Guide Price

£3,500,000.00

Property Type

Industrial

Size

16350 sqm / 176 sqft

Tenure

For Sale

Description

The subject site and premises are located off Grange Road, Cwmbran. The area is located to the southwest of Cwmbran town centre which is within close proximity. The property is located some 2.5 miles north of the M4 motorway at junctions 24 and 25. The site itself is accessed via Grange Road which in turn leads on to St David’s Road to the north and Llantarnam Road to the south. The A4051 is located to the west of the property and links Cwmbran with Newport and the M4 motorway to the south. The A4042 truck road is located to the east of the subject property which links Newport and the M4 from the south to Abergavenny and the M50 to the north.

The subject property comprises a large industrial complex with a variety of industrial and office buildings varying in age, construction, and condition together with circulation areas and a large car park fronting St David’s Road. Some of the industrial units have low and high level craneage which we believe will remain when Crane vacate. The site is generally of level topography.

The property is currently subject to a lease to Crane Process Flow Technologies Limited (holding over) paying a rental of £260,000 (Two Hundred and Sixty Thousand Pounds) per annum exclusive. Crane are due to vacate the property to relocate on an adjacent site, they have estimated they will fully vacate the premises in early 2023. A copy of the current lease is available upon request.

Ref. 92