Job Centre Plus
Market Street
Bridgend
Glarmorgan
CF31 1LL

Freehold Office Investment

  • Let to The Secretary of State for Communities and Local Government on a renewed lease until 2027 (no breaks)
  • Town centre location adjacent to the main bus station
  • Long term residential redevelopment potential (subject to consents)
  • Neighbouring occupiers include Home Bargains, Tesco superstore, Oxfam, Poundland, HSBC, Lloyds Bank and Superdrug
  • Lot
    15
  • Auction
    25/Mar/2021
  • Rent
    £167,040 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • Job Centre Plus<br>Market Street<br>Bridgend<br>Glarmorgan<br>CF31 1LL
  • 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
M4 (Junction 36), A48, A473
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation

The property is prominently situated in the heart of the town centre on Market Street and immediately next to the towns main bus terminal. Neighbouring occupiers include Home Bargains, Tesco superstore, Oxfam, Poundland, HSBC, Lloyds Bank and Superdrug.

Tenure

Freehold.

Description

The property comprises modern office accommodation on ground, first and second floors. The offices benefit from suspended ceilings, double glazing and underfloor trunking. The property benefits from car parking to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews
Ground
First
Second
Office
Office
Office
370.90 sq m
370.65 sq m
310.94 sq m
(3,992 sq ft)
(3,990 sq ft)
(3,347 sq ft)
THE SECRETARY
OF STATE FOR
COMMUNITIES
AND LOCAL
GOVERNMENT
t/a Job Centre Plus
From 01/04/2018
until 31/03/2027
on a full repairing
and insuring lease
(1)
£167,040£167,040
Total
1,052.49 sq m
(11,329 sq ft)
  £167,040 

(1) The lease is on full repairing and insuring terms, subject to an arrangement during the period where the Government or a Government Department is the tenant where generally the Government will be self-insuring i.e. there is no requirement for the tenant to insure and no entitlement for the landlord to reinstatement as set out in Schedule 9 of the Lease.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    11.03.21
    File Size
    22 MB
    Login to View
  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    825 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Axiom Stone Axiom House
Edgware
Middlesex
HA8 7EB
Vahideh Hojatoleslami 020 3827 0741vh@axiomstone.co.uk

Useful Links

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