Freehold Tyre Depot Investment
Freehold Tyre Depot Investment
The property is situated on Penarth Road (A4160), the main arterial route leading to and from the west of Cardiff city centre.
The property is located within walking distance of the central rail and bus station. Neighbouring occupiers include BMW showrooms and garage, Big Yellow, Arriva Trains Wales and Enterprise Rent-a-Car.
Freehold.
The property is situated on Penarth Road (A4160), the main arterial route leading to and from the west of Cardiff city centre.
The property is located within walking distance of the central rail and bus station. Neighbouring occupiers include BMW showrooms and garage, Big Yellow, Arriva Trains Wales and Enterprise Rent-a-Car.
Freehold.
The property comprises a tyre and exhaust depot with five roller shutter doors. A forecourt area to the front provides parking facilities for approximately 8 cars. The property has a site area of approximately 0.08 hectares (0.2 acres).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a tyre and exhaust depot with five roller shutter doors. A forecourt area to the front provides parking facilities for approximately 8 cars. The property has a site area of approximately 0.08 hectares (0.2 acres).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Mezzanine |
Tyre Depot Ancillary |
394.65 sq m 95.32 sq m |
(4,248 sq ft) (1,026 sq ft) |
GOODYEAR DUNLOP TYRES UK LTD (t/a King David Tyres) (1) |
25 years from 20/04/1995 until 2020 on a full repairing and insuring lease |
£56,200 |
20/04/2015 (3) |
| Totals | 489.97 sq m |
(5,274 sq ft) (2) |
£56,200 | ||||
(1) The Goodyear Tire and Rubber Company is the ultimate holding company and is one of the world’s largest tyre manufacturers with global sales of $21,000,000,000 in 2012. (Source: www.goodyear.com 25/02/2014).
(2) The floor areas stated above were agreed at the 2005 rent review.
(3) For rent review purposes the permitted user clause in the lease includes non-food retail warehouse within Class A1.
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