Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles north-east of Swansea, 46 miles north-west of Cardiff
Roads
A465, A474, M4
Rail
Neath Railway Station
Air
Swansea Airport
Situation
The property is prominently situated at the junction of Cadoxton Road and the B4434, a busy arterial route into Neath town centre. Nearby occupiers on the Vale of Neath Retail Park include Halfords, Lidl and Topps Tiles.
Tenure
Freehold.
Location
Miles
7 miles north-east of Swansea, 46 miles north-west of Cardiff
Roads
A465, A474, M4
Rail
Neath Railway Station
Air
Swansea Airport
Situation
The property is prominently situated at the junction of Cadoxton Road and the B4434, a busy arterial route into Neath town centre. Nearby occupiers on the Vale of Neath Retail Park include Halfords, Lidl and Topps Tiles.
Tenure
Freehold.
Description
The property comprises restaurant accommodation on the ground floor, benefitting from drive-through facilities and a site area of 0.29 hectares (0.72 acres) with approximately 30 car parking spaces.
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 restaurant accommodation on the ground floor, benefitting from drive-through facilities and a site area of 0.29 hectares (0.72 acres) with approximately 30 car parking spaces.
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
Restaurant
226.21 sq m
(2,435 sq ft)
UNIONBURGER LIMITED (1) (t/a Burger King)
25 years from 26/10/1998 until 2023 on a full repairing and insuring lease
£60,500
26/10/2018
Totals
226.21 sq m
(2,435 sq ft)
£60,500
1) For the year ending 30/03/2014, Unionburger Limited reported a turnover of £10,712,606, pre-tax profits of £896,157 and a total net worth of £371,371. (Source: www.riskdisk.com 29/01/2015)
