Industrial complex to go under auctioneer’s hammer
Monday, March 23, 2015
An industrial complex split into nine units and with a self contained yard has gone on the market with a guide price of £500,000.
The detached property, at Avondale Business Park, Cwmbran offers a total of approximately 47,950 sq ft (4,455 sq m) of internal space together with a self contained yard of 25,280 sq ft (2,349 sq m), is being sold through Paul Fosh Auctions.
Keri Harding-Jones, of Paul Fosh Auctions, said: “The property, which is ideally located on this established business park north of Cwmbran town centre, has been subdivided to provide one large unit with access for loading to the rear via three roller shutters. The lower level is split into eight commercial warehouse/industrial units with shared WC facilities.
“The property is ideal for either the owner occupier who could benefit from the income or for an investor. Two of the lower units are let and are producing income. “Once fully let the property has the potential to produce a total estimated gross rent of circa £120,000 pa. The guide price represents a low capital value of circa £10 per sq ft based on the overall square footage.”
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