Lot 13 - 25 Units, Bryngelli Estate, Hirwaun, Rhondda Cynon Taf, CF44 9PT

  • Unconditional Online Auction Sale
  • Guide Price* : £950,000+
  • Bedrooms: 0

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Lot 13 - Commercial Investment opportunity

Description

ONLINE AUCTION from 25th JULY-27th JULY

An opportunity to acquire 25 industrial units situated on the site of the former Ferrari's bakery.

The site has been renovated significantly over the last few years, with all units benefiting from new cladding (including most of the roofs), new electrics, new roller shutters CCTV and security fencing.

The site is situated in a convenient position adjacent to the AA65 Heads of the Valley trunk road, an increasingly important gateway for business in South Wales. The overall site measures approximately 31,700 square feet and annual income is circa £113,195 pounds per annum.

Planning Permission: Outline planning consent has been approved for an additional five units.

Accommodation

Unit Size (Sq Ft) Lease Start Date Lease Duration Income Per Month Income Per Annum
1 1599 07/05/21 5 years £520 £6,240
2 585 26/09/21 5 years £279.50 £3,354
3 585 01/02/21 5 years £279.50 £3,354
4 585 01/02/20 5 years £279.50 £3,354
5 585 01/02/21 5 years £279.50 £3,354
6 585 10/02/21 5 years £279.50 £3,354
7 585 10/02/21 5 years £279.50 £3,354
8 5 years £2,600
9 3039 10/02/20 5 years £800 £9,600
10 1829 10/02/20 5 years £100 per week £5,720
11 1829 01/08/19 5 years £5,720
12 1829 5 years £6,240
12a 2500 new 5 years £2,400
13 4116 new 5 years £600 £7,200
14 589 26/02/20 5 years £4,420
15 234 26/02/20 5 years £97.50 per week £5,070
16 648 5 years £3,120
17 899 01/04/20 5 years £350 £4,200
18 3658 5 years £800 (currently discounted to £700) £9,600
19 434 5 years £4,160
20 434 06/01/20 5 years £3,120
21 899 09/12/19 5 years £4,420
22 434 £4,420
23 899 new No lease £3,120
24 1711 01/04/20 5 years £6,120
25 01/04/20 5 years
TOTAL ANNUAL INCOME £113,194

Auction Fees And Additional Costs

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 £1,200) 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/land transaction tax (LTT). 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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Debra Bisley

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