Prominent High Street Location adjacent to the Town’s Bus Station
Short distance from The Market Place Shopping Centre.
Nearby occupiers include Santander Bank, Shoe Zone, Peacocks Clothing and Sports Direct
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 80
Auction 19th May 2016
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Receivers, Bilfinger GVA
Property Information
Location
Miles
12 miles north west of Newport, 15 miles north of Cardiff, 41 miles east of Swansea
Roads
B4251, A469, A470
Rail
Pengam Rail (Direct to Cardiff Queen Street in 30 minutes)
Air
Cardiff International Airport
Situation
Blackwood is a popular commuter town just 12 miles north-west of Newport and 15 miles north of Cardiff. The property is situated in the heart of the town centre, occupying a prominent pitch onto the High Street just a short distance from The Market Place Shopping Centre which houses retailers such as Peacocks Clothing, Iceland, Brighthouse and Boots. Other nearby occupiers include Santander, Maxime Cinema and Shoe Zone. The property benefits from excellent transport links with the town centre bus stop located to the rear of the property and car parks located on either side of the High Street.
Tenure
Freehold.
Location
Miles
12 miles north west of Newport, 15 miles north of Cardiff, 41 miles east of Swansea
Roads
B4251, A469, A470
Rail
Pengam Rail (Direct to Cardiff Queen Street in 30 minutes)
Air
Cardiff International Airport
Situation
Blackwood is a popular commuter town just 12 miles north-west of Newport and 15 miles north of Cardiff. The property is situated in the heart of the town centre, occupying a prominent pitch onto the High Street just a short distance from The Market Place Shopping Centre which houses retailers such as Peacocks Clothing, Iceland, Brighthouse and Boots. Other nearby occupiers include Santander, Maxime Cinema and Shoe Zone. The property benefits from excellent transport links with the town centre bus stop located to the rear of the property and car parks located on either side of the High Street.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on second and third floors. The first floor has been sublet providing open plan retail accommodation for a number of small retailers along with a cafe. This part can be accessed via a separate staircase both from the High Street and from the bus station car park. The property benefits from loading doors to the rear of the property which provide lift access to all floors.
Six Week Completion
NB: As to the VAT status please refer to the special conditions.
Note
This property is being marketed for sale on behalf of the mortgagee of the property and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers appointed by the mortgagee to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers and the mortgagee are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on second and third floors. The first floor has been sublet providing open plan retail accommodation for a number of small retailers along with a cafe. This part can be accessed via a separate staircase both from the High Street and from the bus station car park. The property benefits from loading doors to the rear of the property which provide lift access to all floors.
Six Week Completion
NB: As to the VAT status please refer to the special conditions.
Note
This property is being marketed for sale on behalf of the mortgagee of the property and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers appointed by the mortgagee to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers and the mortgagee are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review (Reversion)
Ground First Second Third
Retail Retail (2) Ancillary Ancillary
1,168.34 sq m 1,153.57 sq m 705.04 sq m 51.18 sq m
20 years from 07/04/2000 on a full insuring and repairing lease
£117,000
06/04/2020
Total
3,078.15 sq m
(33,133 sq ft)
£117,000
(1) For the year ending 31st Jan 2015, Wilko Retail Limited reported a turnover of £1,444,563,000, pre-tax profits of £5,496,000 and a total net worth of £160,898,000. (Source: Experian Group 18/04/2016) (2) The first floor has been sublet and is trading as Emily’s Indoor Shops.