caswell way, Newport, NP19 4YH, UK

Hasbro Distribution, Reevesland Industrial Estate

Asset Description

Industrial and Distribution opportunity:

Strategically located in an established industrial location
Excellent connectivity to Junctions 24 and 28 of the M4 Motorway, via the A48 dual carriageway
Freehold industrial unit totalling 77,200 sq ft (7,172.11 sq m) GIA
On a secure site of 3.01 acres (1.22 hectares)
Fully let to Hasbro UK Limited by way of a tenant’s full repairing and insuring reversionary lease
Unexpired lease term of 4.8 years
Part of a larger complex which the occupier owns freehold
Low passing rent of £251,900 per annum (£3.26 per sq ft)

...

Asking price

MYR 17,162,000

Building area net

6,961 m²

Occupancy

100%

WAULT

4.8 years

We are instructed to seek offers above £3,050,000 (Three Million and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects only £39.50 per sq ft and a Net Initial Yield of 7.71%, assuming purchaser’s costs of 7.07%.
Low capital value which is well below building replacement costs.
Reversionary with a low passing rent.
The tenant is committed to the site and owns the adjacent industrial complex freehold.