ONLINE AUCTION from 19th OCTOBER-21st OCTOBER
This multi-let office building is situated on an established business park in a prominent location which will be close to the commercial hub of the Coed Darcy Urban Village - A comprehensive mixed use development of the 1,000 acre former BP Llandarcy Oil Refinery which will include, employment, residential, retail/leisure and educational facilities
J43 of the M4 motorway lies within less than 500 metres of Coed Darcy and provides easy access to both East and West Wales, with Cardiff being located less than 40 minutes drive east on the M4. There is also direct access on to the A465 leading to the Midlands.
Llancoed House is a high quality office building with a BREEAM very good energy rating and constructed to a high specification. The property offers a mix of open plan and cellular office accommodation, providing flexible working space for occupiers. Additionally, the property benefits from on-site parking.
Please Note: This sale is subject to VAT
The purchaser will be responsible for operating its own service charge in relation to the LOT and will be required under the 250 year lease to be granted to contribute on demand to the cost of the repair and maintenance of the estate road and other items used in common.
The property currently has six out of nine units currently let, the tenancy schedule is as below:
|Tue 05 Oct - Mon 11 Oct - Mon 18 Oct||15:30|
The property currently has seven out of nine units currently let, the tenancy schedule is as follows:
|UNIT||TENANT||Unit Size||Lease Type||Lease Start||Lease End||Term||UNEXPIRED||ANNUAL RENT|
|Suite 18||The Digital Accessibility Centre Limited.||1,187||Tenancy at Will||28-Sep-21||£13,000|
|Suite 19||The Digital Accessibility Centre Limited.||3,155||Ex L&T||28-May-19||27-May-24||5 yrs||2 years, 8 months||£34,705|
|Suite 20||I Care Dom Care Ltd.||380||Ex L&T||18-Dec-18||17-Dec-21||3 yrs||0 years, 3 months||£4,180|
|Suite 21||Sarah Williams||407||Tenancy at Will||20-Feb-20||previous lessee||£4,500|
|Suite 23 & 25||Shield Security Service Limited.||904||Tenancy at Will||01-Nov-19||previous lessee||£9,940|
|Suite 27||St Modwen Developments Ltd (Under offer)||1,260||Ex L&T||TBC||TBC||5 yrs||£13,900|
Outside: Parking has been allocated to tenants
Multi tenanted, see tenancy schedule above
Advised Leasehold - "New 250 year leasehold interest to be granted to the purchaser by the freeholder St. Modwen Developments Limited. The existing headlease to Coed Darcy Limited registered under title number WA546907 is to be surrendered prior to the grant of the new 250 year lease" - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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