Tue, 14 Mar 2023 | COMMERCIAL PROPERTY
A Swansea industrial estate has been put up for sale with an asking price of £5.5 million. The 17.51 acre Prospect Park estate is being marketed for sale by the Cardiff office of specialist property advisory firm Savills on behalf of Colmac Estates.
The estate covers an area of 189,000 sq ft and is currently close to 100 per cent occupied, with existing tenants including Hurns Brewery, Unichem, PromineMono, TNT and Welsh Boxes. In addition, the site also includes plots with potential for future development, conditional on the requisite planning approval being gained.
The Prospect Park estate is located at Queensway, part of the Swansea West Business Park. The site generates rental income around £590,000 per year, which represents a net initial yield of close to 10 per cent and a capital value of over £29 per sq ft.
The park, which is in a well-established industrial and commercial location, is located approximately 3 miles south east of Swansea city centre and also offers good road links for tenants, with junction 47 of the M4 motorway located just 2.5 miles to the north of the park via the A483 Carmarthen Road.
Commenting on the sale, Savills Cardiff director and head of investment Ross Griffin said: “Wales is facing a shortage of industrial space and so it is becoming increasingly rare to see an industrial estate of this scale hit the market and one of a freehold nature in Swansea.”
“Investors will have the additional benefit of further development potential on the site as well as further rental growth and as a result we expect strong demand.”
Read about another piece of industrial property that recently hit the market in Wales.
One of the best ways to find properties below market price is to look at recent administrations.
Find businesses for sale here.
The company operates as a specialist designer and crafter of bespoke furniture, interior joinery and luxury drinks cabinets for high-end clients around the world.
FREEHOLD
Highly regarded business operating for over five years. Operates a range of plastic reprocessing systems to produce high-quality plastic feedstock, serving clients within the UK and Europe. Continues to invest in a range of plant and machinery, inclu...
FREEHOLD
Outstanding opportunity to acquire long established Ltd CO with impressive private & public sector client base offering wide range of professional insurance approved services from secure & well maintained circa two acre site with spacious & superbly...
FREEHOLD
28
|
Mar
|
Landscaping firm set to pass £20m turnover as it unveils latest acquisition | BUSINESS SALE
UK Landscapes, a private equity-backed landscaping firm base...
28
|
Mar
|
Steel group acquires majority of counterpart’s assets from administrators | ADMINISTRATION
Barrett Steel has completed the acquisition of the majority ...
27
|
Mar
|
Video surveillance firm sold out of administration | ADMINISTRATION
Video surveillance provider Cloudview has been sold out of a...
Sign up to receive our acquisition alert emails to get your FREE guide
28
|
Mar
|
Steel group acquires majority of counterpart’s assets from administrators | ADMINISTRATION
Barrett Steel has completed the acquisition of the majority ...
28
|
Mar
|
Landscaping firm set to pass £20m turnover as it unveils latest acquisition | BUSINESS SALE
UK Landscapes, a private equity-backed landscaping firm base...
27
|
Mar
|
Compliance firm announces acquisition and PE backing for M&A | BUSINESS NEWS
Leicestershire-based compliance and safety group Obsequio Gr...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.