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Wales Double letting success at Resolven


location as it provides occupiers with easy access to key transport routes including junction 43 of the M4,” comments Jason Thorne, a Director at LSH.


“It is a modern, attractive site and very strong strategically which is why the park’s light industrial and warehouse units are now all occupied, with only some office accommodation still available,” he adds.


Two recent transactions have brought the industrial element of a mixed-use business park in Neath up to full occupancy, Lambert Smith Hampton (LSH) can report.Acting for a local investor, the national commercial property consultants have completed deals at Neath Vale Business Park in Resolven.


Paragon Engineered Timber Ltd has taken a five-year lease on a 11,115 sq ft manufacturing facility at £35,000 per annum. And separately, Recycle Direct has let 13,035 sq ft of space also on five-year terms and at £27,000 per annum.


“Situated next to the A465 Heads of the Valleys road five miles north of Neath, the park has become a popular business


Paragon, a sister company of Castle Carpentry, specialises in manufacturing timber roof trusses for house builders. Recycle Direct which provides new, used and refurbished recycling machinery, moved to its new base at the Neath Vale business park in October, relocating from smaller premises in Bridgend. The company has grown considerably to become the largest independent company in the UK to specialise in spares and service for Lindemann machinery as well as providing recycling solutions for the management of paper, plastic and general waste.


Other occupiers choosing the park as their base include Magor Designs, Mollart Engineering and Automotive UK.


Lsh Wales strengthens team with new building director


Lambert Smith Hampton (LSH) has appointed Simon Lewis as the new Director and Regional Head of Building Consultancy for its Wales and South West region. Simon brings a wealth of experience to the national commercial property consultancy with a career spanning over 20 years working for independents and national names across a variety of disciplines.LSH which boasts 30 offices across the UK and Ireland, is the only national firm to have offices in both Cardiff and Swansea where it employs some 24 staff. Its Regional Head, Lee Mogridge, says: “Building and Project consultancy is a key and long-established division within LSH where for over two decades we have serviced the needs of a number of high-profile clients including the BBC. BT, TH Real Estate and Patrizia Property Investment Managers.


“We are pleased to welcome Simon to the team where he’ll have the opportunity to build on his local knowledge and expertise working with a wide range of occupier, landlord and investor clients across multiple sectors.”


Barry, South Wales Freehold Care Home Investment Opportunity Coldbrook Road East, Cadoxton, CF63 1NG


• Prominent corner position, approximate area 0.8 acres


• Planning permission for 71-bed – could amend for more specialist care approximately one mile from town centre


• Adjacent to older, quality housing and modern residential development


• Schools and shopping within walking distance All enquiries


Gerald Eve LLP 32 Windsor Place Cardiff CF10 3BZ


Tel. +44 (0)29 2038 8044 Ref: PGR


Tower Gardens, Swansea SA1 6PN Freehold Site For Sale Residential or Care Home Development Opportunity


• Prominent corner position, approximate area 0.58 acres • Planning permission for 70-bed care home • Could achieve alternative residential permission • Approximately three miles from city centre • Nine unit shopping development within one minute walk • Other community facilities nearby


34


COMMERCIAL PROPERTY MONTHLY 2019


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