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Just added
Freehold
Offers over
£950,000
Light industrial for sale
Industrial Property Investment Opportunity, Millers Avenue, Brynmenyn Industrial Estate, Bridgend CF32Local area information
Property location
Nearby amenities
- Ysgol Bryn Castell 0.3 miles
- Coleg Cymunedol Y Dderwen 0.5 miles
- Tondu 0.8 miles
- Sarn 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
•Opportunity to acquire a portfolio of 3 No. Modern industrial/workshop units with an erv of £75,600 per annum by way of a sale of 100% of the share capital of spv Holding Company.
•The portfolio comprises of a pair of semi-detached industrial/workshop units providing in total approximately 750sq.m (7000 sq.ft) gia held long leasehold tenure at a peppercorn rental and an adjoining detached industrial/ workshop unit providing approximately 694sq.m (7467sq.ft) gia again held long leasehold at a peppercorn rental.
•Offers in excess of £950,000 are invited for 100% of the share capital of spv Brynmenyn Estates Limited
Location
The Adjoing properties units are located fronting Millers Avenue on the Brynmenyn Industrial Estate, Bridgend.
The Brynmenyn Industrial Estate is strategically located lying just 2 miles north of Junction 36 (Sarn Park Interchange) of the M4 Motorway. Cardiff lies approximately 22 miles to the east and Swansea 15 miles to the west.
Description
47A millers avenue
Briefly comprises a pair of modern semi-detached industrial/workshop units within a secure yard and providing the following accommodation:-
Left-Hand Side Unit: 290sq.m (3125sq.ft) gia
set within a secure yard.
Right-Hand Side Unit: 290sq.m (3125sq.ft) gia together with a mezzanine office providing a further 70sq.m (750sq.ft) Gross Internal of Accommodation.
The units provide for clear span with 5.25m to eaves and 7.32m to apex. Each unit has the benefit of an electrically operated roller shutter door opening out onto a fully concrete surfaced yard.
9 millers avenue
A well presented detached industrial/workshop unit provide in total approximately 694sq.m (7467sq.ft) gia.
The property has the benefit of very well presented ground and first floor office/ancillary space and is set within a generous size secure yard.
Tenure
47A Millers Avenue held long leasehold tenure under terms of a 125 year lease from 1st January 1998 at a peppercorn rental from freeholder Bridgend County Borough Council.
9 Millers Avenue is held long leasehold tenure under terms of a 125 year lease from 25th October 1991 at a peppercorn rental from freeholder Bridgend County Borough Council.
Tenancies
47A Millers Avenue
The left-hand side unit is let to Hydrainer Pump Hire Limited under terms of a secure Fri Lease expiring May 2034. Lease contains tenant only Break Clause exercisable May 2029. The current rental passing is £23,500 per annum exclusive with a rent review May 2029.
The right-hand side unit is to be made available with vacant possession with an erv of £20,000 per annum.
Unit 9 Millers Avenue
Let to Selwood Group Limited under terms of a secure Fri lease expiring 17th May 2031. The current rental is £32,129 per annum exclusive with a cpi rent review 18th May 2028. There is a Tenant Break Clause 18th May 2028
Sale Price
Offers in excess of £950,000 are invited for 100% of the shares of the spv Brynmenyn Estates Limited whose only assets are 47A Millers Avenue and 9 Millers Avenue.
A sale of the properties by way of a sale of the company shares is considered to be a tax efficient proposal for both buyer and seller. Further details on application.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
Epc
Pending
Vat
All figures quoted are exclusive of VAT if applicable.
Anti Money Laundering Regulations
In order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.
Viewing
Strictly by appointment only through
sole selling agents:
Messrs Watts & Morgan llp
Tel: Email:
Please ask for
Dyfed Miles or Matthew Ashman
•The portfolio comprises of a pair of semi-detached industrial/workshop units providing in total approximately 750sq.m (7000 sq.ft) gia held long leasehold tenure at a peppercorn rental and an adjoining detached industrial/ workshop unit providing approximately 694sq.m (7467sq.ft) gia again held long leasehold at a peppercorn rental.
•Offers in excess of £950,000 are invited for 100% of the share capital of spv Brynmenyn Estates Limited
Location
The Adjoing properties units are located fronting Millers Avenue on the Brynmenyn Industrial Estate, Bridgend.
The Brynmenyn Industrial Estate is strategically located lying just 2 miles north of Junction 36 (Sarn Park Interchange) of the M4 Motorway. Cardiff lies approximately 22 miles to the east and Swansea 15 miles to the west.
Description
47A millers avenue
Briefly comprises a pair of modern semi-detached industrial/workshop units within a secure yard and providing the following accommodation:-
Left-Hand Side Unit: 290sq.m (3125sq.ft) gia
set within a secure yard.
Right-Hand Side Unit: 290sq.m (3125sq.ft) gia together with a mezzanine office providing a further 70sq.m (750sq.ft) Gross Internal of Accommodation.
The units provide for clear span with 5.25m to eaves and 7.32m to apex. Each unit has the benefit of an electrically operated roller shutter door opening out onto a fully concrete surfaced yard.
9 millers avenue
A well presented detached industrial/workshop unit provide in total approximately 694sq.m (7467sq.ft) gia.
The property has the benefit of very well presented ground and first floor office/ancillary space and is set within a generous size secure yard.
Tenure
47A Millers Avenue held long leasehold tenure under terms of a 125 year lease from 1st January 1998 at a peppercorn rental from freeholder Bridgend County Borough Council.
9 Millers Avenue is held long leasehold tenure under terms of a 125 year lease from 25th October 1991 at a peppercorn rental from freeholder Bridgend County Borough Council.
Tenancies
47A Millers Avenue
The left-hand side unit is let to Hydrainer Pump Hire Limited under terms of a secure Fri Lease expiring May 2034. Lease contains tenant only Break Clause exercisable May 2029. The current rental passing is £23,500 per annum exclusive with a rent review May 2029.
The right-hand side unit is to be made available with vacant possession with an erv of £20,000 per annum.
Unit 9 Millers Avenue
Let to Selwood Group Limited under terms of a secure Fri lease expiring 17th May 2031. The current rental is £32,129 per annum exclusive with a cpi rent review 18th May 2028. There is a Tenant Break Clause 18th May 2028
Sale Price
Offers in excess of £950,000 are invited for 100% of the shares of the spv Brynmenyn Estates Limited whose only assets are 47A Millers Avenue and 9 Millers Avenue.
A sale of the properties by way of a sale of the company shares is considered to be a tax efficient proposal for both buyer and seller. Further details on application.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
Epc
Pending
Vat
All figures quoted are exclusive of VAT if applicable.
Anti Money Laundering Regulations
In order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.
Viewing
Strictly by appointment only through
sole selling agents:
Messrs Watts & Morgan llp
Tel: Email:
Please ask for
Dyfed Miles or Matthew Ashman
More information
Listed by
Watts & Morgan
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