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Home , Aberaman, Aberdare

ONE TRADE PARK INDUSTRIAL ESTATE , CF44 6DA

MULTI-LET INDUSTRIAL INVESTMENT WITH DEVELOPMENT POTENTIAL

ONE TRADE PARK MULTI-LET INDUSTRIAL INVESTMENT WITH DEVELOPMENT POTENTIAL

INVESTMENT SUMMARY ■■ Freehold trade counter and distribution investment in the heart of Aberaman Industrial Estate, Aberdare ■■ Excellent road and rail communications with access to and Junction 32 of the ■■ Current passing rent of £220,288 per annum ■■ 88% of the income is secured to Berendsen UK Limited (D&B Rating: 5A1), a leading international textile services provider ■■ Average Weighted Unexpired Term (AWULT) of 1.32 years ■■ Immediate asset management potential to re-gear existing leases and increase rents ■■ Adjacent land with development potential, subject to gaining the necessary consents ■■ Offers are sought in excess of £2,300,000 (Two Million and Three Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 9.00% and low capital value of £35 psf after allowing for purchaser’s costs of 6.34%. A438 A4103 A449 A470 A487 A4172 A46 A483 A424

A438 A49 A40 M50 A479 A417 ONE TRADE PARK MULTI-LET INDUSTRIAL INVESTMENT WITH DEVELOPMENT POTENTIAL A40 A465

A4137 A40 ESTER A40 A40 A429

A40 A483 A465 A48 M5 (N) CONNECTIONS A417 A477 A465 A40 Gloucester 90 mins Worcester 110 mins A4059 MERTHYR Birmingham 140 mins TYDFIL

A4042 A449 A465 AERARE A48 M4 M4 (E) CONNECTIONS Cardiff 35 mins M5 NEATH Newport 40 mins CWMBRAN A419 Bristol 65 mins SASEA ONE TRADE PARK M48 A433

M4 (W) CONNECTIONS A470 45 mins Carmarthen 65 mins Haverfordwest 100 mins EPRT M49

M4 A48 A48(M) M4 BRIDGEND ARI A46 M5 A420 M5 (S) CONNECTIONS Weston-Super-Mare 80 mins ARI Taunton 100 mins AIRPRT RIST Exeter 130 mins AIRPRT RIST A4 A38 ATH A350 A37

LOCATION Aberdare is a town in the area of Cynon Taf and is primarily a distribution and service industries centre formerly being a hub for iron ore and coal mining. ROAD LINKS RAIL AIRPORTS The town is located within close proximity of the A470, the main arterial route from , situated 4 miles (6 km) to the north east and Cardiff, situated A4059 >1 mile Pontypridd 28 min Cardiff Airport 35 miles 20 miles (32 km) to the south east via Junction 32 of the M4 Motorway. A465 4.9 miles Cardiff Central 59 min Bristol Airport 68 miles Rail Station is located directly to the north providing direct services to Cardiff Central with a typical journey time of approximately 59 minutes. A470 5.9 miles Merthyr Tydfil 66 min Gloucester Airport 85 miles Cardiff Airport is located 31.5 miles (50.7 km) directly to the south and M4 (J32) 17.1 miles Newport 91 min Birmingham Airport 118 miles provides services to a number of national and international destinations.

ONE TRADE PARK MULTI-LET INDUSTRIAL INVESTMENT WITH DEVELOPMENT POTENTIAL

SITE AREA 5.088 Acres (2.059 Hec)

A 40 59

SITUATION CWMBACH

059 Aberaman Industrial Estate is situated directly to the south of Cwmbach Rail A4 Station and 2.2 miles (3.5 km) to the south east of Aberdare town centre. The property is accessed from the B4275, providing access to the A4059 A 4 0 5 and Aberdare town centre. The A470 and Junction 32 of the M4 Motorway 9 C A N A are respectively situated 6.1 miles (9.8 km) and 17.3 miles (27.8 km) to the L R O A D south east. B

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The property comprises an industrial warehouse of steel portal frame D extending to 65,816 sq ft (6,114.5 sq m) and is subdivided to provide 8 units of varying size. Units 1-5 comprise a parade of trade counter/industrial units with individual roller shutter door access. The units have their own access from the B4275. The units benefits from a shared tarmacadam yard with 55 car parking © Crown Copyright, ES 100004106. For identification purposes only. spaces. Units 6-8 comprise a distribution warehouse with two storey ancillary office accommodation. The units benefit from access to the front of the property TENANCY SCHEDULE and a large yard area to the rear with a single large roller shutter door, 5 loading bays and 5 dock levellers. Unit Tenant Area Area Lease Lease Current Rent Current Rent Comments The site is rectangular in shape and extends to 5.088 acres (2.059 hectares) (sq m) (sq ft) Start Expiry (£ pa) (£ psf) providing a low site cover of 29%. The site further benefits from a vacant plot of land providing the potential for future expansion; subject to gaining 1 434.0 4,671 the necessary consents. 2 Berendsen UK Limited 283.9 3,056 22/1/2015 21/1/2020 £37,741 £3.50 5 283.9 3,056

