48/49 Wind Street & Unit 3, 15/16 Old Market Street Neath West Glamorgan SA11 3EN

  • 48/49 Wind Street & Unit 3, 15/16 Old Market Street<br>Neath<br>West Glamorgan<br>SA11 3EN

48/49 Wind Street & Unit 3, 15/16 Old Market Street
Neath
West Glamorgan
SA11 3EN

Freehold Retail Investment

  • Prominent pedestrianised town centre location
  • Let to WHSmith, Cancer Research and The Shaw Trust
  • Opposite Boots and diagonally opposite Iceland
  • Lot
    49
  • Auction
    14th February 2018
  • Rent
    £62,000 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 a Major Institution
  • Expand
  • Photos
  • Map

Freehold Retail Investment

  • Prominent pedestrianised town centre location
  • Let to WHSmith, Cancer Research and The Shaw Trust
  • Opposite Boots and diagonally opposite Iceland
  • Lot 49
  • Auction 14th February 2018
  • Rent £62,000 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 a Major Institution

Property Information

Location
Miles
7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A4230, M4 (Junction43)
Rail
Neath Rail
Air
Cardiff Airport
Situation

The property is situated in Neath town centre, part on the pedestrianised Wind Street and part with frontage to Old Market Street. Occupiers close by include Boots (opposite), Iceland, Superdrug, Greggs, Clarks, Poundland, Next, Barclays, NatWest and Marks & Spencer.

Tenure

Freehold.

Location
Miles
7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A4230, M4 (Junction43)
Rail
Neath Rail
Air
Cardiff Airport
Situation

The property is situated in Neath town centre, part on the pedestrianised Wind Street and part with frontage to Old Market Street. Occupiers close by include Boots (opposite), Iceland, Superdrug, Greggs, Clarks, Poundland, Next, Barclays, NatWest and Marks & Spencer.

Tenure

Freehold.

Description

The property is arranged to provide three shops. 48 and 49 Wind Street comprises 2 shops with ancillary accommodation on first floor. The second floor is not presently used and was not inspected. Unit 1 Old Market Street provides a ground floor shop with first floor ancillary accommodation.

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 is arranged to provide three shops. 48 and 49 Wind Street comprises 2 shops with ancillary accommodation on first floor. The second floor is not presently used and was not inspected. Unit 1 Old Market Street provides a ground floor shop with first floor ancillary accommodation.

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)
48 Wind Street
Ground
First
Second

Retail
Ancillary
Not Used

237.5 sq m
195.0 sq m

(2,556 sq ft)
(2,099 sq ft)

WH SMITH RETAIL
HOLDINGS LIMITED
(1) (2)

5 years from
24/06/2016

£38,000

(2021)
49 Wind Street
Ground
First
Second

Retail
Ancillary
Not Used

42.0 sq m
41.5 sq m

(452 sq ft)
(447 sq ft)

THE SHAW TRUST
LIMITED t/a Salvage
(3)

4 years from
13/03/2014 (4)

£14,000

(2018) (2016
break option
not exercised)
Unit 3 Old
Market Street
Ground
First


Retail
Ancillary


44.0 sq m
53.0 sq m


(474 sq ft)
(570 sq ft)


CANCER RESEARCH
UK (5)


10 years and 1 day
from 08/01/2014


£10,000


2019 (2024)
(6)
Total
613 sq m (6,598 sq ft)     £62,000  

(1) For the year ended 31st August 2016, WH Smith Retail Holdings Limited reported a turnover of £175,131,000, pre-tax profits of £75,302,000 and a total net worth of £461,234,000 (Source : Experian 12/01/2018). Website: www.whsmith.co.uk
(2) Part sublet and trading as The Post Office.
(3) For the year ended 31st March 2017, The Shaw Trust Limited reported no turnover, pre-tax profits of £38,152,000 and a total net worth of £112,090,000 (Source : Experian 12/01/2018). Website: www.shaw-trust.org.uk
(4) The lease is excluded from the provisions of Sections 24 to 28 of the Landlord and Tenant Act 1954.
(5) For the year ended 31st March 2017, Cancer Research UK reported no turnover, pre-tax profits of £32,900,000 and a total net worth of £383,500,000 (Source: Experian 12/1/2018). Cancer Research UK operate from "over 580 shops on the high streets across the UK" (Source: www.cancerresearchuk.org).
(6) Tenant’s option to break in 2019.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    749 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Coley & Tilley Solicitors Neville House, 14 Waterloo Street
Birmingham
B2 BUF
Grahame Griffiths +44 (0)121 643 5531gg@coleyandtilley.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in 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.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now