Available
Penclawdd – Lenger Seafoods Industrial Investment
Unit 28, Crofty Industrial Estate, Penclawdd, Swansea SA4 3RSFreehold Industrial Investment
Price
£375,000
Rent P.A.
£15,000
Yield
4.00%
Tenure
Freehold
Lease Term
99 Years
Years Left on Lease
94y 1m
Area
4,429 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- VAT is NOT applicable to this property.
- Comprises light industrial/manufacturing unit on a site of approximately 2.07 acres (0.84ha).
- 99 Years Lease. No Break Clause. Tenant in occupation since 1994.
- Guarantors to the lease are Leslie A. Parsons & Sons (Burry Port) Limited and Lenger Seafoods Yerseke B.V.
- Lenger Seafoods Group is a large seafood operator founded in 1925, that has 250 employees and recently opened a new site in Vietnam.
- Rent review every fifth year linked to RPI
- Occupiers nearby include Blackhills Caravan Swansea, Crofty Shed Centre, Celtic Oak Flooring, J P Surf Boards, H & S Mouldings.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises light industrial/manufacturing unit on a site of approximately 2.07 acres (0.84ha) currently used as a shellfish processing plant on a popular industrial estate on the Gower Peninsula. The yard has various wash bays with tanks for external processing equipment.
The property provides the following accommodation and dimensions:
Ground Floor: Production Area - 147.80 sq m (1,591 sq ft)
Ground Floor: Internal Storage - 141.60 sq m (1,524 sq ft)
Ground Floor: External Storage - 54.30 sq m (584 sq ft)
Ground Floor: Mess/Staff room - 67.80 sq m (730 sq ft)
Total area size - 411.50 sq m (4,429 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Production Area - 147.80 sq m (1,591 sq ft)
Ground Floor: Internal Storage - 141.60 sq m (1,524 sq ft)
Ground Floor: External Storage - 54.30 sq m (584 sq ft)
Ground Floor: Mess/Staff room - 67.80 sq m (730 sq ft)
Total area size - 411.50 sq m (4,429 sq ft)
Tenancy Description
The property is at present let to Lenger Seafoods for a term of 99 years from 23rd December 2019 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Rent review every fifth year linked to RPI. No break clause. Guarantors to the Lease are Leslie A. Parsons & Sons (Burry Port) Limited and Lenger Seafoods Yerseke B.V. Tenant has been in occupation since 1994. Lenger Seafoods Group is a large seafood operator, founded in 1925 that has few factories in the UK. The company has 250 employees and recently opened a new site in Vietnam. (www.lengerseafoods.nl)
Tenancies & Accommodation
Location Description
Penclawdd is a village which is situated in the north of the Gower Peninsula in the county of Swansea, Wales. It is one of the larger villages on the Gower Peninsula. Part of the village is perched on a high location, enjoying panoramic views over the Loughor estuary and surrounding Gower countryside, while the main part of the village stretches along the edge of the estuary. Occupiers nearby include Blackhills Caravan Swansea, Crofty Shed Centre, Celtic Oak Flooring, J P Surf Boards, H & S Mouldings.
