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Glyndwr Rd 9,928 sq ft Office / Retail Unit Offered at £453,000 in Cwmbran NP44 1QS

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INVESTMENT HIGHLIGHTS

  • Located in a thriving commercial centre in South Wales, 17 miles north-east of Cardiff.
  • A modern ground floor Educational Facility built in 2008.
  • Within the town’s prime leisure complex.
  • 999 year leasehold at a peppercorn.
  • Providing 9,928 sqft of flexible space.
  • Immediately adjacent to a 700,000 sqft shopping centre (the second largest in Wales with 3,000 free car parking spaces).

EXECUTIVE SUMMARY

Cwmbran Leisure was constructed in 2008 and comprises a purpose built leisure complex arranged over ground and first floor. The scheme is anchored by Vue cinema comprising 8 screens over 21,000 sqft of ground and first floor. Hollywood Bowl comprises a 20 lane bowling complex with a late night licensed bar. The ground floor Educational Facility provides classrooms, break out areas and an internal café as part of a £450,000 tenant fit out. The structural layout provides excellent flexibility for the future.

PROPERTY FACTS

Total Property Size 90,613 sq ft
Property Type Retail (Unit)
Property Subtype Cinema
Costar Property Class B
Floors 3
Typical Floor Size 44,666 sq ft
Year Built 2008
Total Plot Size 12.67 ac
Parking Allocation 38.63/1,000 sq ft

AMENITIES

  • Bus Route
  • Commuter Rail
  • Security System

1 UNIT AVAILABLE

Unit Education

Unit Size 9,928 sq ft
Price £453,000
Price Per sq ft £45.63
Unit Use Office / Retail
Sale Type Investment
Tenure Long Leasehold
Net Initial Yield 9.38%
NOI £42,500
DESCRIPTION

Town centre commercial centre in South Wales, providing 9,928 sq ft of flexible space.

SALE NOTES

Offers in Excess of £453,000 (Four Hundred and Fifty Three Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 9% based on purchaser’s costs of 4.26%.
With an uncapped RPI review in 2026 (upwards only).
The price equating to a low capital value of £45.63 Psf overall.

Internal space
Internal space
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View Photo Internal space
View Photo Internal space

NEARBY MAJOR RETAILERS

Starbucks
Costa Coffee
Coffee #1
Morrisons
Iceland
Shaws
Heron Foods
Santander
HSBC
Barclays
  • Listing ID: 28073042

  • Date on Market: 27/03/2023

  • Last Updated:

  • Address: Glyndwr Rd, Cwmbran NP44 1QS

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