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    Key features

    • To be offered on Tuesday 3 September
    • High Yielding Industrial Investment
    • Let to Currys Group and Harlech Foodservice
    • Producing £90,000 per annum Gross Rent
    • 17,343 sq ft (1,611.2 sq m)
    • Site Area - 3.69 acres (1.49 hectares)
    • Guide Price Reflects 25.7% GIY on Gross Rent

    Description

    The property comprises a high yielding industrial investment opportunity let to two tenants including Currys Group.

    Arranged as two warehouse units with ancillary offices, the property is fully let to two tenants producing a total gross rent of £90,000 per annum.

    The property is held on a long leasehold basis - 99 years from 01/04/1974 and paying a ground rent of £14,750 per annum. The net rent is therefore £75,250 per annum.

    Alltycnap Road and the surrounding area form the principal industrial, logistics and retail warehousing amenity for the region, with the central positioning and immediate access to the A40 providing easy routes throughout West Wales and to the M4 motorway.

    Additional information

    Tenure

    Long Leasehold - Ground Rent £14,750 per annum - Please Consult the Legal Pack

    Tenancy

    The property is let on two separate leases:


    Unit 1


    Let to Harlech Foodservice Limited on a five year lease expiring 25/02/2029 and paying £50,000 per annum


    Unit 2


    Let to Currys Group Limited on a five year lease expiring 15/07/2028 and paying £40,000 per annum The lease is on full repairing and insuring terms and includes a tenant break option 16/07/2026.


    The total gross rent is therefore £90,000 per annum which reflects a net rent of £75,250 per annum.


    Additionally, there is a lease of a sub-station to Western Power Limited for 25 years expiring 25/02/2033 and paying £80 per annum.


    Currys Group Limited


    • D&B Rating - 5A1
    • Turnover (2023) - £4.69bn
    • Pre-Tax Profit (2023) - £26.9m


    Harlech Foodservice Limited


    • D&B Rating - 2A3
    • Turnover (2022) - £32.8m

    Rent

    £90,000 per annum Gross Rent
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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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