1 - 5 Crane Street Pontypool NP4 6LY

1 - 5 Crane Street
Pontypool
NP4 6LY

Modern Freehold Retail Parade Investment

Let to Peacocks, Wilko, Farmfoods and Argos
Five modern retail units totalling approximately 4,308.91 sq m (46,381 sq ft)
Prominent town centre location
Nearby occupiers include Boots the Chemist, New Look, Poundstetcher, Iceland and HSBC
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
49
Auction
22nd October 2015
Rent
£288,000 per Annum Exclusive
Status
Sold
Price
£2,370,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update

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Modern Freehold Retail Parade Investment

Let to Peacocks, Wilko, Farmfoods and Argos
Five modern retail units totalling approximately 4,308.91 sq m (46,381 sq ft)
Prominent town centre location
Nearby occupiers include Boots the Chemist, New Look, Poundstetcher, Iceland and HSBC
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 49
Auction 22nd October 2015
Rent £288,000 per Annum Exclusive
Status Sold
Price £2,370,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 9 miles north of Newport, 20 miles north-east of Cardiff
Roads: A4042, A40, A449, M4 (Junction 25A & 26)
Rail: Pontypool & New Inn Railway Station
Air: Cardiff Airport

Situation

Pontypool is well located off the A4042 dual carriageway, which provides access to Junction 25A of the M4 to the south. In turn, the M4 provides access to Cardiff to the west and Bristol and London to the east. The property is prominently situated on the west side of Crane Street close to its junction with pedestrianised George Street. Nearby occupiers include Boots the Chemist,
New Look, Poundstretcher, Iceland and HSBC.

Tenure

Freehold.

Location

Miles: 9 miles north of Newport, 20 miles north-east of Cardiff
Roads: A4042, A40, A449, M4 (Junction 25A & 26)
Rail: Pontypool & New Inn Railway Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a parade of five modern retail units arranged over ground and first floors. Unit 5 is detached and is separated by an arched entrance to a large service yard to the rear which serves all five units and provides staff car parking. All of the units benefit from lift access to the first floor and rear loading doors to the service yard.

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

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
1	Ground First	Retail Ancillary	528.67 sq m 230.86 sq m	(5,691 sq ft) (2,485 sq ft)	PEACOCKS STORES LIMITED (1)	15 years from 29/09/2004	£52,000	29/09/2014 (28/09/2019)
2 & 3	Ground First	Retail Ancillary	1,431.98 sq m 179.41 sq m	(15,414 sq ft) (1,931 sq ft)	WILKO RETAIL LIMITED (2)	15 years from 08/10/2004	£115,000	08/10/2014 (07/10/2019)
4	Ground First	Retail Ancillary	413.69 sq m 413.69 sq m	(4,453 sq ft) (4,453 sq ft)	FARMFOODS LIMITED (3)	15 years from 29/09/2004	£46,000	29/09/2014 (28/09/2019)
5	Ground First	Retail Ancillary	554.46 sq m 556.15 sq m	(5,968 sq ft) (5,986 sq ft)	ARGOS LIMITED (4)	15 years from 31/08/2004	£70,000	31/08/2014 (30/08/2019)
Wayleave Agreement					ICELAND FROZEN FOODS PLC		£5,000	(07/10/2019)
Totals			4,308.91 sq m	(46,381 sq ft)			£288,000

(1) For the year ending 01/03/2014, Peacocks Stores Limited reported a turnover of £324,874,000, pre-tax profits of £58,471,000 and a total net worth of £90,545,000. (Source: Experian Group 25/09/2015)
(2) For the year ending 31/01/2015, 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 25/09/2015)
(3) For the year ending 03/01/2015, Farmfoods Limited reported a turnover of £811,765,000, pre-tax profits of £20,810,000 and a total net worth of £80,748,000.
(Source: Experian Group 25/09/2015)
(4) For the year ending 28/02/2015, Argos Limited reported a turnover of £3,919,176,000, pre-tax profits of £97,146,000 and a total net worth of £1,202,554,000. (Source: Experian Group 25/09/2015)