7-21 (Odd) & 27-43 (Odd) Newport Road Caldicot Gwent NP26 4BG

7-21 (Odd) & 27-43 (Odd) Newport Road
Caldicot
Gwent
NP26 4BG

Substantial Freehold Ground Rent Investment

  • Let for 125 years until 2089 (74 years Unexpired)
  • Includes 18 Retail Units and 8 Residential Flats
  • Head Rent approximately 45% of all Rents Receivable with 7 Yearly Rent Reviews (Next in June 2019)
  • Strategic and Major Part of the Town Centre
  • Approximate Site Area of 0.68 Hectares (1.68 Acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    52
  • Auction
    19th May 2016
  • Rent
    £162,037 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Substantial Freehold Ground Rent Investment

  • Let for 125 years until 2089 (74 years Unexpired)
  • Includes 18 Retail Units and 8 Residential Flats
  • Head Rent approximately 45% of all Rents Receivable with 7 Yearly Rent Reviews (Next in June 2019)
  • Strategic and Major Part of the Town Centre
  • Approximate Site Area of 0.68 Hectares (1.68 Acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 52
  • Auction 19th May 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
21 miles west of Bristol, 24 miles east of Cardiff, 6 miles south of Chepstow
Roads
M4, M48
Rail
Caldicot Railway Station
Air
Bristol Airport
Situation

Caldicot is a historic town located between Bristol and Cardiff and strategically located between the M4 and M48 motorways. The property is situated on the north side of pedestrianised Newport Road, the principal retailing street in the heart of the town centre. Major occupiers close by include Waitrose Supermarket, Barclays bank and HSBC bank.

Tenure

Freehold. (Land Registry Title No.WA701850).

Location
Miles
21 miles west of Bristol, 24 miles east of Cardiff, 6 miles south of Chepstow
Roads
M4, M48
Rail
Caldicot Railway Station
Air
Bristol Airport
Situation

Caldicot is a historic town located between Bristol and Cardiff and strategically located between the M4 and M48 motorways. The property is situated on the north side of pedestrianised Newport Road, the principal retailing street in the heart of the town centre. Major occupiers close by include Waitrose Supermarket, Barclays bank and HSBC bank.

Tenure

Freehold. (Land Registry Title No.WA701850).

Description

The property comprises a parade of 18 retail units, with ground floor retail accommodation and a majority with first floor ancillary accommodation. There are also 8 self-contained residential flats on the first floor above 8 of the retail units. The property benefits from a substantial rear service yard and car park which is accessed via Jubilee Way. The property also benefits from having one of the town centre’s main car parks at the rear of the property.

The property falls within the area of Caldicot town centre regeneration. Initial thoughts include ‘improving, extending and remodelling retail frontages to accommodate larger retail units and a more interesting streetscape’. In addition, creating an apartment block on part of the rear public car park and part of the service road to create a strong frontage to Jubilee Way and improving the outward appearance of the town centre.
For more information see http://www.caldicottownteam.co.uk/wp-content/uploads/2016/03/Caldicot-VRDP-1.pdf

Six Week Completion

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a parade of 18 retail units, with ground floor retail accommodation and a majority with first floor ancillary accommodation. There are also 8 self-contained residential flats on the first floor above 8 of the retail units. The property benefits from a substantial rear service yard and car park which is accessed via Jubilee Way. The property also benefits from having one of the town centre’s main car parks at the rear of the property.

The property falls within the area of Caldicot town centre regeneration. Initial thoughts include ‘improving, extending and remodelling retail frontages to accommodate larger retail units and a more interesting streetscape’. In addition, creating an apartment block on part of the rear public car park and part of the service road to create a strong frontage to Jubilee Way and improving the outward appearance of the town centre.
For more information see http://www.caldicottownteam.co.uk/wp-content/uploads/2016/03/Caldicot-VRDP-1.pdf

Six Week Completion

VAT

VAT is not 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 (Part)
First (Part)
Retail
Ancillary
Residential
2,083.43 sq m
394.88 sq m
8 self-contained Residential flats
(22,426 sq ft)
(4,251 sq ft)
MW PROPERTIES (3)
LIMITED
125 years (less 3 days) from
24/06/1964 until
2089
£162,037 24/06/2019
and 7 yearly thereafter (1)
Total
Commercial Area
  2,482.23 sq m (26,719 sq ft) £162,037

(1) The rent is reviewed every 7 years to a formula detailed in the lease assignment, equating to approximately 45% of “all Rents Receivable”. The current rent is based on an Annual Income Value of £359,270. Please see legal pack for further information.

Property Documents

  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    31.10.19
    File Size
    76 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Clifton Ingram 22 - 24 Broad Street
Wokingham
Berkshire
RG40 1BA
Chris Baggs 0118 912 0258chrisbaggs@cliftoningram.co.uk

Useful Links

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

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