Offers in region of
£350,000
(£19.06/sq. ft)
Light industrial for saleBridgend Industrial Estate, Bridgend CF31
18,367 sq. ft
Just added
About this property
Location (CF31 3RT)
Bridgend is one of the premier business locations in mSouth Wales, situated midway between Cardiff and Swansea.
The unit is on the Bridgend Industrial Estate, the largest and most popular commercial estate within the county and one which benefits from direct access onto the A473 dual carriageway, with J.35 to the M4 approximately 2 miles to the east.
The subject property is prominently situated with frontage onto Western Avenue, one of the main arterial routes on the estate.
Description
This comprises a prominently situated detached unit plus additional land suitable for potential expansion. The property benefits from the following:
• Steel truss frame to create 4 pitched open bays;
• Brick/block and insulated metal clad elevations and roof;
• Min. Eaves ht. Of c.5.0 m.;
• LED lighting throughout;
• 6.3 tonne dmag gantry crane;
• 2x. Electrically-operated vehicular access doors;
• Refurbished office/ancillary accommodation;
Accommodation (Gross Internal Areas)
total gia 18,367 Sq.Ft.
Inc.:
Main Warehouse 16,028 Sq.Ft.
Office/Ancil. Block 2,339 Sq.Ft.
On Site Of 1.89 ac.
Mains Services
All mains services including 3 phase electricity, water and drainage is connected to the property. There is no mains gas connected although this is available on the estate.
Energy Performance Certificate (EPC)
85 Band D
Business Rates (2023)
• Rateable Value (2023) £51,500
• Rates Payable (2025/26) £29,252 pa.
Tenure
The property is held by way of a long building ground lease under the following terms:
• Term 99 yrs from May 1981;
• Current Ground Rent £52,000 pa.
• Gnd. Rent Reviews Every 20 years;
• Next Review 2031;
• Repairs full repairing & insuring;
• User Class III & IV (B1/B2).
Current Occupancy Terms
• Under-Lease Date 29th September 2022;
• Sub-Tenant Sofa Icon Ltd;
• Term 10 yrs March 2023 (c.7 years unexpired):
• Current Rent £58,000 pax.
• Rent Reviews Every 5 years with next review March 2028
• Repairing Liabilities Full repairing & insuring;
Erv
It is estimated that the current erv of this property is between £100,000 and £120,000 pa.
This rent is due for review in March 2028
Availability
The unexpired long leasehold interest of this property is immediately available with the benefit of the existing occupation of Sofa Icon Ltd.
Asking Price
We are inviting offers in the region of £350,000.
Further Assistance For Business
For further information please contact Welsh Assembly Government (Business Wales) on www.businesswales.gov.wales or Bridgend County Borough Council
VAT
All figures quoted are exclusive of VAT.
Legal Costs
Each party are to be responsible for their own legal costs incurred in this matter
Viewing
For further information or to arrange an inspection please contact the sole letting agents.
Bridgend is one of the premier business locations in mSouth Wales, situated midway between Cardiff and Swansea.
The unit is on the Bridgend Industrial Estate, the largest and most popular commercial estate within the county and one which benefits from direct access onto the A473 dual carriageway, with J.35 to the M4 approximately 2 miles to the east.
The subject property is prominently situated with frontage onto Western Avenue, one of the main arterial routes on the estate.
Description
This comprises a prominently situated detached unit plus additional land suitable for potential expansion. The property benefits from the following:
• Steel truss frame to create 4 pitched open bays;
• Brick/block and insulated metal clad elevations and roof;
• Min. Eaves ht. Of c.5.0 m.;
• LED lighting throughout;
• 6.3 tonne dmag gantry crane;
• 2x. Electrically-operated vehicular access doors;
• Refurbished office/ancillary accommodation;
Accommodation (Gross Internal Areas)
total gia 18,367 Sq.Ft.
Inc.:
Main Warehouse 16,028 Sq.Ft.
Office/Ancil. Block 2,339 Sq.Ft.
On Site Of 1.89 ac.
Mains Services
All mains services including 3 phase electricity, water and drainage is connected to the property. There is no mains gas connected although this is available on the estate.
Energy Performance Certificate (EPC)
85 Band D
Business Rates (2023)
• Rateable Value (2023) £51,500
• Rates Payable (2025/26) £29,252 pa.
Tenure
The property is held by way of a long building ground lease under the following terms:
• Term 99 yrs from May 1981;
• Current Ground Rent £52,000 pa.
• Gnd. Rent Reviews Every 20 years;
• Next Review 2031;
• Repairs full repairing & insuring;
• User Class III & IV (B1/B2).
Current Occupancy Terms
• Under-Lease Date 29th September 2022;
• Sub-Tenant Sofa Icon Ltd;
• Term 10 yrs March 2023 (c.7 years unexpired):
• Current Rent £58,000 pax.
• Rent Reviews Every 5 years with next review March 2028
• Repairing Liabilities Full repairing & insuring;
Erv
It is estimated that the current erv of this property is between £100,000 and £120,000 pa.
This rent is due for review in March 2028
Availability
The unexpired long leasehold interest of this property is immediately available with the benefit of the existing occupation of Sofa Icon Ltd.
Asking Price
We are inviting offers in the region of £350,000.
Further Assistance For Business
For further information please contact Welsh Assembly Government (Business Wales) on www.businesswales.gov.wales or Bridgend County Borough Council
VAT
All figures quoted are exclusive of VAT.
Legal Costs
Each party are to be responsible for their own legal costs incurred in this matter
Viewing
For further information or to arrange an inspection please contact the sole letting agents.
Mortgage calculator
Monthly repayment
£1,750 per month
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