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ONLINE AUCTION from 25th JULY-27th JULY
The property is comprised of ten garages, twelve workshop units, a warehouse which contains a former print shop and offices, additionally there is a parking compound. The majority of the site is tenanted and is currently achieving an annual rental income of £30,521.56. Based on our guide price this provides a 25.43% yield.
There are currently four vacant garages and a warehouse with shop and office which is also vacant, and this provides potential for further rental income.
Location:
Situated in the town of Ystradgynlais, this property is ideally located within a popular industrial site. The site is accessed via Trawsffordd Road, which leads to the A4067, connecting Swansea to the Brecon Beacons National Park. Furthermore, the property has good road links to the M4 providing access to Cardiff, Newport, Bristol and London.
The property is positioned amongst a number of industrial buildings which are occupied by welders, carpeting services, cleaning services, plumbers and builders.
VIRTUAL TOUR
Floor | Area Sq Ft | Area Sq M |
---|---|---|
Workshops | ||
Unit 321 | 423 | 39.298 |
Unit 322 | 423 | 39.298 |
Unit 323 | 423 | 39.298 |
Unit 324 | 423 | 39.298 |
Unit 325 | 423 | 39.298 |
Unit 325a | 104 | 9.66 |
Unit 325b | 104 | 9.66 |
Unit 326 | 423 | 39.928 |
Unit 327 | 315 | 29.26 |
Unit 328 | 315 | 29.26 |
Unit 329 | 315 | 29.26 |
Unit 330 | 1621 | 150.59 |
Parking Compound | 4500 | 418.06 |
Former Print Shop | 862 | 80.08 |
Warehouse | 2150 | 199.74 |
Offices | 1800 | 167.22 |
Garages | ||
Garage 1 | 160 | 14.86 |
Garage 2 | 160 | 14.86 |
Garage 3 | 160 | 14.86 |
Garage 4 | 160 | 14.86 |
Garage 5 | 160 | 14.86 |
Garage 6 | 160 | 14.86 |
Garage 7 | 160 | 14.86 |
Garage 8 | 160 | 14.86 |
Garage 9 | 160 | 14.86 |
Garage 10 | 160 | 14.86 |
Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
---|---|---|---|---|
Workshops | FRI/IRI | Years | ||
Unit 321 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £2,538 per annum |
Unit 322 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £2,538 per annum |
Unit 323 | IRI | 01/10/2014 - 31/08/2023 | Lease Ending & Tenant Vacating on 31/08/2023 | £1,903.56 per annum |
Unit 324 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £2,538 per annum |
Unit 325 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £2,538 per annum |
Unit 325a | IRI | 01/10/2014 - 31/09/2017 - New lease dates pending | 3 years | £468 per annum Lease completion pending New rent £624 |
Unit 325b | IRI | 01/05/2022 - 31/04/2025 | 3 years | £624 per annum |
Unit 326 | Vacant | Vacant | Vacant | Vacant |
Unit 327 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £1,890 per annum |
Unit 328 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £1,890 per annum |
Unit 329 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £1,890 per annum |
Unit 330 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £6,484 per annum |
Parking Compound | IRI | 21/08/2020 - Rolling annual license | Rolling Annual License | £900 per annum |
Former Print Shop | Vacant | Vacant | Vacant | Vacant |
Warehouse | Vacant | Vacant | Vacant | Vacant |
Offices | Vacant | Vacant | Vacant | Vacant |
Garages | IRI | |||
Garage 1 | Vacant | Vacant | Vacant | Vacant |
Garage 2 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £960 per annum |
Garage 3 | Vacant | Vacant | Vacant | Vacant |
Garage 4 | Vacant | Vacant | Vacant | Vacant |
Garage 5 | Vacant | Vacant | Vacant | Vacant |
Garage 6 | IRI | 01/10/2014 - 31/09/2017 - New lease dates pending | 3 years | £720 per annum. Lease completion pending. New rent £960.00 |
Garage 7 | Vacant | Vacant | Vacant | Vacant |
Garage 8 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £960 per annum |
Garage 9 | IRI | 01/05/2022 - 31/04/2025 | 3 years | £960 per annum |
Garage 10 | IRI | 02/07/2018 - 01/01/2019 | Holding over under existing lease | £720 per annum |
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.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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