7 the Circle
Tredegar
Gwent
NP2 3PS

Freehold Retail and Ground Rent Investment

  • Prominent position opposite a public house
  • Mixed commercial/residential location
  • Shop let to Coral Racing Limited on a lease expiring 2027
  • Minimum uplift in March 2021 to £12,543 per annum (1)
  • VAT-free investment
  • Lot
    85
  • Auction
    18/Oct/2018
  • Rent
    £11,088 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 7 the Circle<br>Tredegar<br>Gwent<br>NP2 3PS
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Property Information

Location
Miles
6 miles east of Merthyr Tydfil
11 miles west of Abergavenny
15 miles west of Ebbw Vale
20 miles north of Cardiff
Roads
A465, A4048, A470
Rail
Ebbw Vale Parkway
Air
Cardiff Airport
Situation

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.

Tenure

Freehold.

Description

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

VAT is not applicable to this lot.

EPC

C

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
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
£11,0872021 (1)
(minimum
increase to
£12,543 pa)
FirstOffice
INDIVIDUAL999 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).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.10.18
    File Size
    24 MB
    Login to View
  • Site Plan
    Updated Date
    26.09.18
    File Size
    371 KB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    556 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Burlingtons Legal LLP 5 Stratford Place
London
W1C 1AX
Simon Edwards 0207 529 5420simon.edwards@burlingtonslegal.com

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