Prominent town centre location on pedestrianised High Street
Asset management opportunities
Nearby occupiers include Poundworld, EE, Specsavers, Tesco, HSBC and Barclays Bank
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 84
Auction 19th May 2016
Rent £28,400 per Annum Exclusive
Status Sold Post
Price
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
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
he property is prominently situated on the east side of the prime pedestrianised High Street, close to St Tyfil Shopping Centre and Beacons Place Shopping Centre. Nearby occupiers include Peacocks, Barclays Bank, Poundworld and O2.
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
he property is prominently situated on the east side of the prime pedestrianised High Street, close to St Tyfil Shopping Centre and Beacons Place Shopping Centre. Nearby occupiers include Peacocks, Barclays Bank, Poundworld and O2.
Tenure
Freehold.
Description
The property comprises three retail units with ancillary accommodation on the upper floors.
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
The property comprises three retail units with ancillary accommodation on the upper floors.
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.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
43
Ground First
Retail/Ancillary Ancillary
47.05 sq m 45.87 sq m
(506 sq ft) (494 sq ft)
VACANT
44
Ground First
Retail/Ancillary Ancillary
231.60 sq m 105.53 sq m
(2,493 sq ft) (1,136 sq ft)
PURE IMAGE FASHIONS LIMITED
3 years from 08/04/2014
£20,000
07/04/2017
45
Ground Basement First Second
Retail/Ancillary No access Ancillary Ancillary
541.99 sq m Not measured 540.97 sq m 172.61 sq m
(5,834 sq ft)
(5,823 sq ft) (1,858 sq ft)
CARLEON WHOLESALE LIMITED (1)
Licence - 1 year from 14/12/2015 (2)
£8,400
13/12/2016
Totals
1,685.62 sq m
(18,144 sq ft)
£28,400
(1) The tenant is currently assigning the licence to NT Wholesale Limited. (2) The Licensor and the Licensee may terminate this licence at any time after 14th February 2016 on no less than 4 weeks’ prior written notice.