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Newtown is the largest town in the county of Powys, Mid Wales being located within 8 miles from the Wales England border, 80 miles directly west of Birmingham and 97 miles north of Cardiff. Newtown has recently benefitted from the completion of the four-mile Newton Bypass in August 2018, which has allowed faster and more direct access into the estate from the wider area and eased the traffic through Newtown.
Newtown Railway Station also offers alternative access to the town, which runs eastwards to Shrewsbury and Birmingham and westwards to Aberystwyth.
Vastre Industrial Estate is an established and popular estate within Newtown. The subject property comprises two parades of units within the larger estate.
The subject property is situated to the west of the entrance of the estate comprising two unbroken terraces of industrial workshop style accommodation totalling 10 units which are of brick construction under mono pitched corrugated roofs benefiting from translucent light panels. Each of the units has a concrete floor with a lined roof and suspended lighting systems with access provided by way of secured double doors to the front of each unit. Unit 25 benefits from roller shutter access to the west elevation and parking provision is provided surrounding the units and to the front and rear of the estate.
The property is sold freehold subject to the occupational lease below.
The property produces an annual rent of £11,700 exclusive of VAT. It is fully let in accordance with the tenancy schedule below on 10 year full tenant repairing lease from with 3 yearly rent reviews to the greater of RPI or market rent. The leases are subject to a tenant only break clause at the fifth year of the term subject to 12 months prior written notice.
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