Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1.4 miles north-west of Neath town centre, 7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A4230, M4 (Junction 43)
Rail
Neath Rail
Air
Cardiff Airport
Situation
The property is located within a densely populated and predominantly residential suburb, some 1.5 miles north-west of the popular market town of Neath.
The property forms part of the prominent roadside Neath View Retail Centre comprising five units, with the other units occupied by businesses such as Pipers Fish Bar, Mint Masala, Rokoko Hair and Beauty and Barnardo’s.
Tenure
Freehold.
Location
Miles
1.4 miles north-west of Neath town centre, 7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A4230, M4 (Junction 43)
Rail
Neath Rail
Air
Cardiff Airport
Situation
The property is located within a densely populated and predominantly residential suburb, some 1.5 miles north-west of the popular market town of Neath.
The property forms part of the prominent roadside Neath View Retail Centre comprising five units, with the other units occupied by businesses such as Pipers Fish Bar, Mint Masala, Rokoko Hair and Beauty and Barnardo’s.
Tenure
Freehold.
Description
The property comprises a ground floor retail and ancillary unit, currently used as a convenience store. The property benefits from car parking for some 46 cars, a dedicated service yard and a total approximate site area of 0.699 acres (0.283 hectares). The property forms part of a larger retail scheme, adjoining a parade of four units. These units are held in a separate title but benefit from rights of access and car parking rights over the site being offered for sale.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 a ground floor retail and ancillary unit, currently used as a convenience store. The property benefits from car parking for some 46 cars, a dedicated service yard and a total approximate site area of 0.699 acres (0.283 hectares). The property forms part of a larger retail scheme, adjoining a parade of four units. These units are held in a separate title but benefit from rights of access and car parking rights over the site being offered for sale.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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
Ground
Convenience Store
384.51 sq m
(4,138 sq ft)
TESCO STORES LIMITED (1)
15 years from 23/10/2009 until 22/10/2024 on a full repairing and insuring lease
£62,815
23/10/2019 (2)
Totals
384.51 sq m
(4,138 sq ft)
£62,815
(1) Tesco Stores Ltd is one of the largest supermarket chains in the UK, with over 3,500 stores and over 310,000 employees. (Source: Tesco.com 03/11/2015) (2)The rent review is linked to the Retail Price Index.