Freehold Retail and Ground Rent Investment
Freehold Retail and Ground Rent Investment
Tredegar, within the Welsh Valleys, is 20 miles north of Cardiff, 6 miles east of Merthyr Tydfil and 11 miles west of Abergavenny. The property is located in a mixed commercial/residential area in the town centre on The Circle, at its junction with Castle Street. The property is adjacent to Tredegar library and opposite the Cambrian public house. Other occupiers close by include The Olympia public house and a number of local traders.
Freehold.
Tredegar, within the Welsh Valleys, is 20 miles north of Cardiff, 6 miles east of Merthyr Tydfil and 11 miles west of Abergavenny. The property is located in a mixed commercial/residential area in the town centre on The Circle, at its junction with Castle Street. The property is adjacent to Tredegar library and opposite the Cambrian public house. Other occupiers close by include The Olympia public house and a number of local traders.
Freehold.
The property comprises a ground floor and basement bookmakers with self-contained office accommodation above. The ground floor provides sales, customer WCs and staff accommodation and the basement further ancillary accommodation.
VAT is not applicable to this lot.
C
The property comprises a ground floor and basement bookmakers with self-contained office accommodation above. The ground floor provides sales, customer WCs and staff accommodation and the basement further ancillary accommodation.
VAT is not applicable to this lot.
C
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
170 sq m 191.77 sq m |
(1,830 sq ft) (2,064 sq ft) |
CORAL RACING LIMITED (2) |
16 years from 28/02/2011 on a full repairing and insuring lease |
£11,087 | 2021 (1) (minimum increase to £12,543 pa) |
| First | Office | INDIVIDUAL | 999 years from 25/05/1982 |
£1 | |||
| Total |
361.77 sq m |
(3,894 sq ft) |
£11,088 | ||||
(1) The rent review in 2021 is to a minimum of 2.5% pa compounded annually (£12,543) or OMRV.
(2) For the year ended 31st December 2016, Coral Racing Limited reported a turnover of £867,406,000, pre-tax profits of £91,174,000 and a net worth of £54,538,000 (Source:- Experian 17/09/2018). Coral trades from over 1,800 shops in the UK
(Source: www.coral.co.uk).
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