Ron Skinner & Sons
293 Penarth Road
Cardiff
CF11 8TT

Freehold Car Showroom Investment

  • Let to Ron Skinner & Sons Limited on assignment from Rycliff Cars Limited
  • Original lease guaranteed by Rybrook Holdings
  • Site area approximately 0.2 hectares (0.5 acres)
  • Situated on a major commercial park
  • Neighbouring car showrooms include, Renault, Hyundai, Kia, Lexus, Toyota, Jaguar, Suzuki, MINI, Ford and Volvo
  • Lot
    13
  • Auction
    04/Apr/2019
  • Rent
    £112,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £900,000+
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund
  • Ron Skinner & Sons<br>293 Penarth Road<br>Cardiff<br>CF11 8TT
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
1.5 miles south-west of Cardiff city centre, 15 miles south-west of Newport, 45 miles west of Bristol
Roads
A48, A4232, M4 (Junction 33)
Rail
Grangetown Railway Station, Cardiff Central Railway Station
Air
Cardiff Airport
Situation

The property is prominently located in the heart of Cardiff’s motor retail district on the east side of the busy junction of Penarth Road and Hadfield Road. Neighbouring car showrooms include main dealers for Renault, Hyundai, Kia, Lexus, Toyota, Jaguar Land Rover, Suzuki, MINI, Ford and Volvo. Other major occupiers close by include Costco, Booker, Bestway and Ikea.

Tenure

Freehold.

Description

The property comprises a car showroom with ground floor showroom with office and ancillary accommodation on the first floor. The property benefits from two vehicle entrance doors. The property also benefits from a site area of 0.20 hectares (0.49 acres) providing car parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
GroundShowroom,
Ancillary and
Workshop
880.04 sq m(9,472 sq ft)RON SKINNER & SONS
LIMITED on assignment
with an Authorised
Guarantee Agreement from
Rycliff Cars Limited with a
guarantee from Rybrook
Holdings Limited (1)
25 years from
04/10/1996 on a
full repairing
and insuring
lease
£112,50003/10/2021
FirstOffice/Ancillary
121.14 sq m
(1,305 sq ft)
Total
1001.18 sq m
(10,777 sq ft)
  £112,500 

(1) For the year ending 31st December 2017, Ron Skinner & Sons Ltd reported a turnover of £45,642,906, a pre tax loss of £27,867 and a total net worth of £2,807,311 (Source: Experian 01/03/2019). For the year ending 31st December 2017, Rybrook Holdings Limited reported a turnover of £671,997,000, a pre-tax profit of £3,183,000 and a total net worth of £20,632,000 (Source: Experian 01/03/2019). For the year ending 31st December 2017, Rycliff Cars reported a turnover of £29,900,170, a pre-tax loss of £963,506 and a total net worth of £1,252,143 (Source: Experian 01/03/2019).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    22.03.19
    File Size
    17 MB
    Login to View
  • Catalogue Page
    Updated Date
    12.03.19
    File Size
    2 MB
    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
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
Associate Auctioneers
Automotive Property Consultancy Limited 100 Pall Mall, St James
London
SW1Y 5NQ
Bill Bexson 0203 588 7200bbexson@automotive-property.com
Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Helen Monro 0121 393 0479helen.monro@gowlingwlg.com

Useful Links

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