Industrial for sale in Unit 19/21 Aberavon Road, Baglan Industrial Estate, Port Talbot SA12

Offers in region of £1,000,000 (£48.88/sq. ft)
Industrial for sale 20,460 sq. ft*
Interested in this property? Call +44 1792 738169 * or Request Details

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Property description

Location


The property is located within the heart of Baglan Industrial Estate, one of the main industrial locations in this part of South Wales. Junctions 41 & 42 of the M4 Motorway are located approximately two miles away. Swansea City Centre lies approximately 9 miles to the west, whilst Cardiff City Centre 35 miles to the east.

Prominent occupiers in the immediate vicinity include Howden Joinery, Screwfix, City Electrical Factors, Owens Road Transport, Warburtons Bakery and Freudenberg.description
The property comprises two terraced warehouse units with rear loading access and forecourt car parking. The buildings are of steel portal frame construction over clad with metal sheeting. The property comprises open plan warehouse accommodation, together with ancillary office and staff accommodation. The buildings each have minimum 7m eaves height.

Vehicular access to the site is provided directly from the estate road leading to the forecourt car park with separate access to the rear loading area. Each unit has a large roller shutter door to the rear. Pedestrian access is given at the front of the building from the car park.

The Tenant occupies both properties under separate leases and has opened-up part of the dividing wall between the two units. We understand they are obliged to reinstate the opening at the end of the leases.


Accommodation


Unit 19 950 sq m 10,230 sq ft
Unit 21 950 sq m 10,230 sq ft
Total: 1,900 sq m 20,460 sq ft


Rateable value


£59,500
(effective 1 April 2017)
ubr for Wales 2020/21 is 53.5p in the £


Tenure


Tenure Title number Term Rent
Unit 19 Leasehold cym years from 14 June 2013 £50pa
Unit 21 Leasehold cym years from 14 June 2013 £50pa


Tenancy


Tenant Term Breaks Rent pax Other
Unit 19 Vizor Tempered Glass Limited
Five years commencing 1 January 2021, expiring 31 December 2025 None Yr 1 £33,248
Yr 2 £35,294
Yr 3 £37,340
Yr 4 £39,368
Yr 5 £40,920 Inside the Act, Fri subject to Schedule of Condition dated 18 August 2015.
Unit 21 Vizor Tempered Glass Limited
Five years commencing 1 January 2021, expiring 31 December 2025 None
Yr 1 £33,248
Yr 2 £35,294
Yr 3 £37,340
Yr 4 £39,368
Yr 5 £40,920
Inside the Act, Fri subject to Schedule of Condition dated 18 August 2015.


Passing rent


The rent is stepped from a combined £66,496pax (£3.25psf) to £81,840pa (£4.00psf), producing an average rent across the term of £3.64 psf.


Tenant infomation


Vizor Tempered Glass Limited, company registration number 03072172. Founded in 1995. Trading accounts for year ending 31 December 2019 show a turnover of £17,949,102, a gross profit of £8,383,702, net profit before tax of £516,446 and net assets of £10,694,604.


Proposal


Seeking offers in the region of £1,000,000 (One Million Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a capital value of £49 per sq. Ft, and the following yield profile:

Net Equivalent Yield: 7.07%
Net Reversionary Yield: 7.78%
Assuming standard purchaser’s costs at 5.28%.

Alternatively, the vendor would consider a sale of the individual leasehold titles at offers in the region of £500,000 (Five Hundred Thousand Pounds) for each unit.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Hunt and Thorne, SA7 on +44 1792 738169 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hunt and Thorne, and do not constitute property particulars. Please contact Hunt and Thorne for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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