Investment - Let

Bryntywod, Llangyfelach, Swansea

Offers In The Region Of
£365,000
  • 10,440 sqft

Property details

The subject premises comprises a substantial size industrial/ trade counter unit, measuring approximately 969.97 sq.m (10,440.75 sq. ft.), which is situated along a prominent roadside location within close proximity to the main dual carriageway (A48) and the M4 Motorway (J46).

The building accommodates a low eaves height trade counter, which is supported by various size offices, store rooms, staff kitchen and w.c. facilities. The rear addition accommodates a much larger store area, which can also be accessed off the ancillary yard/ customer car park area to the front. A much larger warehouse unit is also located to the rear, which can be accessed off the additional secure compound. The warehouse affords a much larger eaves height of 4.24m, increasing to 6.82m to the apex.

The subject premises can be accessed directly off the main highway to the west over an open yard/ customer car parking area, which provides parking for approximately 11 spaces. A much larger secured compound is located to the rear, which is secured by steel palisade fencing and surfaced with a concrete hard standing. The secure yard can also be accessed independently via a set of steel gates to the southern boundary.

The property is let in its entirety to SIG Trading Ltd at a current rent passing of £25,500 per annum (exclusive)

  • Description

    The subject premises comprises a substantial size industrial/ trade counter unit, measuring approximately 969.97 sq.m (10,440.75 sq. ft.), which is situated along a prominent roadside location within close proximity to the main dual carriageway (A48) and the M4 Motorway (J46).

    The building accommodates a low eaves height trade counter, which is supported by various size offices, store rooms, staff kitchen and w.c. facilities. The rear addition accommodates a much larger store area, which can also be accessed off the ancillary yard/ customer car park area to the front. A much larger warehouse unit is also located to the rear, which can be accessed off the additional secure compound. The warehouse affords a much larger eaves height of 4.24m, increasing to 6.82m to the apex.

    The subject premises can be accessed directly off the main highway to the west over an open yard/ customer car parking area, which provides parking for approximately 11 spaces. A much larger secured compound is located to the rear, which is secured by steel palisade fencing and surfaced with a concrete hard standing. The secure yard can also be accessed independently via a set of steel gates to the southern boundary.

    The property is let in its entirety to SIG Trading Ltd at a current rent passing of £25,500 per annum (exclusive).

  • Location

    The subject premises is located along Bryntywod, which is approximately 125 metres off the main dual carriageway (A48) and less than half a mile from M4 Motorway (J46), in an easterly direction. The premises is strategically linked between Morriston and Gorseinon, within ease of access to all major road links to the north of Swansea City Centre.

    Swansea City Centre is located approximately 4.5 miles to the south.

    Swansea is the second largest city in Wales and the twenty-fifth largest city in the United Kingdom, with a population of 241,300 in 2014, which forms a wider urban area of 300,352 (2011 Census).

  • Accommodation Comprises

    The subject property affords the following approximate dimensions and areas:

    Gross Internal Area: 969.97 sq.m (10,440.75 sq. ft.)

    Trade Counter/ Offices: 159.91 sq.m (1,721.27 sq. ft.)
    Accessed off the rear yard area, subdivided by demountable partitioning to accommodate the trade counter/ sales area and various size office rooms.

    Stores: 114.86 sq.m (1,236.35 sq. ft.)
    Comprising various size store rooms, staff kitchen and w.c. facilities.

    Rear Stores: 277.71 sq.m (2,989.27 sq. ft.)
    Accessed via a roller shutter loading door, with a clearance of 2.23m, off the front yard/ customer parking area.

    Ancillary Offices: 35.50 sq.m (382.12 sq. ft.)

    Rear Warehouse: 382.99 sq.m (4,122.50 sq. ft.)
    Accessed via a roller shutter loading door, with a clearance of 3.98m, off the rear yard area. Eaves height of 4.24m.

    Site Area:1.01 Acre(0.40 Hectare)

  • Rates

    As stated on the VOA website the Rateable Value for the subject premises is as follows:

    Rateable Value (2017): £25,000

    From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2020-21 the multiplier will be 0.535.

    We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit www.voa.gov.uk.

  • VAT

    All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).

  • Terms & Tenure

    The premises is available Freehold subject to the following Occupational Leasehold Agreement.

    The property is let to SIG Trading Ltd for a term of 10 years from 29th September 2023 at a a current rent passing of £25,500 per annum (exclusive), which was agreed on 29th September 2018, being the Rent Review Date.

    SIG Trading Ltd is a leading distributor of specialist building products in Europe, with strong positions in its two core product areas of Insulation and Interiors and Roofing and Exteriors with over 6,500 employees and 425 trading sites (source: www.sigplc.com). For the year ended 31st December 2018 SIG Trading Ltd reported a turnover of £1.112bn, a pre-tax profit of £2m, shareholders funds of £260m and a Credit Score of 88 - Very Low Risk. (Source: Creditsafe 07.08.2020).

  • Viewing

    By appointment with Sole Agents:

    Astleys Chartered Surveyors
    Tel: 01792 479 850
    Email: commercial@astleys.net

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