Freehold Tyre Depot Investment
Freehold Tyre Depot Investment
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 and Arriva.
Freehold.
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 and Arriva.
Freehold.
The property comprises a TYRE AND EXHAUST DEPOT benefiting from five roller shutter doors. A forecourt area to the front provides parking facilities for approximately 9 cars. The property has a site area of approximately 0.08 hectares (0.2 acres).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a TYRE AND EXHAUST DEPOT benefiting from five roller shutter doors. A forecourt area to the front provides parking facilities for approximately 9 cars. The property has a site area of approximately 0.08 hectares (0.2 acres).
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Mezzanine |
Tyre Depot Ancillary |
394.65 sq m |
(4,248 sq ft) |
GOODYEAR DUNLOP TYRES UK LTD (t/a Hi-Q) (1) |
25 years from 20/04/1995 until 2020 on a full repairing and insuring lease | £56,200 (2) | 2010 and 5 yearly (4) |
| Totals | 489.97 sq m |
(5,274 sq ft) (3) |
£56,200 | ||||
(1) The Goodyear Tyre & Rubber Company started in 1898. Today, Goodyear is the world’s largest tyre company, with a presence on six continents and annual sales of more than $15 billion. In addition to Goodyear brand tyres, it produces several other well-respected brand names including Dunlop, Kelly, Fulda, Lee, Sava and Debica.
(Source: Goodyear United Kingdom http://eu.goodyear.com/uk)
(2) As to the 2010 rent review, the seller has served a rent review notice stating a new rent of £60,000 per annum exclusive.
(3) The floor areas stated above were agreed between the parties at the last rent review.
(4) For rent review purposes the permitted user clause in the lease includes non-food retail warehouse within Class A1.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
