The Pill, Caldicot

Description

The subject premises comprises a range various of size steel portal framed industrial units, forming part of a much larger industrial complex and former Caldicot Works, along the edge of Severn Bridge Industrial Estate within Caldicot.

The majority of the available industrial units are interlinked internally, which can be acquired as a whole or separately on a per unit basis.

Various external areas are also available (subject to negotiation), which can be accessed off the main circulation road to the southern and northern elevations. We also advise that a designated yard area is available to the front of Unit 4, measuring approximately 0.189 acre (0.077 hectare).

Location

The unit is located along the edge of an well-established business park, known as Severnbridge Industrial Estate, to the north-west of Caldicot town centre. Surrounding occupiers include a mix of local and national companies such as Evoqua, Hicks Logistics, Stappert UK, Cambrian Carpets and The Lockwood Group, etc.

The immediate vicinity also benefits from good lines of communication via the main B4245 and the M48 (J23a) which is less than 7 miles from the subject premises. We further advise that the subject premises is approximately 10 miles from the Prince of Wales Bridge (M4 Motorway), which provides ease of access to the wider southwest region of England.

Accommodation Comprises

The subject premises affords the following approximate dimensions and areas:

UNIT 3

Warehouse: 1,436.84 sq.m (15,466.14 sq. ft.)

Eaves (min): 3.01m (9’10”)

Eaves (max): 4.99m (16’4”)

Offices (2 Floors): 62.60 sq.m (673.82 sq. ft.)

UNIT 4

Warehouse: 1,116.04 sq.m (12,013.05 sq. ft.)

Eaves: 5.30m (17’5”)

Loading Clearance: 3.68m (12’1”)

Mezzanine: 121.73 sq.m (1,310.37 sq. ft.)

UNIT 5

Warehouse: 1,389.08 sq.m (14,952.15 sq. ft.)

Eaves: 5.71m (18’9”)

Loading Clearance: 3.23m (10’7”)

UNIT 5a

Warehouse: 1,350.55 sq.m (14,537.37 sq. ft.)

Eaves: 3.40m (11’2”)

Loading Clearance: 3.23m (10’7”)

OFFICES

Ground Floor: 62.64 sq.m (674.25 sq. ft.)

First Floor: 38.43 sq.m (413.66 sq. ft.)

COMMUNAL FACILITIES

Office/ Toilet Block (Adjoining Units 3 &4): 864.60 sq.m (9,306.55 sq. ft.)

Toilets (Adjoining Unit 5/5a)

Rates

The subject premises forms part of a much larger industrial complex, which has yet to be subdivided to determined the anticipated Rateable Value.

As stated on the VOA website the Rateable Value for the subject premises for the entire site equates to £139,000 (1 April 2023 to present), which will need to be reassessed upon completion.

The Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024-25 the multiplier will be 0.562.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit www.voa.gov.uk.

Planning

We understand that the unit has consent for B1, B2 & B8 under the Town and Country Planning (Use Classes) Order 1987 (as amended). However interested parties should make their own enquiries to the Monmouthshire County Council.

VAT

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).

Terms and Tenure

Our client’s interest is available by the way of a new effective Full Repairing and Insuring Lease (under terms to be negotiated), which is subject to the following quoting rents.

Unit 3 - £55,000 per annum (exclusive)

Unit 4 - £52,500 per annum (exclusive)

Unit 5 - £51,250 per annum (exclusive)

Unit 5a – Price On Application (Let separately or forming part of Unit 5)

Ground Floor Offices - £9,500 per annum (exclusive)

First Floor Offices - £9,500 per annum (exclusive)

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: 01792 479 850
Email: commercial@astleys.net