Commercial property for sale in Alltycnap Road, Johnstown, Carmarthen SA31
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Property features
- To be offered on Tuesday 3 September
- High Yielding Industrial Investment
- Let to Currys Group and Harlech Foodservice
- Producing £90,000 per annum Gross Rent
- 17,343 sq ft (1,611.2 sq m)
- Site Area - 3.69 acres (1.49 hectares)
- Guide Price Reflects 25.7% giy on Gross Rent
Property description
Strapline
Auction Sale - 03/09/2024
High Yielding Industrial Investment Opportunity
Two Units Let to Currys Group Limited and Harlech Foodservice Limited Producing a Total Gross Rent of £90,000 per annum
Located in an Established Industrial Location with nearby tenants including Booker and Screwfix.
Description
The property comprises a high yielding industrial investment opportunity let to two tenants including Currys Group.
Arranged as two warehouse units with ancillary offices, the property is fully let to two tenants producing a total gross rent of £90,000 per annum.
The property is held on a long leasehold basis - 99 years from 01/04/1974 and paying a ground rent of £14,750 per annum. The net rent is therefore £75,250 per annum.
Alltycnap Road and the surrounding area form the principal industrial, logistics and retail warehousing amenity for the region, with the central positioning and immediate access to the A40 providing easy routes throughout West Wales and to the M4 motorway.
Tenancy
The property is let on two separate leases:
Unit 1
Let to Harlech Foodservice Limited on a five year lease expiring 25/02/2029 and paying £50,000 per annum
Unit 2
Let to Currys Group Limited on a five year lease expiring 15/07/2028 and paying £40,000 per annum The lease is on full repairing and insuring terms and includes a tenant break option 16/07/2026.
The total gross rent is therefore £90,000 per annum which reflects a net rent of £75,250 per annum.
Additionally, there is a lease of a sub-station to Western Power Limited for 25 years expiring 25/02/2033 and paying £80 per annum.
Currys Group Limited
- D&B Rating - 5A1
- Turnover (2023) - £4.69bn
- Pre-Tax Profit (2023) - £26.9m
Harlech Foodservice Limited
- D&B Rating - 2A3
- Turnover (2022) - £32.8m
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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