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Wrexham, Ll11 4Yl for Sale Rhosddu Industrial Estate, Rhosrobin, Wrexham, Ll11 4Ly

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Wrexham, Ll11 4Yl for Sale Rhosddu Industrial Estate, Rhosrobin, Wrexham, Ll11 4Ly FOR SALE MODERN, MULTI-LET INDUSTRIAL INVESTMENT OPPORTUNITY RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4YL FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY UNIT 51 UNIT 31 UNIT 21 INVESTMENT SUMMARY • Currently producing £96,350 per annum • Six modern, warehouse / manufacturing units • Freehold • Situated on a well established industrial estate in Rhosrobin, Wrexham • Seeking offers in the region of £1,000,000 subject to contract and VAT. • Recognised trade location with nearby occupiers include Yodel, CES, Wrexham • Attractive net initial yield 9.11% after deduction of purchaser’s costs of Volkswagen, Enterprise Rent A Car, and Howden Joinery 5.75% • Close to the A483 Wrexham By-pass • Low capital Value of £29.54/sq ft • Total G.I.A. 33,843 sq ft • Potential to add value through active asset management • Overall site area of 2.41 acres • Low site coverage of 32.2% FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY LOCATION Wrexham is the principal commercial centre of North Wales, located approximately 12 miles south of Chester and 30 miles north of Shrewsbury. The town is situated at the intersection of the A483 (Wrexham By-pass) / A451. The A483 provides a dual carriageway route to Chester and the M56 to the North. Wrexham general railway station provides rail services to Chester and onwards to London Euston via Crewe. The town has a resident population of approximately 63,000 and a district population of 128,500. Wrexham has a long standing association with the manufacturing sector with major employers including JCB, Kelloggs, Sharp, Hoya and Calypso. SITUATION The Rhosddu Industrial Estate is situated to the North West of Wrexham in the settlement of Rhosrobin. The Estate is approached from Junction 6 of the A483 via Plas Acton Road and Main Road and is approximately 1 mile from the A483 dual carriageway. The Rhosddu Industrial Estate is a popular trading estate serving Wrexham and the surrounding area. Occupiers on the estate include Yodel, CES, Wrexham Volkswagen, Enterprise Rent A Car, Howdens Joinery and Graham Jones Crane Hire. The subject property is situated fronting the main estate road on the western edge of the estate. FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY DESCRIPTION The property comprises a multi let portfolio of 6 modern, industrial / warehouse units extending to 33,843 sq ft and a fenced storage compound. The units are generally of steel portal frame construction being clad with insulated steel sheet cladding. The site is shown red on the attached plan and extends to 0.98 hectares (2.41 acres). The property enjoys a low site coverage of 32.2%. FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY Units 41 & 51 Units 41 & 51 comprise two adjoining manufacturing / warehouse units which are demised together with a large self-contained yard. The buildings are of steel frame construction and are clad with brick and block to the lower sections with metal sheet cladding to the upper sections and roof. Unit 51 has an eaves height of 7.4 metres and Unit 41 has an eaves height of 6.35 metres. The unit benefits from a secure concrete yard which provides additional external storage for raw materials. There is a 3 phase electrical supply and mains gas to the units. Sq M Sq Ft Unit 41 641 6,005 Unit 41 - EPC Unit 51 - EPC Unit 51 1,668 18,165 Total 2,329 25,070 The units and yard are let to Matclad Limited (06876302), with a personal guarantee from Neil Sullivan. The property is let by way of a lease for a term from 25�� August 2016 to 31�� July 2024 at a rent of £65,000 per annum. The tenant had the option to break in July 2019 but this has not been triggered. The lease provides for a rent review on 31�� July 2019 and this has not yet been implemented. The lease is drafted of a full repairing and insuring basis with the tenant’s liability to repair limited by reference to a photographic schedule of condition. Matclad Limited was incorporated in April 2009 and has an Experian Credit Score of 78 classed as “Below Average Risk”. The Company’s principal business is the manufacture of brick slips used for brick cladding for retail and trade customers. For further information see www.matclad.co.uk . FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY Unit 31 Unit 31 comprises a detached, self-contained manufacturing/warehouse unit accessed directly from the Estate road. The unit is of steel frame construction clad with brick and block work to the lower sections and insulated