Long Meadow Industrial Estate
Industrial/commercial investment for sale
Long Meadow Industrial Estate
Managed by
Ewyas Harold, Herefordshire, HR2 0UA
Long Meadow
Industrial Estate Description
To Abergavenny
B4347 Pontrilas Road
Industrial space 1,390–3,120 sq ft
Long Meadow Industrial Estate comprises of a commercial estate that was built approximately 35 years ago. The estate comprises of five commercial units (it should be noted that unit 1 closest to the entrance of the estate has been sold and is excluded from this disposal). The estate provides blocks of commercial buildings which are divided to comprise of units 1, 2 and 3 and the other block comprising of units 4 and 5. The buildings are of steel portal framework with part dual pitched profile sheet and part monopitched roof covers with the elevations benefiting from brickwork elevations. The units benefit from an eaves height of approximately 4.5 metres to the main structures. The units provide accommodation ranging in size from 1,390 sq ft (129.12 m sq) to 3,120 sq ft (289.83 m sq). The Current Total Accommodation is approximately 10,280 ft sq (954.95 m sq).
To Hereford
The estate benefits from a total site area of approximately 1.412 acres (0.57 hectares). The external areas provide a generous provision of on site car parking and landscaped areas. There is potential for the construction of further units within the estate, subject to the receipt of any relevant statutory consents.
Planning Long Meadow Industrial Estate benefits from planning consent for Use Class B1,B2 AND B8 of The Town and Country Use Classes Order 1987. The estate is a designated employment area. There may be potential for Further Asset Management Opportunities within the estate by the construction of further units, subject to the obtaining of the relevant statutory consents.
Inspection Strictly by appointment through Halls Commercial, Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR Tel 01743 450700 reference James Evans email [email protected]
Site The Total Site Area; 1.412 acres (0.57 hectares) The property is held under Property Title Number: HW100100
Energy Performance Certificates The energy performance certificates for the units are as follows; Unit 1 SOLD (unknown) Unit 2 E103 Unit 3 D81 Unit 4 E113 Unit 5 E106
Investment Summary The estate offers the opportunity to acquire a well maintained commercial estate in the sought after County of Herefordshire. There is an opportunity of further asset management by the construction of further units within the land ownership, subject to the receipt of the relevant statutory consents. A purchase of the estate at the asking price reflects a low capital value of approximately £32.60 per sq ft. The letting of the vacant units offers the opportunity to achieve an estimated rental value of £40,700 per annum and a return on investment of 11.8% after allowing for normal purchasers costs.
Tenancy Schedule The freehold interest in the estate (Title Number HW100100) is offered for sale subject to the following occupational tenancies; Unit No.
Sq ft
Occupier
Unit Status
Passing Rent
Vacant Rental (pa)
Per sq ft
Lease Start
Lease End
1
3,014
–
Sold
–
–
£0.00
–
–
2
3,120
–
Current
–
£10,877
£3.49
–
–
3
3,120
The Little Blue Elephant Play Café Limited
Current
£12,480
£10,877
£4.00
27/04/16
26/4/19
4
2,650
Accucraft UK Ltd
Current
£11,142
–
£4.20
15/05/15
14/05/18
5
1,390
Golden Valley Rewinds and Repairs Limited
Current
£5,213
–
£3.75
01/12/15
30/11/18
Total
13,294
£28,835
£21,753
A53
A50 A500 Ewyas Harold, Herefordshire, HR2 0UA 16
A520
Stoke-on-Trent
A51 A525
Longton
15
A53
A34
A495 Loggerheads
Price
The asking price equates to a Net Initial Yield of 4.76% (after allowing for costs of 2.5% based upon the current rent net income of £16,355 per annum). The asking price reflects a Net Equivalent Yield of 11.85% (based upon the letting of the vacant units at the ERV of £40,700 per annum) after allowing for costs of 2.5%).
Stone
Location
Oswestry
The asking price is £335,000 (three hundred and thirty five thousand pounds).
Long Meadow Industrial Estate is situated on the edge of the village of Ewyas Harold in the heart of the County of Herefordshire. The A53 estateA5is accessed directly off the B4347 and is strategically well A518Gnosall located close to the junction with the A465Newport (Main Hereford to Abergavenny Road).
