Units 2 & 3 Hernston Retail Park Bridgend Mid Glamorgan CF31 3ND

Units 2 & 3 Hernston Retail Park
Bridgend
Mid Glamorgan
CF31 3ND

Freehold Trade Counter Investment

Let to HSS Hire Service Group Limited and Halfords Autocentres Limited (1)
Leases expire June 2024 (no breaks)
Two trade counter units totalling approximately 7,434 sq ft (2)
Nearby occupiers include Lidl, Homebase and Tesco Extra
Prominent trading location fronting A48 and forming part of Hernston Retail Park

Lot
12
Auction
4th April 2019
Rent
£92,970 per Annum Exclusive
Status
Sold
Price
£1,030,000
Sector
Trade Counter
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update

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Freehold Trade Counter Investment

Let to HSS Hire Service Group Limited and Halfords Autocentres Limited (1)
Leases expire June 2024 (no breaks)
Two trade counter units totalling approximately 7,434 sq ft (2)
Nearby occupiers include Lidl, Homebase and Tesco Extra
Prominent trading location fronting A48 and forming part of Hernston Retail Park

Lot 12
Auction 4th April 2019
Rent £92,970 per Annum Exclusive
Status Sold
Price £1,030,000
Sector
Trade Counter
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 18 miles west of Cardiff, 29 miles south-east of Swansea
Roads: A48, A473, M4 (Junction 36)
Rail: Bridgend Railway Station
Air: Cardiff Airport

Situation

The property is situated on the established Hernston Retail Park, to the south of the A48, which connects to the M4. Nearby occupiers include Lidl, Pets at
Home, Wickes, BP, Homebase, McDonald’s, Kwik Fit, B&M, Next and Tesco Extra.

Tenure

Freehold.

Location

Miles: 18 miles west of Cardiff, 29 miles south-east of Swansea
Roads: A48, A473, M4 (Junction 36)
Rail: Bridgend Railway Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises two standalone trade counter units, both with eaves heights of 5.5m and a shared car park for 25 cars. Unit 2 (HSS Hire Service Group Limited) comprises internally separated retail accommodation, which benefits from suspended ceilings and fluorescent lighting, along with ancillary accommodation. Unit 3 (Halfords Autocentres Limited (1)) benefits from five roller shutter doors which provide access to five servicing bays. The property benefits from a site area of approximately 0.8 acres (0.33 hectares).

VAT

VAT is applicable to this lot.

EPC

Unit 2 – E, Unit 3 – D. Please see legal pack at www.acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

EPC

Unit 2 – E, Unit 3 – D. Please see legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
2	Ground Mezzanine	Trade Counter/ Ancillary Ancillary	287.26 sq m 104.24 sq m (2)	(3,092 sq ft) (1,122 sq ft) (2)	HSS HIRE SERVICE GROUP LIMITED (3)	25 years from 24/06/1999 until 23/06/2024	£48,148	24/06/2019
3	Ground	Trade Counter/ Ancillary	299.15 sq m	(3,220 sq ft)	HALFORDS AUTOCENTRES LIMITED (1)	25 years from 24/06/1999 until 23/06/2024	£44,822	24/06/2019
Total			690.65 sq m (2)	(7,434 sq ft) (2)			£92,970

(1) Halfords Autocentres has over 300 UK autocentres and is the UK’s leading MOT, car service, brakes, repairs and tyres specialist. For the year ending 30th March 2018, Halfords Autocentres Limited reported a turnover of £157,871,000, pre-tax profits of £2,418,000 and a total net worth of £32,737,000 (Sources: www.halfordsautocentres.com and Experian Group 27/02/2019). Please note, whilst the lease was granted to NW Autocentres Limited, correspondence, rent review memoranda and the rent paid to the Vendor is from Halfords Autocentres Limited. Please see the legal pack.
(2) The mezzanine floor areas were rentalised at rent review.
(3) The HSS Hire Group is a leading provider of tools, equipment and related services in the UK and Ireland. The HSS Hire Group currently operates from over 250 locations and employs around 2,900 people (Source: www.hsshiregroup.com 27/02/2019).