1 Cwmbran Retail Park, Cwmbran NP44 3JQ TORFAEN, SOUTH WALES CWMBRAN RETAIL PARK DOMINANT RETAIL PARK INVESTMENT OPPORTUNITY 2 Cwmbran Retail Park, Cwmbran NP44 3JQ 3 Cwmbran Retail Park, Cwmbran NP44 3JQ INVESTMENT HIGHLIGHTS • Cwmbran is located in Torfaen, South Wales, around 29km Offers are sought in the region of (18 miles) north east of Cardiff and 88 km (55 miles) east of Swansea. The town has a 10 minute catchment population of 75,320 people which increases to 169,928 people within £33,380,000 15 minutes (CACI Ltd). (Thirty Three Million, Three Hundred and Eighty • Cwmbran Retail Park comprises a purpose-built retail Thousand Pounds), subject to contract and exclusive warehouse park configured in an linear east facing terrace of VAT for the Freehold interest in this property. and stand-alone unit providing in the order of 12,623 sq m (135,870 sq ft) of retail floorspace and parking for 517 vehicles. A purchase at this level would show the following yield profile allowing for purchaser’s costs of 7.74%. • The scheme represents the only out of town retail and DIY offer in the catchment with destination tenants such as Initial Yield 6.25% Next, TK Maxx, Pets at Home, Curry’s/PC World, DW Sports, Halfords and B&Q. Running Yield 2019* 6.47% • Fully let on FRI terms to 10 occupational tenants, the park Running Yield 2021* 6.54% produces a current annual rent of £2,247,450, reflecting rents psf between £13.58 and £20.00 psf. *yields assume 3% cap achieved on B&Q and DW Sports reviews. • The income stream provides a weighted average unexpired term of 7.2 to expiry, 6.9 to break and 29% is subject to 5 yearly RPI uplifts (capped at 3% pa compound). • Recent tenant activity on the scheme underlines its trading dominance and status as the preferred out of town location for retailers in the catchment. Furthermore, the passing rents clearly reflect affordable and sustainable levels for those incumbent occupiers and there are clear opportunities to explore further lease regears in the short to medium term. The subject property is • The park has, and continues to see, very high visitor levels the only retail park with consistent annual footfall showing in excess of Cwmbran Retail Park 2.22 million people coming to Cwmbran Retail Park. Cwmbran Drive Cwmbran in Cwmbran NP44 3JQ SATNAV Longitude: 51.653147 Latitude: -3.027835 4 Cwmbran Retail Park, Cwmbran NP44 3JQ 5 Cwmbran Retail Park, Cwmbran NP44 3JQ Llanarth LOCATION SOCIO 10 min Drive Time Blaenavon (75,520 people) 15 min Drive Time Raglan Cwmbran is located in the county borough of (169,928 people) Torfaen in South Wales, approximately 9.7 km STOKEONTRENT ECONOMIC 20 min Drive Time (6 miles) north of Newport, 29 km (18 miles) NOTTINGHAM (261,121 people) Abertillery Abersychan north east of Cardiff and 88 km (55 miles) east of DERBY Penperlleni Llandenny Llandogo Oswestry M6 Lydney Swansea. M1 PROFILE Llansoy Pontypool Usk Shrewsbury Llangwm Tintern Alvington M54 Within the 10 minute catchment of 75,520 Telford M42 LEICESTER Bargoed The town benefits from excellent road communications people, household ownership is 15% above the with the A4051, which runs immediately adjacent to the WOLVERHAMPTON Blackwood Shepperdine DudleyM6 M69 national average. Within the 20 minute drive CWMBRAN subject property offering direct links to Junction 25A Newbridge Llangybi St Arvans A1(M) time, 169,928 people combine to provide a of the M4 Motorway 8km (5 miles) to the south and the Aberystwyth BIRMINGHAM COVENTRY Maesycwmmer Oldbury A4042 which connects to Pontypool and Abergavenny Stourport- total annual comparison goods spend in the Newbridge -on-Severn on-Severn Redditch Royal on Usk to the north. Leamington order of £1.069 billion (CACI Ltd). Ponthir Spa Crosskeys Parc-Seymour The M4 offers maximum connectivity across South M5 Car and household ownership, together with M48 Worcester Risca Bettws Caerleon Wales to the west connecting to Cardiff, Bridgend, M1 weekly comparison goods expenditure statistics Penhow Thornbury Evesham Aust Swansea, Llanelli etc. and Bristol and the M5 Motorway Hereford have been summarised in the table adjacent. Machen M4 M40 Newport to the east. Tewkesbury Caerphilly Magor More detailed information is available on request. M4 M4 Carmarthen A1(M) Abergavenny Ammanford Milford Cwmbran also enjoys a regular rail service to Haven CWMBRAN M5 Stroud Oxford M4 Llanelli Cirencester A48(M) Pembroke Newport and Cardiff (11 and 30 minutes respectively), Neath Aberdare Chepstow M49 Swansea St Mellons A4042 M48 Chittening which in turn provides access to the wider national Pontypridd rail network. Caerphilly