How much is your commercial property worth?

Leslie Court, Western Industrial Estate, Caerphilly, CF83 1BQ
£750,000

The property comprises a modern detached 2 storey office block which was constructed in the early 1990s and has been extensively refurbished Summer 2017. The building is of cavity brick and blockwork construction with concrete floors under a timber pitched roof which has a tiled covering. Internally the office accommodation has been refurbished to an excellent standard having fitted carpets, plastered / painted walls, suspended tiled ceilings incorporating recessed LED lighting. Both floors benefit from male and female WC facilities with a disabled toilet on the ground floor and a shower on the first floor. Externally there is dedicated parking provided for 33 cars.

Map


Full Description



Location


The property is situated in a prominent position at the entrance to the established Western Industrial Estate which lies on the outskirts of Caerphilly, approximately 1 mile to the west of the town centre. Western Industrial Estate enjoys convenient road communications with the A470 Cardiff to Merthyr dual carriageway (which in turn links with the M4 at Junction 32) some 2 miles to the west and Junction 28 of the M4 at Newport approximately 10 miles to the east.


Accommodation


From measurements taken on site we have calculated the following approximate floor areas:-

Ground Floor
2,286 sq ft (212.37 sq m)

First Floor
2,358 sq ft (219.06 sq m)

Total 4,644 sq ft (431.43 sq m)

* Please note the exact NIA is to be confirmed.


TENURE
Freehold

TENANCY
The property is let to Univar Limited on a full repairing and insuring lease, for a term of 15 years from 24th October 2017 (10 year Tenant break option) with 5 yearly rent reviews. The current rent is £52,500 per annum. Ulixes Limited are the guarantor company on the lease. A copy of the lease is available upon request.

Univar Limited are a leading global distributor of industrial and specialty chemicals. Further information and credit reports can be provided upon request.

SERVICES
We understand that all mains services are connected to the property. However we have not tested any of the service installations and prospective occupiers must satisfy themselves independently as to the state and condition of such items prior to the transaction completing


Rates


We have made enquiries of the Local Authority who have verbally informed us of the following:-

Rateable Value: £32,250
Uniform Business Rate 2017/18: 49.9
Gross Rates Payable: £16,092.80


VAT


All figures quoted are exclusive of Value Added Tax (VAT). Any interested party should satisfy themselves as to the incidence of VAT in respect of any transaction. We understand that VAT is payable.


Viewing


Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.


Disclaimer


Brinsons endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.



Features

  • Two storey purpose built office building, refurbished to a high standard in 2017, with 33 car parking spaces
  • Let to Univar Limited on a 15 year lease commencing from 24th October 2017
  • Current rental £52,500 per annum
  • Net Initial Yield 6.68% (based upon purchaser costs 4.75%)
  • EPC Band: TBC
  • PRICE - OFFERS IN THE REGION OF £750,000 EXCLUSIVE

Contact the Caerphilly office

Opening Hours

  • Monday 9 AM - 5:30 PM
  • Tuesday 9 AM - 5:30 PM
  • Wednesday 9 AM - 5:30 PM
  • Thursday 9 AM - 5:30 PM
  • Friday 9 AM - 5:30 PM
  • Saturday 9 AM - 4 PM
  • Sunday Closed