Job Centre Plus Market Street Bridgend Glarmorgan CF31 1LL

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
25th March 2021
Rent
£167,040 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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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 25th March 2021
Rent £167,040 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Office
Auction Venue
Live Streamed Auction

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.

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

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.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.