Barclay House and Tudor House are situated on Pontygwindy Industrial Estate, one of Caerphilly’s well established primary industrial and commercial locations, with a variety of occupiers involved in office, retailing, warehousing, distribution and manufacturing.  The subject property is directly accessible from Pontygwindy Road, which provides access to Caerphilly Town Centre 1 mile to the south and the A468 Caerphilly Ring Road to the north.  The Ring Road links to the A470 providing access to Junction 32 of the M4 motorway and Cardiff.

The buildings also benefit from a range of nearby amenities including an Asda Superstore, Starbucks, family pubs and restaurants and local shopping.

The property comprises 2 two storey office buildings with some small single storey elements.  Barclay House fronts onto Pontygwindy Road with Tudor House behind with a first floor walkway joining the two.

The area around the buildings is laid to tarmac and provides parking for 45+ cars.

Both buildings are single let on FRI terms, subject to a Schedule of Condition, to Moorhouse Group Ltd for 10 years from the 21 December 2023 – expiring 20 December 2033 with no breaks at a rent of £64,000 p.a. paid quarterly.  This equates to only £4.37 psf overall.  The lease provides for a rent review – upwards only to the Open Market Rent at the end of Year 5, ie. 21^st December 2028.

Offers are being sought in the region of £1.05M subject to contract and VAT.

A purchase at this level reflecting a Net Initial Yield of 5.76%, a Reversionary Yield of 10.56% (£8.00 psf) and a Low Capital Value of £71.62 psf – subject to Standard Purchaser’s Costs of 5.75%.