TENURE 3 Andrew Noble and 283.9 3,056 24/7/2009 23/7/2017 £11,000 £3.60 Freehold 4 Paul Noble 283.9 3,056 Tenancy at Will £15,000 £4.91 Rent inclusive of s/c and insurance 6 1,329.0 14,305 Landlord obligation to repair and 7 Berendsen UK Limited 1,625.0 17,491 21/1/2010 20/1/2020 £156,547 £3.20 maintain the roof of units 6, 7 & 8 8 1,591.0 17,125 6,114.5 65,816 £220,288 £3.63

ONE TRADE PARK MULTI-LET INDUSTRIAL INVESTMENT WITH DEVELOPMENT POTENTIAL

COVENANT INFORMATION EXPANSION LAND

BERENDSEN PLC ROCIALLE VACANT DEVELOPMENT SITE Berendsen is Europe’s leading textile service business, developing and C1 Trade Park provides the primary distribution facility for Rocialle, The land to the north of the existing building extends to 0.936 acres (0.378 hectares) delivering textile, hygiene and safety solutions to 150,000 customers from a sub-division of Berendsen Plc. with potential to provide an industrial unit to suit specific occupier demand; 140 sites in 16 countries across Europe. For over thirty years, Rocialle has supplied healthcare providers there is also opportunity for alternative uses including car showroom and retail Berendsen operates with 5 UK business lines in Workwear, Hospitality, with sterile and non-sterile consumable items including almost accommodation, subject to gaining the necessary consents. Healthcare, Cleanroom and Clinical Solutions markets with over 100 years every National Health Service Trust in the UK. Further potential exists to provide a secondary access route linking a new of experience in the industry and employing over 7,600 employees across The company is well established in the local area operating from development and Units 6,7 and 8 directly to the B4275; subject to separate 43 sites. The company is the market leader in the UK for textile services, a large purpose built research and manufacturing plant in Cwm negotiation with Berendsen UK Limited and gaining the necessary consents. operating in a c. £1.87bn market with c.18% market share. Cynon Industrial Park, Mountain Ash located approximately 3.1 In September 2017, Elis, the French laundry services group successfully miles (4.9 km) from the subject property. acquired Berendsen Plc for £2.2bn, representing a premium of 45% to Berendsen Plc owns the Mountain Ash site and employs over 300 Berendsen Plc closing share price, prior to acquisition negotiations. Elis has people, which provides one of the largest medical clean rooms in since committed to investing £300m in UK sites to modernise and replace Europe and an e-beam irradiation sterilisation plant. legacy plant and machinery to promote future business growth. Finished goods are stored and dispatched from the C1 Trade Park Berendsen Plc recorded a H1 2018 turnover of over £175m providing distribution facility to customers and intermediaries across the UK. solid company performance within a healthy competitive landscape. UK exposure to Healthcare and Hospitality business lines currently totals 70% of revenue providing strong financial resilience for the future. The company recently recorded the following financial information:

31/12/2016 31/12/2015 31/12/2014 Turnover (£) 374,432,000 378,518,000 372,096,000 Pre-Tax Profit (£) 30,021,000 38,705,000 36,602,000 Net Worth (£) 75,928,000 93,015,000 90,136,000 ONE TRADE PARK

EPC VAT The property has been rated grade C (66) and C (72) We understand the property is elected for VAT EPC certificates are available upon request. and we would expect the transaction to be treated as a transfer of a going concern (TOGC).

DATAROOM For access to the Allsop Data Room, please use the following link: https://datarooms.allsop.co.uk/register/c1trade

PROPOSAL Offers are sought in excess of £2,300,000 (Two Million and Three Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 9.00% and low capital value of £35 psf after allowing for purchaser’s costs of 6.34%.

For further information or to make arrangements for viewing please contact:

NATIONAL INVESTMENT PRIVATE CLIENT TEAM Tom Dales Lottie Hayward Jonathan Butcher 020 7543 6866 020 7543 6750 020 7543 6755 [email protected] [email protected] [email protected] www.allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 09.18