Hay & Brecon Farmers
Tremont Road
Llandrindod Wells
Powys
LD1 5BE

Freehold Retail Investment

  • Let to Hays & Brecon Farmers Limited
  • Annual fixed rental increases
  • Includes car parking and a yard
  • Site area of approximately 0.65 hectares (1.6 acres) with a site coverage of approximately 12.16%
  • Nearby occupiers include Aldi, Tesco, HSBC and Lloyds Bank
  • Lot
    7
  • Auction
    14/Feb/2019
  • Rent
    £65,582 per Annum Exclusive
  • Status
    Sold
  • Price*
    £660,000
  • Sector
    Retail Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers A B Hughes & J P Smith
Important Auction & Property Update
  • Hay & Brecon Farmers<br>Tremont Road<br>Llandrindod Wells<br>Powys<br>LD1 5BE
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* More information on the term "price" can be found here

Property Information

Location
Miles
27 miles west of Leominster, 31 miles north-west of Hereford, 53 miles north of Cardiff
Roads
A483, A44, A470
Rail
Llandrindod Wells Train Station
Air
Cardiff International Airport
Situation

Llandrindod Wells is an attractive spa and market town and is the administrative centre of the County of Powys. It is one of the largest market towns in the area and is a thriving conference and business meeting destination (www.visitmidwales.co.uk). The property is well situated in a prominent location on the west side of the busy Tremont Road (A483). Nearby occupiers include Aldi, Tesco, HSBC and Lloyds Bank.

Tenure

Freehold.

Description

The property comprises a retail warehouse with ancillary accommodation. The property benefits from car parking and a yard with a total site area of approximately 0.65 hectares (1.6 acres) and a site coverage of approximately 12.16%. There is also an electrical sub-station on the site.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability. There is a restriction on a resale within 12 months, see legal pack for details.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews (Reversion)
GroundRetail
Warehouse
788.27 sq m
(8,485 sq ft)
HAY & BRECON
FARMERS LIMITED
(1) (2) (3)
15 years from
16/11/2008 on a
full repairing
and insuring
lease (4)
£65,582.55Fixed rent reviews rising to:
£67,386.07: 16/11/2019
£69,239.19: 16/11/2020
£71,143.27: 16/11/2021
£73,099.71: 16/11/2022
(15/11/2023)
Total
788.27 sq m
8,485 sq ft)
  £65,582.55 

(1) For the year ending 31st May 2017, Hay & Brecon Farmers Limited reported a turnover of £17,492,281, pre-tax losses of £50,593 and a total net worth of £4,121,140 (Source: Experian 18/12/2018). Hay & Brecon Farmers is a long established company and has been in business since 1902.
(2) Hay & Brecon Farmers is sub-letting part of the yard at the rear and part of the warehouse for a term of 18 months from 16/05/2011 at a rent of £4 pa and the tenant is currently holding over.
(3) The lease is subject to a pre-emption on alienation clause giving the landlord the right to obtain Vacant Possession in the event that the tenant desires to assign the lease or sublet.
(4) The lease is subject to a schedule of condition.

Property Documents

  • Catalogue Page
    Updated Date
    12.04.19
    File Size
    609 KB
    View PDF
  • Site Plan
    Updated Date
    12.04.19
    File Size
    1,008 KB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Osborne Clarke 2 Temple Back East Temple Quay
Bristol
BS1 6EG
Sara Motevali 0117 917 300sara.motevali@osborneclarke.com

Useful Links

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