Nolton House Nolton Street Bridgend Mid Glamorgan CF31 1BX

Nolton House
Nolton Street
Bridgend
Mid Glamorgan
CF31 1BX

Freehold Retail Investment

  • Substantial and prominent building entirely let to Wilko Retail Limited
  • Excellent trading location between the Bridgend Shopping Centre and Rhiw Shopping Centre
  • Adjacent to one of the town’s largest car parks
  • Future development potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    72
  • Auction
    19th May 2016
  • Rent
    £174,685 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,375,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Receivers, Bilfinger GVA
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Substantial and prominent building entirely let to Wilko Retail Limited
  • Excellent trading location between the Bridgend Shopping Centre and Rhiw Shopping Centre
  • Adjacent to one of the town’s largest car parks
  • Future development potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 72
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £1,375,000
  • 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
20 miles west of Cardiff, 22 miles south-east of Swansea
Roads
M4 (Junction 36), A48, A473
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation

The property is situated within the town centre, on the eastern side of Nolton Street at a busy interchange between Rhiw Shopping Centre and Bridgend Shopping Centre, which is located opposite. The property further benefits from having one of the town's largest car parks immediately to the rear, providing easy access to the property and to the shopping centres.

Tenure

Freehold.

Location
Miles
20 miles west of Cardiff, 22 miles south-east of Swansea
Roads
M4 (Junction 36), A48, A473
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation

The property is situated within the town centre, on the eastern side of Nolton Street at a busy interchange between Rhiw Shopping Centre and Bridgend Shopping Centre, which is located opposite. The property further benefits from having one of the town's largest car parks immediately to the rear, providing easy access to the property and to the shopping centres.

Tenure

Freehold.

Description

The property comprises retail accommodation over ground and first floors, with storage and ancillary space on the second floor. The property benefits from access off Nolton Street, adjacent to Boots and additionally off Brackla Street, opposite the main entrance to the Bridgend Shopping Centre.

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 retail accommodation over ground and first floors, with storage and ancillary space on the second floor. The property benefits from access off Nolton Street, adjacent to Boots and additionally off Brackla Street, opposite the main entrance to the Bridgend Shopping Centre.

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 Reversion
Ground
First
Second
Retail/Ancillary
Retail/Ancillary
Ancillary
1,255.20 sq m
1,218.50 sq m
526.80 sq m
(13,511 sq ft)
(13,115 sq ft)
(5,670 sq ft)
WILKO RETAIL
LIMITED
20 years from 26/07/1999 £174,685 25/07/2019
Total  
3,000.50 sq m
(32,296 sq ft)
    £174,685

(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)

Property Documents

  • Site Plan
    Updated Date
    27.04.16
    File Size
    79 KB
    View PDF
  • Catalogue Page
    Updated Date
    27.04.16
    File Size
    977 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
Trowers & Hamlins The Senate, Southernhay Gardens
Exeter
EX1 1UG
Ben Neary 0)1392 221950bneary@trowers.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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