Majority let to The Factory Shop Limited until 2025
Adjacent to Tesco Superstore
Includes large former council run car park to the rear
Approximate site area of 0.35 hectares (0.87) acres
Lot 76
Auction 19th October 2017
Rent £53,689 per Annum Exclusive
Status Sold
Price £604,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Co-op
Property Information
Location
Miles
9 miles north-west of Swansea, 50 miles north-west of Cardiff
Roads
A48, A4138, M4 (Junction 48)
Rail
Pontarddulais Railway Station
Air
Cardiff International Airport
Situation
Pontarddulais is a predominantly residential suburb, situated some 9 miles north-west of Swansea and within close proximity of Junction 48 of the M4 Motorway. The property is prominently situated within the town centre adjacent to Tesco Superstore, the town’s main supermarket, along with a number of other local retailers located nearby.
Tenure
Freehold.
Location
Miles
9 miles north-west of Swansea, 50 miles north-west of Cardiff
Roads
A48, A4138, M4 (Junction 48)
Rail
Pontarddulais Railway Station
Air
Cardiff International Airport
Situation
Pontarddulais is a predominantly residential suburb, situated some 9 miles north-west of Swansea and within close proximity of Junction 48 of the M4 Motorway. The property is prominently situated within the town centre adjacent to Tesco Superstore, the town’s main supermarket, along with a number of other local retailers located nearby.
Tenure
Freehold.
Description
The property comprises ground floor retail with 4 x two bedroom residential flats on the first floor. The property benefits from a large car park at the rear, accessed via Cambrian Place.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail with 4 x two bedroom residential flats on the first floor. The property benefits from a large car park at the rear, accessed via Cambrian Place.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Retail/Ancillary
640 sq m
(6,890 sq ft)
THE FACTORY SHOP LIMITED (1)
10 years from 03/02/2015 until 25/01/2025
£50,000 rising to £56,750 in 2020
03/02/2020
Ground First
Entrance Residential
4 x two bedroom flats
FAMILY HOUSING ASSOCIATION
25 years from 26/02/1996
£3,689
(26/02/2021)
Total
640 sq m
(6,890 sq ft)
£53,689
(1) For the year ending 27th March 2016, The Factory Shop Limited reported a turnover of £184,496,000, pre-tax profits of £6,015,000 and a total net worth of £48,706,000 (Source: Experian Group 14/09/2017). The Original Factory Shop was established back in 1969 and now has over 200 stores across the UK (Source: www.tofs.com 25/09/2017).
