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Aberdare

 Aberdare investment
Available
Asking price
£4,500,000
Net initial yield
6.61%

81,000 sq ft Single let Industrial Investment

Units 12,13&14, Aberaman Industrial Estate

  • Let to Fiberweb Geosynthetics Limited (incorporated in 7 October 1981) and guaranteed by Chicopee Holdings BV which forms part of the wider group www.berryglobal.com
  • Long-term, secure income until 28th November 2032
  • Passing rent of £319,382.32 per annum (£3.94 psf)
  • There is an open market review in 2027 (with a cap of £365,000)
  • There is a strong occupational story with the Tenant in full occupation and recently secured an investment of £6m on a Melt Blown line at the facility.
  • The Tenant has been in occupation on a leasehold basis since 2002 (circa 19 years) and prior to that owned the Freehold.
  • They further demonstrated their commitment to the location by signing a new 10 year reversionary lease commencing in 2022.
  • Low Capital Value of £59 per sq ft.
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