A483
14
A518
M6
A 12
2
Bridgnorth
Church Stretton
8
A449 Dudley
All prices and figures are quoted exclusive of VAT.
2
A49 Old Forge Industrial Estate Craven Arms
Hereford
Ewyas Harold
Long Meadow Industrial Estate
B4347 Po
It is understood that the estate is elected for VAT and therefore VAT will be payable on the purchase price.
M5
A442
A465
Kidderminster
nt
4
ril as Ro
Ludlow
ad
A449
Abergavenny
Legal Costs
M5
B4347
A465
Each party will be responsible for their own legal costs incurred in respect of the sale of the property.
A44
A44
Leominster
Worcester
A4103 Great Malvern
A438 A438
B4348 Peterchurch
Hereford Long Meadow Industrial Estate
A465
A479
Ledbury
M5
A49
M50 3
Cheltenham
Ross-on-Wye Crickhowell
A4137
Gloucester
Abergavenny
A40 A4042
www.langtreepp.co.uk
9
A454
VAT
01925 255525
1
The estate is strategically well positioned to the south west of the Wolverhampton City of Hereford to serve the surrounding counties.
The asking price reflects a low capital value of £32.60 per sq ft.
Managed by
A5
Stafford
Ewyas Harold is a Shrewbury village, where all local amenities are available and it is the nearest village to the Pontrilas Army Training Area. The estate Wheaton M54 Telford is located approximately 13 miles from the City of Hereford andAston 3 approximately 12 miles from the town of Abergavenny. A458
Welshpool
A
Newcastle-under-Lyme
www.langtreepp.co.uk/property/ long-meadow-industrial-estate The Agents for themselves and for the Sellor/Lessor of this property who agents they are give notice that: 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars are made without responsibility on the part of the Agent(s) or the Seller/Lessor. 3. None of the statements contained in these particulars is to be relied upon as a statement or representation of fact. 4. Any intending Buyer or Tenant must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Seller/Landlord does not make or give and neither the Agent(s) nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. May 2016. Designed by Future 01925 638 581 www.designbyfuture.co.uk
R
Long Meadow Industrial Estate
Managed by
Ewyas Harold, Herefordshire, HR2 0UA
Long Meadow
Industrial Estate Description
To Abergavenny
B4347 Pontrilas Road
Industrial space 1,390–3,120 sq ft
Long Meadow Industrial Estate comprises of a commercial estate that was built approximately 35 years ago. The estate comprises of five commercial units (it should be noted that unit 1 closest to the entrance of the estate has been sold and is excluded from this disposal). The estate provides blocks of commercial buildings which are divided to comprise of units 1, 2 and 3 and the other block comprising of units 4 and 5. The buildings are of steel portal framework with part dual pitched profile sheet and part monopitched roof covers with the elevations benefiting from brickwork elevations. The units benefit from an eaves height of approximately 4.5 metres to the main structures. The units provide accommodation ranging in size from 1,390 sq ft (129.12 m sq) to 3,120 sq ft (289.83 m sq). The Current Total Accommodation is approximately 10,280 ft sq (954.95 m sq).
To Hereford
The estate benefits from a total site area of approximately 1.412 acres (0.57 hectares). The external areas provide a generous provision of on site car parking and landscaped areas. There is potential for the construction of further units within the estate, subject to the receipt of any relevant statutory consents.
Planning Long Meadow Industrial Estate benefits from planning consent for Use Class B1,B2 AND B8 of The Town and Country Use Classes Order 1987. The estate is a designated employment area. There may be potential for Further Asset Management Opportunities within the estate by the construction of further units, subject to the obtaining of the relevant statutory consents.
Inspection Strictly by appointment through Halls Commercial, Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR Tel 01743 450700 reference James Evans email [email protected]
Site The Total Site Area; 1.412 acres (0.57 hectares) The property is held under Property Title Number: HW100100
Energy Performance Certificates The energy performance certificates for the units are as follows; Unit 1 SOLD (unknown) Unit 2 E103 Unit 3 D81 Unit 4 E113 Unit 5 E106
Investment Summary The estate offers the opportunity to acquire a well maintained commercial estate in the sought after County of Herefordshire. There is an opportunity of further asset management by the construction of further units within the land ownership, subject to the receipt of the relevant statutory consents. A purchase of the estate at the asking price reflects a low capital value of approximately £32.60 per sq ft. The letting of the vacant units offers the opportunity to achieve an estimated rental value of £40,700 per annum and a return on investment of 11.8% after allowing for normal purchasers costs.