Newport Swindon M4 M4 Bridgend LONDON CARDIFF Chippenham Reading Barry BRISTOL Bath Newbury Weston- super-Mare Trowbridge Basingstoke M25 Frome Ilfracombe Minehead M3 Over the course of the next Weekly Comparison Andover Population Car Ownership (%) Household Ownership (%) Goods Expenditure Bridgwater 10 years, approximately 1,889 Barnstaple M5 Salisbury Winchester Bideford Taunton UK Average 74.1% 62.9% – Eastleigh new homes will be developed Yeovil Tiverton 10 min Drive Time 75,520 74.5% 72.1% £4,063,859 Distances from Cwmbran SOUTHAMPTON within a 10 minute drive time 15 min Drive Time 169,928 72.4% 69.8% £9,259,961 Exeter Bridport Poole catchment, contributing to Cardiff 18 miles Dorchester Bournemouth Sidmouth the area’s population growth. Bristol 33 miles Weymouth 20 min Drive Time 261,121 77.5% 63.6% £14,298,506 We have set out further Newport 6 miles Torquay PLYMOUTH Swansea 55 miles information of page 7. 6 Cwmbran Retail Park, Cwmbran NP44 3JQ 7 Cwmbran Retail Park, Cwmbran NP44 3JQ SITUATION RESIDENTIAL RETAIL Cwmbran Retail Park is situated a short distance to the west of Cwmbran, fronting the A4051 DEVELOPMENT PROVISION Cwmbran Drive, the main arterial route through Cwmbran linking directly to Newport and the There is significant residential development consented, proposed The subject property represents the only retail M4 Motorway (8 km/5 miles) to the south, and and currently under construction in and around Cwmbran. park in Cwmbran and indeed it is worth noting Abergavenny to the north. Consequently, the All of the UK’s major foodstore operators have Taylor Wimpey are currently developing two residential sites within that the only other non food out of town space scheme benefits from excellent visibility to the town; Edlogan Wharf and Parc Celyn. is the former Homebase, now occupied by B&M. large format representation in Cwmbran, with passing traffic along the main route through the exception of Tesco. Indeed Sainsbury’s, This means that the B&Q at the subject property the town. Phase 1 of Edlogan Wharf, which is located 2 km (1.2 miles) to the north Asda, Lidl and Aldi are all situated in extremely is the only DIY offer in the catchment – the of Cwmbran Retail Park, is currently under construction and expected to close proximity to the subject property. Surrounding land uses are predominantly industrial and provide approximately 101 homes with a total of 1,200 to be completed Edlogan Wharf nearest other B&Q store is 11.2 km (7 miles) to Residential Development commercial to the north-west at Springvale Industrial over the next 10 years. Parc Celyn, which is situated 1.6 km (1 mile) west of the south in Newport. Wickes and Homebase The provision is identified in its entirety in the Estate, retail to the east in the form of Cwmbran the subject property, is also under construction and will total 219 homes. are not represented in the town, indeed their aerial on page 6. Park Celyn Shopping and Town Centre and residential to the Residential Development It is due to complete within 2 years. nearest stores are 12 km (7.5 miles) and south and west – including the current Taylor Wimpey development at Parc Celyn. Additionally, Redrow Homes have permission to develop 450 dwellings on a 8.5 km (5.3 miles) to the south in Newport. site 5.3 km (3.3 miles) south of the subject scheme, known as The Maltings at A4051 Cwmbran Shopping Centre, situated just to the east of Llantarnam. Phase 1 comprises c. 30 three and four bedroom homes which the retail park, represents the principal ‘in-town’ offer completed at the end of 2017, with phase 2 under construction. with key anchors including Primark, M&S, River Island, Wilko and Matalan. An external refurbishment of the S p p M r r a i i en n d shopping centre has been proposed for later this year. g y v W a Edlogan Wharf l a e y W Cilgant Ceinwen, Cwmbran NP44 1RL a y Caradoc Road Cwmbran Centre • 2,3 4 and 5 bedroom homes A4051 S Gree t nfo . rg e Way D • 101 units currently under construction a v A i d 40 s 0 R 5 • Total of 1,200 to be delivered in the next 10 years 1 o G a r d ee n fo r g e Cwmbran Centre W a y Park Celyn Greenmeadow Way, Cwmbran NP44 d Tudor Roa • 2, 3 and 4 bedroom homes S t . D • 219 units with practical completion due in next 2 years a v i d s R o L A l a G e d r 4 w ee 0 e n 5 ll m 1 yn The Maltings e R ad o o ad w Newport Road, Llantarnam, Newport NP44 3AY W ay • 3 and 4 bedroom homes • 30 units completed in 2017 – phase 2 under construction This plan is published for the convenience of identification only. Any site boundaries are indicative only and should be checked against Title Deeds.