Hasbro Distribution, Reevesland Industrial Estate
caswell way, Newport, NP19 4YH, UK
€3,678,000 | 6,961 m²
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).
...
Attributes
Asking price
€8,019,000
Building area gross
6,815 m²
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)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
11 Nov 2024
