The Factory Shop, St Teilo Street Pontardulais Swansea West Glamorgan SA4 8ST

The Factory Shop, St Teilo Street
Pontardulais
Swansea
West Glamorgan
SA4 8ST

Freehold Retail and Residential Investment

  • Majority let to The Factory Shop Limited until 2025 with residential flats on first floor
  • Adjacent to Tesco Superstore
  • Large on-site car park to rear
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    66
  • Auction
    10th December 2015
  • Rent
    £53,689 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of The Co-operative Estates
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Majority let to The Factory Shop Limited until 2025 with residential flats on first floor
  • Adjacent to Tesco Superstore
  • Large on-site car park to rear
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 66
  • Auction 10th December 2015
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of The Co-operative Estates

Property Information

Location
Miles
9 miles north-west of Swansea, 50 miles north-west of Cardiff
Roads
A48, A4138, M4 (Junction 48)
Rail
Pontarddulais Rail
Air
Cardiff International Airport
Situation

Pontarddulais is a town some 9 miles north-west of Swansea and within close proximity of Junction 48 of the M4 Motorway. The property is situated within the town centre adjacent to Tesco Superstore, the town’s main supermarket, with a number of other local retailers located nearby.

Tenure

Freehold.

Location
Miles
9 miles north-west of Swansea, 50 miles north-west of Cardiff
Roads
A48, A4138, M4 (Junction 48)
Rail
Pontarddulais Rail
Air
Cardiff International Airport
Situation

Pontarddulais is a town some 9 miles north-west of Swansea and within close proximity of Junction 48 of the M4 Motorway. The property is situated within the town centre adjacent to Tesco Superstore, the town’s main supermarket, with a number of other local retailers located nearby.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with 4 x two bedroom residential flats on the first floor. The property benefits from a large car park to the rear, accessed via Cambrian Place.

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 unit with 4 x two bedroom residential flats on the first floor. The property benefits from a large car park to the rear, accessed via Cambrian Place.

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 Reviews
Ground Retail/Ancillary
640 sq m
(6,890 sq ft)
THE FACTORY
SHOP LIMITED (1)
Approx 10 years from
03/02/2015 until
25/01/2025
£50,000 rising
to £56,750 in
2020
03/02/2020 (2)
Ground
First
Entrance
Residential
4 x Two Bedroom Flats
FAMILY
HOUSING
ASSOCIATION
25 years from
26/02/1996
£3,689 26/02/2021 and 5
yearly (3)
Totals  
640 sq m
(6,890 sq ft)
    £53,689

(1) For the year ending 30th March 2014, The Factory Shop Limited reported a turnover of £162,983,000, pre-tax profits of £1,785,000 and atotal net worth of £38,501,000. (Source: www.riskdisk.com 22/07/2015)
(2)For the purposes of clarification, The Factory Shop Limited is currently benefitting from a rent free period. The lease provides rental increases to £50,000 p.a. from 3rd May 2016 and to £56,750 p.a. from 3rd February 2020. The seller has agreed to adjust the completion monies so that the unit will effectively produce £50,000 p.a.x. from completion of the sale.
(3)As to the Family Housing Association lease, the 2006 and 2011 rent reviews are outstanding. The lease is excluded from the Landlord & Tenant Housing Act 1954.

Property Documents

  • Site Plan
    Updated Date
    18.11.15
    File Size
    74 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.15
    File Size
    776 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Weightmans Solicitors Pall Mall Court, 61-67 King Street
Manchester
M2 4PD
Steven Silver 0161 233 7473steven.silver@weightmans.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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