Unit 19, Pantglas Industrial Estate, Caerphilly, CF83 8YE

Offers in excess of £2717000.00

An opportunity to acquire a newly refurbished industrial unit in an established and sought-after industrial location.

10 year FRI Lease, with Tenant Only Break in year 7.

Long-term, secure income with a stepped rent reaching £232,500 per annum in year 5.

Open Market Rent Review at end of Year 5.

Freehold.

Well-connected by road with direct access to the A468 and A469 which provide connectivity to the centre of Caerphilly, as well as the A470 dual carriageway and Junctions 29, 30 and 32 of the M4 Motorway.

Cardiff is located 15 miles south and Newport is located 10 miles east.

46,445 sq ft of warehouse space with loading and car parking. There is a minimum eaves height of 5.3m.

The tenant has already made significant internal improvements. including new office facilities.

Recent refurbishment comprises new insulated roof in part, LED lighting, refurbished office, new glazed entrance, resurfacing of the yard area and creation of dedicated parking.

Let to Checkfire Ltd who had a turnover of £26,761,237 in the year ending 31/12/2022, with a profit of £2,523,514 for the same year.

The Tenant has a Dun & Bradstreet rating of 2A2.

Low base rent of £5.00 per sq ft provides strong rental growth prospects.

Seeking offers in excess of £2,717,000 (Two Million, Seven Hundred and Seventeen Thousand Pounds) reflecting an attractive Net Initial Yield of 8.00%, after deducting purchaser's costs of 6.98%. This equates to a low Capital Value of £58.50 per sq ft.

Subject to contract & Exclusive of VAT.

Pantglas Industrial Estate, Bedwas is strategically situated east of the A470 dual carriageway and is well-connected by road with direct access to the A468 and A469 which connects to the centre of Caerphilly. The A470 dual carriageway offers access north towards Pontypridd and Merthyr Tydfil and South to Cardiff. Junctions 29, 30 and 32 of the M4 Motorway provide access west towards Swansea and East to Newport.