Unit 8 & 9, Seaway Parade Industrial Estate

At a glance

Key Points

• Strategic industrial & distribution location within 2 miles of the M4 motorway
• Long income multi-let industrial asset with WAULT 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)
• RPI linked rent reviews on Unit 9
• Unit 9 recently refurbished
• 55% of income secured on 15 year lease to Margam Energy Ltd (Schroders Greencoat)
• Asset management opportunities

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

The Location

Excellent road communications are provided to Junctions 41 & 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.

Specifications

LONG INCOME MULTI-LET INDUSTRIAL INVESTMENT

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.