steel sheet cladding to the upper sections and roof. Servicing is provided by way of a steel roller shutter door in the front elevation. The unit has a forecourt car park protected with steel fencing. Internally the unit has been fitted out as a showroom for the display of kitchens and bathrooms. The tenant has installed a mezzanine floor which covers the majority of the ground floor area. GIA (Ground Floor) 206 sq m (2,213 sq ft) The property is let on an informal tenancy to Brian Wright Holdings Limited (10749172). The tenant assumes responsibility for repairs and pays an annual rent of £8,000 per annum. The tenant’s principal business is the supply and distribution of bathrooms and kitchens. The Company was incorporated in May 2017 and has an Experian Credit Score of 45 classified as “Above Average Risk”. EPC Unit 21 FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY Units 21/21a/61 Units 21/21a/61 originally comprised a single self-contained, detached, manufacturing/warehouse unit of steel frame construction with insulated steel sheet cladding to the elevations and roof and lined in part with block work. The unit has subsequently been sub-divided so as to create three self-contained units arranged in a terrace. Unit 21 is accessed directly from the Estate road and Units 21a and 61 are accessed from the communal service yard to the rear. Unit 21 Unit 21 is self-contained and has a direct frontage to the Estate road. It is set back behind a forecourt car park which is protected by way of steel fencing and a sliding gate. Servicing is provided by way of a sectional loading door in the front elevation. Adjacent to the gable is a single storey addition of rendered block work which provides additional office/staff accommodation. The unit has a GIA of 244 sq m (2,631 sq ft). The property is let by way of an informal tenancy to Trade Direct Windows NW Limited (10734598). The tenant assumes responsibility for repairs and pays an annual rent of £11,500 per annum. The Company’s principal business is the supply and installation of UPVC windows and doors. The Company was incorporated April 2017 and has an Experian Credit Score of 26 “Above Average Risk”. EPC FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY Unit 21a Unit 21a is a self contained mid-terraced lock up storage unit with steel portal frame construction with insulated steel sheet cladding to the elevations and roof. The roof incorporates translucent roof lights and the unit benefits from sodium lighting. Servicing is provided by way of a sectional loading door in the front elevation. Access to the unit is from the central courtyard to the wider development, approached from the main Estate road. The unit has a GIA of 182 sq m (1,957 sq ft). The unit is currently occupied by the Vendor who will provide 12 month rental guarantee upon completion. EPC FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY Unit 61 Unit 61 is a self contained, end terrace, lock up storage unit of steel portal frame construction, clad with insulated steel sheet cladding to the elevations and roof. Servicing is provided by way of a steel roller shutter door in the front elevation together with a separate personnel entrance. The unit has the benefit of a small additional storage yard adjacent to the gable elevation. The unit has a GIA of 121 sq m (1,303 sq ft). The unit is let by way of an informal tenancy to I.C.L Formwork Limited at an annual rent of £5,000 + VAT. The company was incorporated in June 2007 and has an Experian Credit Score of 81 which is classified as Low Risk. EPC Compound Compound The site also incorporates an external storage compound which extends to 0.2 acres or thereabouts. The compound is concrete surfaced and fenced with steel palisade fencing. The compound has been occupied by the Vendor but will be offered with vacant possession upon completion. FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY TENANCY SCHEDULE UNIT TENANT LEASE RENT ERV RENT REVIEW GIA RENT PER COMMENTS (Sq Ft) SQ FT 41 & 51 Matclad Ltd From - 25/8/16 £65,000 £75,000 31/7/2019 25,070 £2.59 Break at 31/7/19 - not (Guaranteed by To 31/7/2024 (not yet triggered) activated. Neil Sullivan) 31 Brian Wright Informal Tenancy £8,000 £10,000 - 2,213 £3.62 Informal tenancy. Holdings Limited 21 Trade Direct Informal Tenancy £11,500 £11,800 - 2,631 £4.37 Informal tenancy. Windows NW Ltd 21a Clwyd Properties £6,850 £6,850 - 1,957 £3.50 12 month rent guarantee. Ltd 61 I.C.L. Formwork £5,000 £5,000 - 1,303 + yard Informal tenancy. Ltd Compound - - - £4,000 - 0.2 acres - Vacant TOTAL £96,350 £112,650 FOR SALE RHOSDDU INDUSTRIAL ESTATE, RHOSROBIN, WREXHAM, LL11 4LY VAT The sale of the property will attract VAT.
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