Hasbro Distribution, Reevesland Industrial Estate
caswell way, Newport, NP19 4YH, UK
¥600,930,000 | 6,961 sm
Asset description
Stuart Close Trade Park provides 10 units arranged across a terrace of trade/light industrial units (3A to 10 inclusive) and a pair of semi-detached units (1&2), totalling 73,356 sq ft gross internal areas (GIA).
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Attributes
Asking price
¥1,310,223,000
Building area gross
6,815 sm
WAULT
13.9 years
Media
Investment highlights
Highly Reversionary, Multi-let Trade Park
- 10 units ranging from 5,400 to 17,800 sq ft
- Occupied by 5 trade tenants with strong covenants
- Prominent location on Penarth Road which is a busy arterial road and prime mixed use commercial location
- Nearby occupiers include Screwfix, National Tyres, Dreams, Hancock Cash & Carry, Costa, Enterprise, Lok’n Store, Dacia, Renault, Scania, Hyundai, Kia, Sytner BMW, Lexus, Jaguar Land Rover and Royal Mail
- Aggregate rent of £474,144 per annum, reflecting a low average rent of £6.46 per sq ft
- Long WAULT of 15.4 years to expiry and 13.9 years to breaks
- Freehold with a small element of long leasehold
We are instructed to seek offers in excess of £6,650,000, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.64%, a reversionary yield of 9.14% and a low capital value of £90.65 per sq ft, assuming purchaser’s costs of 7.47%.
Contact brokers
Stuart Close Trade Park, Cardiff (0 Properties)
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Last updated
Nov 11, 2024
