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Floorplan
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    Key features

    • To be offered on Wednesday 29 July
    • A freehold office investment amounting to an approx. 16,861 sq ft
    • Let on a 10 year FR&I lease on from December 2023 (Reversion December 2033 - 7 years unexpired)
    • Upwards only open market rent in 5th anniversary
    • No Tenant break options
    • Low capital value of £34.39 per a sq ft on guide price
    • Let on a low rent of £3.79 per a sq ft - asset management potential to improve the passing rent at rent review
    • 6 week completion available
    • Investment let at £64,000 p.a. (11.03% GIY on guide)

    Description

    A freehold office building situated across 2 floors with an interlinking link-bridge at first floor between 2 x detached buildings. There are multiple car parking spaces both at the front, side and rear of the property.

    The property is occupied by Moorhouse Group Limited providing insurance products for SME's business throughout the UK and was established in 1990.

    The property is located within the Pontygwindy Industrial Estate approximately 1.3 miles north of Caerphilly town centre and 9 miles from Central Cardiff.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to the floor plan

    An approx. 16,861 sq ft

    Tenancy

    Barclay House & Tudor House

    • Let to Moorhouse Group Limited
    • Let on a 10 year FR&I lease from December 2023 (Reversion December 2033)
    • Upwards only open market rent in 5th anniversary
    • No Tenant break options
    • Investment let at £64,000 p.a.

    Rent

    £64,000 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Caerphilly is an historic market town located just 9 miles north of Cardiff City Centre.

      The County Borough of Caerphilly has a population of 175,000 and is a strong commuter town for Cardiff, as well as being an established business / industrial base itself.

      The subject property is situated on Pontygwindy Industrial Estate approximately 1.3 miles north of Caerphilly town centre and fronts directly onto Pontygwindy Road. Pontygwindy Industrial Estate is now a mixed use business location that has been developed over various periods to now include industrial units, numerous office buildings, retail, car sales, leisure, etc. mixed in.

      Transport

      Excellent road connections via the A469 and A470, with the M4 motorway readily accessible. Caerphilly railway station provides regular services to Cardiff and the South Wales rail network

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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