37 Cardiff Road Caerphilly Glamorgan CF83 1WE

37 Cardiff Road
Caerphilly
Glamorgan
CF83 1WE

Freehold Bank Investment

Entirely let to HSBC Bank Plc until 2023 (no breaks)
Corner building located within town centre
Annual Rent Reviews linked to RPI rising to a minimum of £43,544.31 pa in June 2022
Nearby occupiers include NatWest Bank, Peacocks, Greggs and Coral Betting
VAT-free Investment

Lot
97
Auction
18th October 2018
Rent
£39,449 per Annum Exclusive
Status
Sold
Price
£385,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of a Charitable Foundation

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Freehold Bank Investment

Entirely let to HSBC Bank Plc until 2023 (no breaks)
Corner building located within town centre
Annual Rent Reviews linked to RPI rising to a minimum of £43,544.31 pa in June 2022
Nearby occupiers include NatWest Bank, Peacocks, Greggs and Coral Betting
VAT-free Investment

Lot 97
Auction 18th October 2018
Rent £39,449 per Annum Exclusive
Status Sold
Price £385,000
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of a Charitable Foundation

Property Information

Location

Miles: 7 miles north of Cardiff; 11 miles west of Newport
Roads: B4600, B4263, A468
Rail: Caerphilly Rail; (direct services to Cardiff Central in 19 mins)
Air: Cardiff International Airport

Situation

Caerphilly is a busy commuter town providing excellent access to both Cardiff and Newport. The property is prominently situated on Cardiff Road, Caerphilly’s primary retailing thoroughfare, with occupiers including NatWest Bank, Peacocks, Greggs and Coral Betting.

Tenure

Freehold.

Location

Miles: 7 miles north of Cardiff; 11 miles west of Newport
Roads: B4600, B4263, A468
Rail: Caerphilly Rail; (direct services to Cardiff Central in 19 mins)
Air: Cardiff International Airport

Situation

Tenure

Freehold.

Description

The property is a two storey corner building comprising a ground floor banking hall and first floor ancillary accommodation with external area.

VAT

VAT is not applicable to this lot.

Viewings

A block viewing will be held for this property on Friday 12th October at 11am. If you would like to attend you must register with us in advance no later 9am on Wednesday 10th October. Please register with Georgina Roberts on georgina.roberts@acuitus.co.uk - you will need to provide the full names of all parties attending and mobile telephone numbers. Photographic ID will be required on site.

Completion Period

Six Week Completion Available

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is a two storey corner building comprising a ground floor banking hall and first floor ancillary accommodation with external area.

VAT

VAT is not applicable to this lot.

Viewings

Completion Period

Six Week Completion Available

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	Reviews
Ground First	Banking Hall Ancillary	141.00 sq m 125.30 sq m	(1,518 sq ft) (1,349 sq ft)	HSBC BANK PLC (1)	15 years from 04/06/2008 until 03/06/2023 on a full repairing and insuring lease	£39,449	Annual RPI linked uplifts rising to a minimum of: 04/06/2019 £40,435.23 pa 04/06/2020 £41,446.11 pa 04/06/2021 £42,482.26 pa 04/06/2022 £43,544.31 pa (2)
Total		266.30 sq m	(2,867 sq ft)			£39,449

(1) For the year ending 31st December 2017, HSBC Bank plc did not report a turnover, but reported a pre-tax profit of £2.37bn, shareholders’ funds of £44.049bn and a net worth of £38.113bn (Source: Experian Group 10/08/2018). HSBC is one the world’s largest banking and financial services organisations - further information can be found at www.hsbc.com
(2) The lease provides annual RPI linked uplifts capped and collared to a minimum of 2.5% and maximum of 5.5%. The lease provides a tenant’s option to renew the lease for a further 15 years.
NB: Not measured by Acuitus. Areas taken from the VOA at www.voa.gov.uk