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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.
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
Harlech Foodservice Limited
Rent