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Seaway Para 19,980 sq ft Industrial Unit Offered at £1,000,000 in Port Talbot SA12 7BR
INVESTMENT HIGHLIGHTS
- The property is situated close to the Baglan Energy Park and Baglan Industrial Estate
- Secure fenced forecourt/car-parking
- Access to the unit is via Central Avenue and Sirius Drive
EXECUTIVE SUMMARY
The property is situated close to the Baglan Energy Park and Baglan Industrial Estate which are located between Junctions 41 and 42 of the M4 motorway, via the A48 and the ‘Travelodge’ junction and the A4241 Afan Way. Access to the unit is via Central Avenue and Sirius Drive, which links to the main A48 (M) and Junction 41 of the M4 approximately 1½ miles to the north east. The property is within a parade of units which also include Manderwood and Spectrum Glass. Its location is indicated on the plan below.
PROPERTY FACTS
| Total Property Size | 42,013 sq ft | Floors | 2 |
| Property Type | Industrial (Unit) | Typical Floor Size | 21,007 sq ft |
| Property Subtype | Warehouse | Year Built | 1972 |
| Costar Property Class | B | Total Plot Size | 0.57 ac |
| Total Property Size | 42,013 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 21,007 sq ft |
| Year Built | 1972 |
| Total Plot Size | 0.57 ac |
AMENITIES
- Security System
- Yard
1 UNIT AVAILABLE
Unit 4B
| Unit Size | 19,980 sq ft | Sale Type | Investment |
| Price | £1,000,000 | Tenure | Long Leasehold |
| Price Per sq ft | £50.05 | Net Initial Yield | 7.42% |
| Unit Use | Industrial | NOI | £74,200 |
| Unit Size | 19,980 sq ft |
| Price | £1,000,000 |
| Price Per sq ft | £50.05 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.42% |
| NOI | £74,200 |
DESCRIPTION
The property comprises a mid-terrace industrial unit also benefitting from 2x steel portal frame bays with capacity to support craneage, double-pitched insulated roof with min. eaves height of 6.4m. and solid concrete slab workshop floor.
SALE NOTES
The property is held by way of a 999 year lease from 1989 at a peppercorn rent – further information is available on request. The property also benefits from the provision of solar panels on the roof of the property for which the property owner will benefit from additional FIT payments. The solar panels are available to purchase separately for £100,000.
The current rent passing is £75,000 pa. (£3.75 psf.) which is due to increase in March 2027 to £80,000 pa. (£4.00 psf.), and £85,000 pa. (£4.25 psf.) in the final year of the term.
Offers are invited for this investment in the region of £1.00m
Warehouse
Warehouse
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Seaway Para
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