Freehold Retail Investment with Change of Use Potential
Let to Aberdare Estate Agencies Limited
Asset management opportunities including potential to negotiate new lease with tenant
Potential Change of Use/Development Opportunity on the Upper Parts
Nearby retailers include Iceland Foods,
Boots Pharmacy, Greggs, B&M and The Works
Lot 38
Auction 13th December 2021
Rent
Status Sold
Price £80,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles north-west of Cardiff
Roads
A465, A470, M4
Rail
Aberdare
Air
Cardiff
Situation
Aberdare is a town in the Cynon Valley area approximately 22 miles north-west of Cardiff. The property is located in a prominent corner position on the east side of Whitcombe Street, at it's junction with Canon Street. The property is a short walk to Aberdare train station, with nearby retailers including Iceland Foods, Boots Pharmacy, Greggs, B&M and The Works.
Tenure
Freehold.
Location
Miles
22 miles north-west of Cardiff
Roads
A465, A470, M4
Rail
Aberdare
Air
Cardiff
Situation
Aberdare is a town in the Cynon Valley area approximately 22 miles north-west of Cardiff. The property is located in a prominent corner position on the east side of Whitcombe Street, at it's junction with Canon Street. The property is a short walk to Aberdare train station, with nearby retailers including Iceland Foods, Boots Pharmacy, Greggs, B&M and The Works.
Tenure
Freehold.
Description
The property comprises a three storey building arranged as a ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
D. See legal pack at www.acuitus.co.uk.
Description
The property comprises a three storey building arranged as a ground floor shop with ancillary accommodation on the first and second floors.
(1) "Alan Bidmead and Jeffrey Cook have worked together in their local estate agency market for over 30 years and set up their own estate agency business in 2001. The business grew rapidly and is currently the largest estate agency business within the region having 11 branches all set in prominent High Street locations including Ross-on-Wye, Lydney, Cinderford, Coleford, Abergavenny, Crickhowell, Brynmawr, Ebbw Vale, Merthyr Tydfil, Bridgend and Aberdare" (www.bidmeadcook.co.uk). (2) The tenant has served a S26 notice proposing a 5 year renewal with a tenant option to determine at the third anniversary of the term, at a rent of £6,000 pax.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.