1 & 2 Alltycnap Road, Johnstown, Carmarthen | Property for sale | Savills
Guide price £350,000(€416,584)

1 & 2 Alltycnap RoadJohnstown, Carmarthen

  • Sole agency
  • Leasehold
Investment
Yield 26%Yield

Key features

  • High Yielding Industrial Investment
  • Let to Currys Group and Harlech Foodservice
  • Producing £90,000 per annum Gross Rent
  • 17,343 sq ft (1,611.2 sq m)
  • Site Area - 3.69 acres (1.49 hectares)
  • Guide Price Reflects 25.7% GIY on Gross Rent

Two Units Let to Currys Group Limited and Harlech Foodservice Limited Producing a Total Gross Rent of £90,000 per annum

About this property

  • The property comprises a high yielding industrial investment opportunity let to two tenants including Currys Group. Arranged as two warehouse units with ancillary offices, the property is fully let to two tenants producing a total gross rent of £90,000 per annum. The property is held on a long leasehold basis - 99 years from 01/04/1974 and paying a ground rent of £14,750 per annum. The net rent is therefore £75,250 per annum. Alltycnap Road and the surrounding area form the principal industrial, logistics and retail warehousing amenity for the region, with the central positioning and immediate access to the A40 providing easy routes throughout West Wales and to the M4 motorway.

Additional information

  • The property is let on two separate leases:
  • Unit 1
  • Let to Harlech Foodservice Limited on a five year lease expiring 26/02/2024 and paying £50,000 per annum
  • Unit 2
  • Let to Currys Group Limited on a five year lease expiring 15/07/2028 and paying £40,000 per annum The lease is on full repairing and insuring terms and includes a tenant break option 16/07/2026.
  • The total gross rent is therefore £90,000 per annum which reflects a net rent of £75,250 per annum.
  • Additionally, there is a lease of a sub-station to Western Power Limited for 25 years expiring 25/02/2033 and paying £80 per annum.
  • Currys Group Limited
  • D&B Rating - 5A1
  • Turnover (2023) - £4.69bn
  • Pre-Tax Profit (2023) - £26.9m
  • Harlech Foodservice Limited
  • D&B Rating - 2A3
  • Turnover (2022) - £32.8m