Industrial to let in Suite 13 Brecon House, Llantarnam Park, Cwmbran NP44

Description

Established business park location with excellent road links. Self-contained office / former medical and administration centre - alternative uses considered. The accommodation comprises a mix of open plan and cellular office / meeting rooms with a portal frame extension - formerly used as a children's play / break -out area - could suit other uses such as test / lab. Space or training area.

Location

Llantarnam Park is located 4 km (2.5 miles) south of Cwmbran Town Centre and 3.9 km (2.4 miles) from Junction 26 of the M4 Motorway. The Park is an established mixed use location home to a variety of business occupiers including stg Aerospace, Zodiac Aerospace, Gwent Police and Greggs. The 4 Star Parkway Hotel is situated at the entrance to the Park providing conference and leisure facilities.

Accommodation

Suite 13 = 9,079 sq ft (843.46 sq m) IPMS3

Tenure and terms

Suite 13 is available by way of a new Lease for a term of years to be agreed.

Rent / price

£99,869 per annum (Excl.) VAT payable in addition.

Rateable value

The suite is to be re-assessed - the suite was formerly part used as a medical centre by the local authority and the Rateable Value was part discounted.

Multiplier 53.3 pence (2020/21) contact Torfaen County Council for additional information.

Estate service charge / building insurance

External repairs and the maintenance and upkeep of the common parts of the building and the estate are covered by way of a service charge. Tenants pay service charge based on floor area occupied, the current annual budget contribution for Suite 13 is £24,585 (Excl.) VAT payable in addition. The occupier will be responsible maintaining and the standard and quality of the suite.

A proportion of the building insurance premium is also recovered by the Landlord - current premium / contribution is £589 per annum (Excl.) VAT payable in addition.

Legal costs

Each party responsible for their own legal fees.

Energy performance certificate

D-84

Further information

For additional information or to arrange a viewing please contact Henry Best or joint agents Knight Frank.