Caerphilly, Gwent – Headquarters Building with 14.4 Years Unexpired and Fixed Uplifts
phs Building, Western Industrial Estate, Caerphilly, Cardiff, CF83 1XH
Offers in excess of £5,975,000
- Property Type:
- Sub Type:
- Net Initial Yield:
- Purpose built Headquarters office building.
- Located on a well-established industrial estate 9 miles north of Cardiff.
- Let to Personnel Hygiene Services Limited until 2036 (14.4 years unexpired) with no breaks.
- Guaranteed by PHS Group Holdings Limited – founded in 1963.
- Producing a current income of £413,851 per annum.
- The rent is subject to fixed 5-yearly rental uplifts of 2.75% per annum, next uplift due 2026.
- Single storey office accommodation providing 32,755 sq ft (3,043 sq m) with approx. 220 car parking spaces.
- Serving 58 depots nationwide.
- Well-connected to UK motorway network via the M4.
- The vendor is seeking offers in excess of £5,975,000 subject to contract and exclusive of VAT. Based on this level of pricing, this reflects a net initial yield of 6.50% assuming standard purchasers costs, rising to 7.44% in 2026 based on the guaranteed rental uplift.