The property comprises a detached building incorporating 3 No units of steel portal frame construction with brick and steel profile elevations. Unit 6 is let out on a lease expiring 8th February 2025. Internally Units 7 & 8 are currently fitted out as offices with 2 No personnel access doors and mezzanine offices. Externally the property benefits from a hardstanding to the front for car parking. Unit 6 also benefits from a small adjacent compound.
The property is situated in a prominent position on the established Western Industrial Estate which lies on the outskirts of Caerphilly, approximately 1 mile to the west of the town centre. Western Industrial Estate enjoys convenient road communications with the A470 Cardiff to Merthyr dual carriageway (which in turn links with the M4 at Junction 32) some 2 miles to the west and Junction 28 of the M4 at Newport approximately 10 miles to the east.
The Estate now accommodates a mixture of commercial uses including office, industrial, gymnasium, crèche and children's play centre.
From measurements taken on site we have calculated the following approximate Gross Internal Floor Areas (GIA):-
Unit 6 - 884 sq ft (82.13 sq m)
Unit 7 & 8 - 2,345 sq ft (217.9 sq m)
Total Gross Internal Area circa - 3,229 sq ft (300 sq m)
We have made online enquires of the Valuation Office who confirm the following Rateable Value:
Rateable Value: £5,200
Gross Rates Payable: £2,782
Rateable Value: £9,800
Gross Rates Payable: £5,243
We understand that Unit 6 benefits from Welsh Government Rates Relief for small businesses. However, we advise that all interested parties should be made direct to Caerphilly Council.
The property is available to purchase on a freehold basis subject to the existing lease on Unit 6 which is currently let at £7,000 per annum on a 5 year lease from 9th February 2019 expiring on 8th February 2025.
We understand that mains electric, water, drainage and gas are connected to the property. However, we have not tested any of the service installations and prospective occupiers must satisfy themselves independently as to the state and condition of such items prior to the transaction completing.
We have been advised that VAT is payable.
Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.
Brinsons endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.