Office for sale in Llantarnam Business Park, Cwmbran NP44

Location

Cwmbran is a busy town located in South East Wales, approximately 5 miles from Newport and 18 miles from Cardiff. The town has a population of around 50,000 and has good road communications, being located 4 miles from junctions 25a / 26 of the M4.

The property is located on the well respected Llantarnam Business Park in Cwmbran providing a mixture of office and industrial buildings. Occupiers in the immediate area are largely office users including, Bron Afon Housing Association, Complete Cover Group, Unify Brand Partnerships and many others.

Description

The property provides office accommodation over ground and first floors, with the benefit of level access and a lift. Male, female and disabled WC’s are provided on each floor, together with a kitchen on the ground floor and tea point on the first floor.

The offices are a mixture of open plan and cellular accommodation and benefit from carpeted / vinyl flooring, perimeter trunking, suspended ceilings, Cat II Lighting, comfort cooling and fire and security alarms.

Externally, 31 parking spaces are provided for the building, including 3 disabled spaces..

Accommodation

Ground floor 371.69 sq m (4,001 sq ft)
First floor 368.57 sq m (3,967 sq ft)
Total 740.26 sq m (7,968 sq ft)

Planning

We understand that the property benefits from planning consent for office use. However, we recommend that interested parties make their own enquiries to the local authority.

Local authority

Torfaen Council:
Tel: Rating assessment
rateable value: £80,000
rates payable: (2020/21): £42,800 pa

Service charge

A service charge may be payable by tenants for maintenance of the common parts and shared services if the building is split. Further details are available upon request.

Tenure

The property is available by way of a new lease direct with the landlord as a whole or as two individual suites. Quoting rents are:

Ground floor: £50,000 per annum, exclusive
First floor: £50,000 per annum, exclusive
Total £100,000 per annum, exclusive

Alternatively, a sale of the building will also be considered. Quoting price is £1.25m, exclusive.