Memory Lane Cakes - Industrial for sale in Cardiff

Memory Lane Cakes is one of the UK’s leading suppliers of pre-packed cakes to leading supermarkets ‘own label’ cake ranges and produces under licence for the likes of Disney, Thorntons, Mars and Mary Berry.. Memory Lane Cakes hosts five bakeries with nine main production lines, producing 41 million cakes, traybakes and seasonal treats each year. Located at the site since 1958, it is now Cardiff’s second-largest private employer, with around 850 staff, managing a round-the-clock operation.. The facility has been heavily invested in over the years, including a state of the art whole cake line installed in 2017. Significant further automation investment is planned over the next three years.. Well located with quick access to both central Cardiff and Junction 32 of the M4 motorway.. The property has a Gross Internal Area of around 210,305 sq ft across three buildings.. The site totals around 8.59 acres and 130m of site frontage.. A new 25 year lease to Memory Lane Cakes Limited, with tenant only break options on the 10th, 15th, and 20th anniversaries.. Five yearly upwards only rent reviews to the higher of the open market rent or compounded CPI (1.0%-3.0% annual collar and cap), subject to an overall cap of 15.927%.. The initial rent will be £630,000 per annum equating to £3.00 psf.. Memory Lane Cakes Limited represents an excellent tenant covenant with a turnover of £89.6m and a D&B rating of 3A2.. The lease will be guaranteed by Finsbury Food Group Limited who have a turnover of £452m and D&B rating of 5A1.. The site is underpinned by residential use positioned in an affluent, well-connected and sought after suburb in north Cardiff.. Freehold. OVERVIEW Highly successful and well established manufacturing facility in north Cardiff. As a global commercial real estate services leader with 52,000 professionals worldwide, we will never settle for the world that’s been built, but relentlessly drive it forward for our clients, colleagues and communities.