Poundworld, Market Square Merthyr Tydfil Mid Glamorgan CF47 8BY

Poundworld, Market Square
Merthyr Tydfil
Mid Glamorgan
CF47 8BY

Prime Freehold Retail Investment

  • Let to Poundworld Retail Limited on a new 10 year lease until 2024 (no breaks)
  • Prominent town centre position in the pedestrianised Market Square
  • Nearby occupiers include HSBC Bank, Halifax Bank, Specsavers Optician and Greggs
  • Located opposite St Tydfils Shopping Centre and Beacons Place Shopping Centre
  • Lot
    18
  • Auction
    11th December 2014
  • Rent
    £125,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of a Major Bank
Important Update
  • Expand
  • Photos
  • Map

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

Prime Freehold Retail Investment

  • Let to Poundworld Retail Limited on a new 10 year lease until 2024 (no breaks)
  • Prominent town centre position in the pedestrianised Market Square
  • Nearby occupiers include HSBC Bank, Halifax Bank, Specsavers Optician and Greggs
  • Located opposite St Tydfils Shopping Centre and Beacons Place Shopping Centre
  • Lot 18
  • Auction 11th December 2014
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of a Major Bank

Property Information

Location
Miles
24 miles north of Cardiff
38 miles east of Swansea
63 miles north-west of Bristol
Roads
A4054, A4102, A465, A470
Rail
Merthyr Tydfil Railway Station
Air
Cardiff Airport
Situation

The property, an island site with four frontages, is situated in an extremely prominent position within the prime pedestrianised section of High Street/Market Square. The property is situated opposite an entrance to St Tydfil Shopping Centre on one side and opposite Beacons Place Shopping Centre on the other which leads to the Tesco Extra supermarket and the rail station providing considerable additional footfall. Other nearby occupiers include HSBC Bank, Halifax Bank, Specsavers Optician and Greggs Bakers.

Tenure

Freehold.

Location
Miles
24 miles north of Cardiff
38 miles east of Swansea
63 miles north-west of Bristol
Roads
A4054, A4102, A465, A470
Rail
Merthyr Tydfil Railway Station
Air
Cardiff Airport
Situation

The property, an island site with four frontages, is situated in an extremely prominent position within the prime pedestrianised section of High Street/Market Square. The property is situated opposite an entrance to St Tydfil Shopping Centre on one side and opposite Beacons Place Shopping Centre on the other which leads to the Tesco Extra supermarket and the rail station providing considerable additional footfall. Other nearby occupiers include HSBC Bank, Halifax Bank, Specsavers Optician and Greggs Bakers.

Tenure

Freehold.

Description

The property comprises a retail unit over ground and first floors with ancillary accommodation on the remainder of the first floor.

NB. The letting to Poundworld Retail Limited concluded after competition from another major discount retailer.
More than 2,000 shoppers attended Poundworld’s opening day on October 30th, making it one of the most popular openings to date. (Source: Poundworld Website)

Six Week Completion

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 retail unit over ground and first floors with ancillary accommodation on the remainder of the first floor.

NB. The letting to Poundworld Retail Limited concluded after competition from another major discount retailer.
More than 2,000 shoppers attended Poundworld’s opening day on October 30th, making it one of the most popular openings to date. (Source: Poundworld Website)

Six Week Completion

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/(Reversion)
Ground
First
Retail
Retail/Ancillary
510.43 sq m
561.51 sq m
(5,497 sq ft)
(6,044 sq ft)
POUNDWORLD
RETAIL LIMITED (1)
10 years from 06/10/2014 on
a full repairing and insuring
lease
£125,000 06/10/2019
(05/10/2024)
Totals
1,071.94 sq m
(11,541 sq ft)
    £125,000

(1) For the year ending 31st March 2014, Poundworld Retail Limited reported a turnover of £345,259,000, pre-tax profits of £5,002,000 and a total net worth of
£11,498,000 (Source: www.riskdisk.com 03/11/2014).
Poundworld now trade from over 180 stores nationwide, employing over 5,100 employees (Source: Poundworld Website).

Property Documents

  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    19.11.14
    File Size
    100 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
Simmons & Simmons LLP City Point, One Ropemaker Court
London
EC2Y 9SS
James Curry 0207 825 3061james.curry@simmons-simmons.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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