Office for sale in Caerphilly Business Park, Caerphilly CF83

Guide price £1,000,000 (£120.08/sq. ft)
Interested in this property? Call +44 29 2227 9924 * or Request Details

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Office for sale 8,328 sq. ft*

Property features

  • £79,000 per annum income
  • Fri lease of the whole
  • Investment for sale

Property description

Caerphilly is strategically located 9 miles north of Cardiff city centre and 3 miles north of Junction 32 of the M4. It is a strong commuter town for Cardiff and benefits from excellent road communications linking to the A470 and M4. In addition, the town benefits from rail connectivity with a travel time of approximately 18 minutes between Caerphilly and Cardiff Central Train Station. Travel times are expected to improve with the implementation of the £5 Billion South Wales Metro Project.

Caerphilly Business Park is situated towards the south east of the town centre, accessed via Van Road and only a 15 minutes drive from the M4 motorway (Junction 32). The park consists of predominantly office and industrial properties with a combined floor space of approximately 100,000 sq ft.

The property comprises a 8,328 sq ft detached single storey unit with secured car parking. The property is let to Ecolab Limited (company number 00649192) on an Fri lease for a term of 12 years from 8th June 2018 expiring 7th June 2030 – 7.75 years remaining. The current passing rent stands at 79,000 per annum equating to 9.46 per sq ft.

The tenant agreed to remove the existing break in exchange for 12 months rent free. There are upward only rent reviews on 8th June 2024 and 7th June 2030. We understand the tenant has occupied the property in excess of 25 years.

We are seeking offers in excess of £1,000,000 subject to contract and exclusive of VAT, equating to an attractive net initial yield of 7.48%, after allowing for purchasers costs of 5.58%.

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
Emanuel Jones, CF15 on +44 29 2227 9924 * (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 Emanuel Jones, and do not constitute property particulars. Please contact Emanuel Jones 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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