Morfa Foundry, Machynys Road, LLANELLI, Dyfed, SA15 2DN

Freehold Industrial Investment
Let to subsidiary of MBH Corporation PLC
Rent Reserved £100,000 per annum

Location:
Lying just south of Llanelli, Machynys is a coastal location within Carmarthenshire with its industrial heritage dating back to the 19th century. It is still home to a host of manufacturing businesses and has a range of r
attractions to the locality including being home to the first Nicklaus designed golf course in Wales. The locality is well served by transport links with the A4138 directly connecting the town to the M4 motorway at junction 48.The rail station at Llanelli provides direct links to Newport and Swansea.

Description:
Set within this extensive site of just under one acre with the accommodation comprising four principle buildings of a total gross internal area of some 38,195 sq.ft. These buildings are arranged to provide a mix of industrial space providing fabrication shops, machine shops, storage and ancillary space and office accommodation. The production areas all have high headrooms ranging from 8.4 m to 12.4 m and are provided with travelling gantry facilities.

Accommodation: Total Gross Internal Area 38,195 sq ft

Total Site Area 0.9 acre

EPC Rating : D100

Tenancy:
The entire property is let to 3K’s Engineering Company Limited (who have occupied the premises for many years) for 20 years without break clause from 2021 at a current rent of £100,000 per annum. The lease is on full repairing and insuring terms and provides for upward only rent reviews every 5 years.

Rent Reserved:
£100,000 per annum.

Tenant Information:
3K’s Engineering Company Limited was established in 1969 and is a wholly owned subsidiary of MBH Corporation PLC who reported a turnover in excess of £60 Million and gross profits of £12.6 Million in the last financial year. 3K’s Engineering Company Limited provides a large fabrication and heavy machining service and is one of the largest companies offering this one stop dual role in the UK





Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.