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
    04/Apr/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 Auction & Property Update
  • Units 2 & 3 Hernston Retail Park<br>Bridgend<br>Mid Glamorgan<br>CF31 3ND
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
2Ground
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
£48,14824/06/2019
3GroundTrade Counter/
Ancillary
299.15 sq m
(3,220 sq ft)
HALFORDS
AUTOCENTRES
LIMITED (1)
25 years from
24/06/1999
until
23/06/2024
£44,82224/06/2019
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).

Property Documents

  • Catalogue Page
    Updated Date
    10.04.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    10.04.19
    File Size
    765 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Thrings LLP The Paragon, Counterslip
Bristol
Avon
BS1 6BX
Robert Barnes 0117 930 9537rbarnes@thrings.com

Useful Links

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