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Property
Key information
Property description & features
- Tenure: Leasehold
- Long leasehold office investment
- Entirely let to The Secretary of State for Communities and Local Government
- Approximately 1,900.41 sq m (20,456 sq ft)
- Site area approximately 0.84 hectares (2.07 acres)
- Modern building including law courts and administritive offices
- Substantial on site surface car parking
- Guide price reflects a gross initial yield of 15.18%
- Producing £364,312 per annum
- Online Auction on Wednesday, 30 October 2024
A substantial two storey building of modern construction that was developed approximately thirteen years ago and totals approximately 1,900.41 sq m (20,456 sq ft), The ground floor is arranged as a series of court rooms and consulting rooms as well as a mix of cellular and open plan general office areas and additional ancillary accommodation. The first floor is arranged in a similar manner providing additional court rooms and office areas/consulting rooms as well as additional ancilalry accommodation. Externally there is surface car parking for 116 cars plus an additional seven disabled bays on a site extending to approximately 0.84 hectares (2.07 acres).
Location:
Port Talbot forms part of the Neath Port Talbot district lying on the east side of Swansea Bay approximately 9 miles east of Swansea and 33 miles north west of Cardiff and has a population of approximately 142,000 (2001 estimate). The town lies immediately to the south of the M4 motorway, which can be accessed via junctions 38 to 41 via the A48. Port Talbot Parkway railway station is on the South Wals Main Line and provides regional rail links as well as regular services to London Paddington. In 2017, a new £5.6 million Integrated Transport hub was completed linking Port Talbot Parkway with new bus and taxi links and included extensive upgrades to the railway station and surrounding area. Additionally, numerous bus routes serve the area and Port Talbot bus station also serves as a National Express stop providing national coach services.
Harbourside Business Park forms part of the Harbourside project that has involved the redevelopment of Port Talbot's former docks quarter transforming the area into a substantial commercial hub providing inward investment and employment opportunities. Future plans include a new 42,000 sq ft Research and Development village as well the development of a new campus for Neath Port Talbot Group of Colleges that has been given provisional Welsh Government approval.
Access to Harbourside is via Harbour Way, a new £107 million distributor road connecting directly to the M4 motorway. Harbourside Road runs north from Harbour Way with the property lying on its west side within a short walking distance of Port Talbot Railway Station. Notable nearby include Network Rail, TWI and Tata Steel.
Online Auction on Wednesday, 30 October 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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Broadband availability and predicted speed: obtained from Ofcom on October 7, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on October 7, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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