7 the Circle Tredegar Gwent NP2 3PS

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
    18th October 2018
  • Rent
    £11,088 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

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 18th October 2018
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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.

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

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

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).

Property Documents

  • 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
    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
Collier Bristow LLP 4 Bedford Row
London
WC1R 4TF
Simon Edwards 0207 468 7358simon.edwards@collierbristow.co.uk

Useful Links

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

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