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Protyre Investment Portfolio 3 Industrial Properties Offered at £2,930,000 in Multiple Locations
Investment Highlights
- Investment Opportunity for Sale
- Popular and Accessible Trading Locations Across South Wales
- Delphi Score 100 out of 100
- Freehold Opportunities -WAULT 6 Years
- Individually Let to Micheldever Tyre Services Ltd T/A Protyre
- Properties can be sold individually or in SPV
Executive Summary
Our clients have instructed us to seek offers in the region of £2.93m subject to contract and exclusive of VAT for the freehold interest in the 3 properties. This would reflect a NIY of 7.1% based on the purchasers costs of 6.4% and reversionary yield in the region of 9%.
SWANSEA & HAVERFORDWEST
Investment Summary
• Popular and accessible trading location in South Wales
• Two warehouse/industrial units let to Micheldever Tyre Services Ltd T/A Protyre
• The WAULT is 6 Years to break/expiry (6th February 2032)
• Current passing combined rental of £199,000 pax
• Reversionary rent in the region of £257,500 pax
• Two properties can be sold individually or sold in SPV
• VAT elected: Sale to be treated as a transfer of going concern (TOGC).
• Tenant – Micheldever Tyre Services Ltd T/A Protyre – DELPHI score 100 out of 100. Credit Limit – £7,000,000. Delphi Band – Very Low Risk
• Freehold
• Offers for the portfolio in the region of £2.65m (Two million six hundred and fifty thousand pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.06% after deducting the usual purchasers costs of 6.4% and reversionary yield of 9.13%
• Offers for individual lots welcome, POA
RICHARDSON ROAD, SWANSEA
Investment Summary
• The subject property is centrally located in an urban district in Swansea, positioned between St Helens Road and Oystermouth Road, giving good access to both the city centre and Swansea Bay.
• Warehouse/industrial unit let to Micheldever Tyre Services Ltd T/A Protyre
• The WAULT is 6 Years to break/expiry (6th February 2032)
• Current passing rent of £24,000 pax
• Tenant – Micheldever Tyre Services Ltd T/A Protyre – DELPHI score 100 out of 100. Credit Limit – £7,000,000. Delphi Band – Very Low Risk
• Freehold
• ASKING PRICE Offers in the region of £280,00 (Two hundred and eighty thousand pounds), subject to contract & exclusive of VAT. A purchase of this level would reflect a Net Initial Yield of 8.42% after deducting the usual purchasers costs of 1.7%.
SWANSEA & HAVERFORDWEST
Investment Summary
• Popular and accessible trading location in South Wales
• Two warehouse/industrial units let to Micheldever Tyre Services Ltd T/A Protyre
• The WAULT is 6 Years to break/expiry (6th February 2032)
• Current passing combined rental of £199,000 pax
• Reversionary rent in the region of £257,500 pax
• Two properties can be sold individually or sold in SPV
• VAT elected: Sale to be treated as a transfer of going concern (TOGC).
• Tenant – Micheldever Tyre Services Ltd T/A Protyre – DELPHI score 100 out of 100. Credit Limit – £7,000,000. Delphi Band – Very Low Risk
• Freehold
• Offers for the portfolio in the region of £2.65m (Two million six hundred and fifty thousand pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.06% after deducting the usual purchasers costs of 6.4% and reversionary yield of 9.13%
• Offers for individual lots welcome, POA
RICHARDSON ROAD, SWANSEA
Investment Summary
• The subject property is centrally located in an urban district in Swansea, positioned between St Helens Road and Oystermouth Road, giving good access to both the city centre and Swansea Bay.
• Warehouse/industrial unit let to Micheldever Tyre Services Ltd T/A Protyre
• The WAULT is 6 Years to break/expiry (6th February 2032)
• Current passing rent of £24,000 pax
• Tenant – Micheldever Tyre Services Ltd T/A Protyre – DELPHI score 100 out of 100. Credit Limit – £7,000,000. Delphi Band – Very Low Risk
• Freehold
• ASKING PRICE Offers in the region of £280,00 (Two hundred and eighty thousand pounds), subject to contract & exclusive of VAT. A purchase of this level would reflect a Net Initial Yield of 8.42% after deducting the usual purchasers costs of 1.7%.
Property Facts
| Price | £2,930,000 | Number of Properties | 3 |
| Price psf | £39.49 / sq ft | Individually For Sale | 0 |
| Yield | 7.10% | Total Property Size | 74,190 sq ft |
| Sale Type | Investment | Total Land Area | 3.59 ac |
| Status | Active |
| Price | £2,930,000 |
| Price psf | £39.49 / sq ft |
| Yield | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Property Size | 74,190 sq ft |
| Total Land Area | 3.59 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 132 Ellis Av, Haverfordwest SA61 1NU | Industrial | 10,139 sq ft | 1970 | - |
| 112 Ystrad Rd, Swansea SA5 4NE | Industrial | 56,766 sq ft | - | - |
| 1A Richardson Rd, Swansea SA1 3TQ | Industrial | 7,285 sq ft | 1950 | - |
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