Nolton House Nolton Street Bridgend Mid Glamorgan CF31 1BX

Nolton House
Nolton Street
Bridgend
Mid Glamorgan
CF31 1BX

Freehold Retail Investment

Substantial and prominent building entirely let to Wilko Retail Limited
Excellent trading location between the Bridgend Shopping Centre and Rhiw Shopping Centre
Adjacent to one of the town’s largest car parks
Future development potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
72
Auction
19th May 2016
Rent
£174,685 per Annum Exclusive
Status
Sold
Price
£1,375,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Receivers, Bilfinger GVA

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Freehold Retail Investment

Substantial and prominent building entirely let to Wilko Retail Limited
Excellent trading location between the Bridgend Shopping Centre and Rhiw Shopping Centre
Adjacent to one of the town’s largest car parks
Future development potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 72
Auction 19th May 2016
Rent £174,685 per Annum Exclusive
Status Sold
Price £1,375,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Receivers, Bilfinger GVA

Property Information

Location

Miles: 20 miles west of Cardiff, 22 miles south-east of Swansea
Roads: M4 (Junction 36), A48, A473
Rail: Bridgend Railway Station
Air: Cardiff Airport

Situation

The property is situated within the town centre, on the eastern side of Nolton Street at a busy interchange between Rhiw Shopping Centre and Bridgend Shopping Centre, which is located opposite. The property further benefits from having one of the town's largest car parks immediately to the rear, providing easy access to the property and to the shopping centres.

Tenure

Freehold.

Location

Miles: 20 miles west of Cardiff, 22 miles south-east of Swansea
Roads: M4 (Junction 36), A48, A473
Rail: Bridgend Railway Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation over ground and first floors, with storage and ancillary space on the second floor. The property benefits from access off Nolton Street, adjacent to Boots and additionally off Brackla Street, opposite the main entrance to the Bridgend Shopping Centre.

Six Week Completion.

NB: As to the VAT status please refer to the special conditions.

Note
This property is being marketed for sale on behalf of the mortgagee of the property and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers appointed by the mortgagee to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers and the mortgagee are acting in respect of this sale without personal liability.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second	Retail/Ancillary Retail/Ancillary Ancillary	1,255.20 sq m 1,218.50 sq m 526.80 sq m	(13,511 sq ft) (13,115 sq ft) (5,670 sq ft)	WILKO RETAIL LIMITED	20 years from 26/07/1999	£174,685	25/07/2019
Total		3,000.50 sq m	(32,296 sq ft)			£174,685

(1) For the year ending 31st Jan 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 18/04/2016)