacent railway with direct road access to Cwmbach Road to the north and the Aberdare to Cardiff railway line to the southern border.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions and the current tenancies. Interested Parties are referred to Rhondda Cynon Taf County Borough Council - PlanningServices@rhondda-cynon-taff.gov.uk - 01443 425004
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Use
Site Area Approx Hectares
Site Area (Approx Acres)
Tenant
Term
Rent p.a.x.
Reversion
Open Storage
0.47
(1.15)
AMEY INFRASTRUCTURE WALES LIMITED (1)
3 years from 28/09/2021 (2) (3)
£50,000
27/09/2024
Total
0.47
(1.15)
£50,000
(1) For the year ending 31st December 2021, Amey infrastructure Wales Limited registered a turnover of £99,280,000, a pre-tax profit of £2,702,000 and a net worth of £4,515,000. (Source: Northrow 26/01/2023). Amey is a leading infrastructure services and engineering company with 11,000 employees across the UK (Source: www.amey.co.uk) (2) The Lease provides for a rolling tenant option to determine the lease subject to serving 6 months notice. (3) The tenant has the option to extend the lease for one year from the expiry of the current lease. Please see Legal Pack for further information.
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.
