Property photos
£900,000
(£80.58/sq. ft)
Industrial for sale
Unit 8 And 9 Seaway Parade, Baglan, Port Talbot SA1211,169 sq. ft
Local area information
Property location
Nearby amenities
- Ysgol Bae Baglan 0.3 miles
- Baglan 0.3 miles
- Baglan Primary School 0.5 miles
- Briton Ferry 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Strategic industrial and distribution location within 2 miles of M4 motorway
- Long income multi-let industrial asset with walut of over 10 years
- Semi-detached units with self-contained yard areas
- 11,169 sq ft on a site of 0.57 acres
- Long leasehold at a peppercorn
- Fully let to 2 tenants
- Passing rent of £67,500 per annum (£6.04 per sq ft)
- 55 % of income secured on 15 yr lease to Margam Energy Ltd
Description
The property comprises two semi-detached industrial units of steel portal frame construction, on a self-contained site.
Maximum eaves height of 6.14 metres (5.26 metres minimum).
LED lighting
Dedicated, secure yard areas
Unit 9 has been refurbished providing new roof, roof lights and shutter door
Location
Excellent road communications are provided to Junctions 41 and 42 of the M4 motorway, within 2 miles of the property. Swansea is located 7 miles to the West via the A48 and A483 trunk roads. Seaway Parade Industrial Estate is strategically located at the entrance to Baglan Energy Park and is recognised as an established industrial, distribution, and trade location. Occupiers in the immediate vicinity include Speedy Hire, Plumbase, and Holt jcb.
Accommodation
Unit 8 = 5,584 sq ft (518 sq m)
Unit 9 = 5,585 sq ft (518 sq m)
The site totals approximately 0.57 acres (0.23 hectares)
Tenure and terms
The title is held on a 999 year lease from 6th May 1998 at a peppercorn. The Freehold is currently vested in The Crown and the vendor is in the process of acquiring the Freehold title. Further information available on request.
Rent / price
Offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.11% and a Capital Value of £81 per sq ft, assuming purchasers costs of 5.44%.
Legal costs
Each party responsible for their own legal and professional costs.
Energy performance certificate
Unit 8 = C(65) Expiry March 2034
Unit 9 = B(48) Expiry February 2034
Further information
For additional information or to arrange a viewing please contact Jenkins Best
The property comprises two semi-detached industrial units of steel portal frame construction, on a self-contained site.
Maximum eaves height of 6.14 metres (5.26 metres minimum).
LED lighting
Dedicated, secure yard areas
Unit 9 has been refurbished providing new roof, roof lights and shutter door
Location
Excellent road communications are provided to Junctions 41 and 42 of the M4 motorway, within 2 miles of the property. Swansea is located 7 miles to the West via the A48 and A483 trunk roads. Seaway Parade Industrial Estate is strategically located at the entrance to Baglan Energy Park and is recognised as an established industrial, distribution, and trade location. Occupiers in the immediate vicinity include Speedy Hire, Plumbase, and Holt jcb.
Accommodation
Unit 8 = 5,584 sq ft (518 sq m)
Unit 9 = 5,585 sq ft (518 sq m)
The site totals approximately 0.57 acres (0.23 hectares)
Tenure and terms
The title is held on a 999 year lease from 6th May 1998 at a peppercorn. The Freehold is currently vested in The Crown and the vendor is in the process of acquiring the Freehold title. Further information available on request.
Rent / price
Offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.11% and a Capital Value of £81 per sq ft, assuming purchasers costs of 5.44%.
Legal costs
Each party responsible for their own legal and professional costs.
Energy performance certificate
Unit 8 = C(65) Expiry March 2034
Unit 9 = B(48) Expiry February 2034
Further information
For additional information or to arrange a viewing please contact Jenkins Best
More information
Listed by
JBR Commercial Property Group Ltd T/A Jenkins Best
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Property descriptions and related information displayed on this page are marketing materials provided by - JBR Commercial Property Group Ltd T/A Jenkins Best. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact JBR Commercial Property Group Ltd T/A Jenkins Best for full details and further information.