Offers in region of
£1,850,000
(£64.75/sq. ft)
Warehouse for saleWithybush Road, Haverfordwest SA62
37,039 sq. ft
Just added
About this property
Location
Haverfordwest is the county town of Pembrokeshire, Wales. The town is located approximately 57 miles west of Swansea, 96 miles west of Cardiff and 134 miles west of Bristol.
Haverfordwest is a tourist hub, and as a result of its status as the retail and leisure core of Pembrokeshire, retailers in Haverfordwest benefit directly from 7.2 million day visits to Pembrokeshire National Park each year.
The town has good road connections and is strategically located at the western of the A40 trunk road. The A40 links the town to the national motorway network via junction 49 of the M4 motorway. The ports of Fishguard and Milford Haven are situated 15 miles to the north and 7 miles to the south respectively. There are regular direct rail services to Cardiff and Manchester Piccadily in approximately 2 hours 30 minutes and 5 hours 46 minutes respectively.
Cardiff International Airport is located 96 miles east of Havefordwest town centre.
Description
The property comprises a modern, detached warehouse measuring 37,039 sq ft (3,441 sq m) gia. The proeprty benefits from a secure gated entrance, staff car park and large yard and circulation areas. The unit is of steel portal frame construction beneath a pitched steel roof. There is a 150kw pv array on the roof of a Feed in Tariff (fit), which the tenant has the benefit of.
The site area is approximately 2.78 acres (1.123 ha) with floor areas as follows:
Sq M Sq Ft
Warehouse 1,894 20,387
First Floor Offices 242 2,606
Warehouse Mezzanine 942 10,137
Workshop/store 363 3,909
Total 3,441 37,039
Rateable value
We have been informed via an online enquiry with the Valuation Office web site, that the property has the following rateable value: £49,500
ubr for Wales 2026/27 is 0.502p in the £.
Interested parties are advised to verify this information.
Tenure
Freehold – further information available on request.
Tenancies
The property is let to Nijjar Property Limited, for a term of twenty-five years from 11 September 2024, expiring 10 September 2049. The current rent is £157,500pax (£4.25 per sq ft overall), which is subject to upward only review in 2029,2034,2039 and 2044. The tenant is permitted to break the lease on 11 September 2036 subject to six months notice. The lease is held on full repairing and insuring terms subject to a schedule of condition. The lease is guaranteed by Nijjar Group Freshway Holdings Limited until 10 September 2036.
Nijjar Property Limited are a milk and cream processing private limited company, with a risk score of 50(out of 100)C ‘Low to moderate risk’. 2024 accounts show turnover of £207,621,591, with a pre-tax profit of £924,211 and shareholder funds of £1,866,212.
Nijjar Group Freshway Holdings Limited (the guarantor) are a group engaged in processing milk, wholesale and retail associated products, with a Risk Score of 88(out of 100)A – ‘Very Low Risk’. 2024 accounts show a turnover of £359,786,454, with a pre-tax profit of £1,663,567 and shareholder’s funds of £17,663,458.
Proposal
Seeking offers in the region of £1,850,000 (One Million, Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a low capital value of £50 per sq. Ft, and the following yield profile:
Net Initial Yield: 8%
Assuming standard purchaser’s costs at 6.6%
Anti money laundering regulations
Regulations require checks on all prospective tenants/purchasers. Photo id plus proof of address is required before a transaction can proceed. Aml searches are outsourced to our partner Credas (Certified Digital Identity Verification Service).
Haverfordwest is the county town of Pembrokeshire, Wales. The town is located approximately 57 miles west of Swansea, 96 miles west of Cardiff and 134 miles west of Bristol.
Haverfordwest is a tourist hub, and as a result of its status as the retail and leisure core of Pembrokeshire, retailers in Haverfordwest benefit directly from 7.2 million day visits to Pembrokeshire National Park each year.
The town has good road connections and is strategically located at the western of the A40 trunk road. The A40 links the town to the national motorway network via junction 49 of the M4 motorway. The ports of Fishguard and Milford Haven are situated 15 miles to the north and 7 miles to the south respectively. There are regular direct rail services to Cardiff and Manchester Piccadily in approximately 2 hours 30 minutes and 5 hours 46 minutes respectively.
Cardiff International Airport is located 96 miles east of Havefordwest town centre.
Description
The property comprises a modern, detached warehouse measuring 37,039 sq ft (3,441 sq m) gia. The proeprty benefits from a secure gated entrance, staff car park and large yard and circulation areas. The unit is of steel portal frame construction beneath a pitched steel roof. There is a 150kw pv array on the roof of a Feed in Tariff (fit), which the tenant has the benefit of.
The site area is approximately 2.78 acres (1.123 ha) with floor areas as follows:
Sq M Sq Ft
Warehouse 1,894 20,387
First Floor Offices 242 2,606
Warehouse Mezzanine 942 10,137
Workshop/store 363 3,909
Total 3,441 37,039
Rateable value
We have been informed via an online enquiry with the Valuation Office web site, that the property has the following rateable value: £49,500
ubr for Wales 2026/27 is 0.502p in the £.
Interested parties are advised to verify this information.
Tenure
Freehold – further information available on request.
Tenancies
The property is let to Nijjar Property Limited, for a term of twenty-five years from 11 September 2024, expiring 10 September 2049. The current rent is £157,500pax (£4.25 per sq ft overall), which is subject to upward only review in 2029,2034,2039 and 2044. The tenant is permitted to break the lease on 11 September 2036 subject to six months notice. The lease is held on full repairing and insuring terms subject to a schedule of condition. The lease is guaranteed by Nijjar Group Freshway Holdings Limited until 10 September 2036.
Nijjar Property Limited are a milk and cream processing private limited company, with a risk score of 50(out of 100)C ‘Low to moderate risk’. 2024 accounts show turnover of £207,621,591, with a pre-tax profit of £924,211 and shareholder funds of £1,866,212.
Nijjar Group Freshway Holdings Limited (the guarantor) are a group engaged in processing milk, wholesale and retail associated products, with a Risk Score of 88(out of 100)A – ‘Very Low Risk’. 2024 accounts show a turnover of £359,786,454, with a pre-tax profit of £1,663,567 and shareholder’s funds of £17,663,458.
Proposal
Seeking offers in the region of £1,850,000 (One Million, Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a low capital value of £50 per sq. Ft, and the following yield profile:
Net Initial Yield: 8%
Assuming standard purchaser’s costs at 6.6%
Anti money laundering regulations
Regulations require checks on all prospective tenants/purchasers. Photo id plus proof of address is required before a transaction can proceed. Aml searches are outsourced to our partner Credas (Certified Digital Identity Verification Service).
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