Tenancy Schedule The freehold interest in the estate (Title Number HW100100) is offered for sale subject to the following occupational tenancies; Unit No.
Sq ft
Occupier
Unit Status
Passing Rent
Vacant Rental (pa)
Per sq ft
Lease Start
Lease End
1
3,014
–
Sold
–
–
£0.00
–
–
2
3,120
–
Current
–
£10,877
£3.49
–
–
3
3,120
The Little Blue Elephant Play Café Limited
Current
£12,480
£10,877
£4.00
27/04/16
26/4/19
4
2,650
Accucraft UK Ltd
Current
£11,142
–
£4.20
15/05/15
14/05/18
5
1,390
Golden Valley Rewinds and Repairs Limited
Current
£5,213
–
£3.75
01/12/15
30/11/18
Total
13,294
£28,835
£21,753
A53
A50 A500 Ewyas Harold, Herefordshire, HR2 0UA 16
A520
Stoke-on-Trent
A51 A525
Longton
15
A53
A34
A495 Loggerheads
Price
The asking price equates to a Net Initial Yield of 4.76% (after allowing for costs of 2.5% based upon the current rent net income of £16,355 per annum). The asking price reflects a Net Equivalent Yield of 11.85% (based upon the letting of the vacant units at the ERV of £40,700 per annum) after allowing for costs of 2.5%).
Stone
Location
Oswestry
The asking price is £335,000 (three hundred and thirty five thousand pounds).
Long Meadow Industrial Estate is situated on the edge of the village of Ewyas Harold in the heart of the County of Herefordshire. The A53 estateA5is accessed directly off the B4347 and is strategically well A518Gnosall located close to the junction with the A465Newport (Main Hereford to Abergavenny Road).
A483
14
A518
M6
A 12
2
Bridgnorth
Church Stretton
8
A449 Dudley
All prices and figures are quoted exclusive of VAT.
2
A49 Old Forge Industrial Estate Craven Arms
Hereford
Ewyas Harold
Long Meadow Industrial Estate
B4347 Po
It is understood that the estate is elected for VAT and therefore VAT will be payable on the purchase price.
M5
A442
A465
Kidderminster
nt
4
ril as Ro
Ludlow
ad
A449
Abergavenny
Legal Costs
M5
B4347
A465
Each party will be responsible for their own legal costs incurred in respect of the sale of the property.
A44
A44
Leominster
Worcester
A4103 Great Malvern
A438 A438
B4348 Peterchurch
Hereford Long Meadow Industrial Estate
A465
A479
Ledbury
M5
A49
M50 3
Cheltenham
Ross-on-Wye Crickhowell
A4137
Gloucester
Abergavenny
A40 A4042
www.langtreepp.co.uk
9
A454
VAT
01925 255525
1
The estate is strategically well positioned to the south west of the Wolverhampton City of Hereford to serve the surrounding counties.
The asking price reflects a low capital value of £32.60 per sq ft.
Managed by
A5
Stafford
Ewyas Harold is a Shrewbury village, where all local amenities are available and it is the nearest village to the Pontrilas Army Training Area. The estate Wheaton M54 Telford is located approximately 13 miles from the City of Hereford andAston 3 approximately 12 miles from the town of Abergavenny. A458
Welshpool
A
Newcastle-under-Lyme
www.langtreepp.co.uk/property/ long-meadow-industrial-estate The Agents for themselves and for the Sellor/Lessor of this property who agents they are give notice that: 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars are made without responsibility on the part of the Agent(s) or the Seller/Lessor. 3. None of the statements contained in these particulars is to be relied upon as a statement or representation of fact. 4. Any intending Buyer or Tenant must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Seller/Landlord does not make or give and neither the Agent(s) nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. May 2016. Designed by Future 01925 638 581 www.designbyfuture.co.uk
R
