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Withey Court Investment, Western Industrial Estate, Caerphilly, CF83 1BQ
£4,250,000

The site comprises a substantial detached industrial building totaling circa 99,100 sq ft plus an additional newly constructed detached building circa 5,000 sq ft, totaling circa 104,900 sq ft (9,745 sq m) on a site of circa 4.2 acres (1.71 ha). The building was originally developed in the 1970's of steel portal frame construction under a sheet roof with part brick, part profiled metal sheet elevations and extended in various phases thereafter to provide single storey offices to the front. The property has undergone extensive refurbishment and subdivision works to provide self-contained industrial units. The refurbishment works included the demolition of part to provide increased parking and circulation space, a new roof, cladding to all elevations and a fully refurbished office block. Externally there is ample onsite parking and unloading / offloading areas for deliveries.

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Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.


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Features

  • Industrial warehouse which has been sub-divided to incorporate trade counter, self-contained units and newly refurbished offices.
  • Total Gross Internal Area circa 104,900 sq ft (9,745.4 sq m) to include recently constructed detached unit located within the site.
  • Total site extends to circa 4.2 acres (1.71 ha).
  • Currently the site is fully let with Direct Healthcare Group Ltd occupying circa 82% of the site on a 7 Year lease from September 2018.
  • Full Energy Performance Certificates are available upon request.
  • Current income circa £361,684 per annum exclusive reflecting a Net Initial Yield of 7.96.% (based on purchasers' costs of 6.90%).
  • The quoting price reflects a capital value of £40.51 per sq ft.
  • Prominently located on a popular and well-established trading estate which is also occupied by Premier Trade Frames, Nuaire & PHS.
  • Proposal We are instructed to seek offers in the region of £4,250,000 (Four Million, Two Hundred and Fifty Thousand Pounds), subject to contract, existing tenancies and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.96% (taking into account purchasers' costs of 6.90%).

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Opening Hours

  • Monday 9 AM - 5:30 PM
  • Tuesday 9 AM - 5:30 PM
  • Wednesday 9 AM - 5:30 PM
  • Thursday 9 AM - 5:30 PM
  • Friday 9 AM - 5:30 PM
  • Saturday 9 AM - 4 PM
  • Sunday Closed