20 Great Darkgate Street Aberystwyth Ceredigion SY23 1DE

20 Great Darkgate Street
Aberystwyth
Ceredigion
SY23 1DE

Freehold Retail Investment

Entirely let to C & J Clark International Limited t/a Clarks
Tenant in occupation since at least 1982
Situated on Aberystwyth’s prime retail thoroughfare
Nearby occupiers include New Look, Superdrug, Holland & Barrett, White Stuff, HSBC, Waterstones and Vision Express
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
71
Auction
19th May 2016
Rent
£45,000 per Annum Exclusive
Status
Sold
Price
£587,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of CBRE Receivers

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Entirely let to C & J Clark International Limited t/a Clarks
Tenant in occupation since at least 1982
Situated on Aberystwyth’s prime retail thoroughfare
Nearby occupiers include New Look, Superdrug, Holland & Barrett, White Stuff, HSBC, Waterstones and Vision Express
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 71
Auction 19th May 2016
Rent £45,000 per Annum Exclusive
Status Sold
Price £587,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of CBRE Receivers

Property Information

Location

Miles: 39 miles west of Newtown, 64 miles north of Swansea, 109 miles west of Birmingham
Roads: A487, A44
Rail: Aberystwyth Rail
Air: Cardiff Airport

Situation

The property is situated in the heart of the town centre on the south side of Great Darkgate Street, the town's prime retail pitch. Nearby occupiers include New Look, Superdrug, Holland & Barrett,
White Stuff, HSBC, Waterstones and Vision Express.

Tenure

Freehold.

Location

Miles: 39 miles west of Newtown, 64 miles north of Swansea, 109 miles west of Birmingham
Roads: A487, A44
Rail: Aberystwyth Rail
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors. The property also benefits from a basement and attic accommodation.

Six Week Completion

This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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 Second	Retail/Ancillary Ancillary Ancillary	124.03 sq m 47.90 sq m 41.50 sq m	(1,335 sq ft) (516 sq ft) (447 sq ft)	C.& J. CLARK INTERNATIONAL LIMITED (1)	10 years from 22/03/2007 on a full repairing and insuring lease	£45,000	22/03/2012 (21/03/2017)
Totals		213.43 sq m	(2,298 sq ft)			£45,000

(1) For the year ending 31st January 2015, C & J Clark International Limited reported a turnover of £893,000,000, pre-tax profits of £110,600,000 and a total net worth of £261,700,000 (Source: Experian Group 19/04/2016).