51 Penarth Road Cardiff Glamorgan CF10 5DL

51 Penarth Road
Cardiff
Glamorgan
CF10 5DL

Freehold Tyre Depot Investment

  • Let to Goodyear Dunlop Tyres UK Ltd until 2020, trading as King David Tyres
  • Rent Review 2015
  • Nearby occupiers include Big Yellow, BMW, Arriva Trains Wales and Enterprise Rent-a-Car
  • 6 Week Completion
  • Lot
    40
  • Auction
    27th March 2014
  • Rent
    £56,200 per Annum Exclusive
  • Status
    Sold
  • Price
    £700,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
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* More information on the term "guide" can be found here

Freehold Tyre Depot Investment

  • Let to Goodyear Dunlop Tyres UK Ltd until 2020, trading as King David Tyres
  • Rent Review 2015
  • Nearby occupiers include Big Yellow, BMW, Arriva Trains Wales and Enterprise Rent-a-Car
  • 6 Week Completion
  • Lot 40
  • Auction 27th March 2014
  • Rent
  • Status Sold
  • Price £700,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
1 mile west of Cardiff city centre
15 miles south-west of Newport
45 miles west of Bristol
Roads
M4, A4160, A48, A470
Rail
Cardiff Central Rail
Air
Cardiff Airport
Situation

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.

Tenure

Freehold.

Location
Miles
1 mile west of Cardiff city centre
15 miles south-west of Newport
45 miles west of Bristol
Roads
M4, A4160, A48, A470
Rail
Cardiff Central Rail
Air
Cardiff Airport
Situation

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.

Tenure

Freehold.

Description

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

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 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

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
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.

Property Documents

  • Site Plan
    Updated Date
    05.03.14
    File Size
    33 KB
    View PDF
  • Catalogue Page
    Updated Date
    05.03.14
    File Size
    548 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
Hamlins Solicitors Roxburghe House, 273-287 Regent Street
London
W1B 2AD
Nigel Mason 020 7355 6103nmason@hamlins.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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