1-2 High Street Treorchy Glamorgan CF42 6AE

  • 1-2 High Street<br>Treorchy<br>Glamorgan<br>CF42 6AE

1-2 High Street
Treorchy
Glamorgan
CF42 6AE

Freehold Retail Investment

  • Let to Done Brothers (Cash Betting) Limited
  • Recently renewed 5-year lease from March 2024 (No breaks)
  • VAT-free investment
  • Nearby occupiers include Iceland Supermarket, Superdrug, Boots Pharmacy, Domino's and Greggs
  • Lot
    37
  • Auction
    9th May 2024
  • Rent
    £18,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
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Freehold Retail Investment

  • Let to Done Brothers (Cash Betting) Limited
  • Recently renewed 5-year lease from March 2024 (No breaks)
  • VAT-free investment
  • Nearby occupiers include Iceland Supermarket, Superdrug, Boots Pharmacy, Domino's and Greggs
  • Lot 37
  • Auction 9th May 2024
  • Rent £18,500 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
21 miles north-west of Cardiff, 26 miles east of Swansea
Roads
A4058, A4061, A4107
Rail
Treorchy Train Station
Air
Cardiff Airport
Situation

The property is prominently situated on the north side of High Street (A4061), in the heart of the town centre. Nearby occupiers include Iceland Supermarket, Superdrug, Boots Pharmacy, Domino's and Greggs.

Tenure

Freehold.

Location
Miles
21 miles north-west of Cardiff, 26 miles east of Swansea
Roads
A4058, A4061, A4107
Rail
Treorchy Train Station
Air
Cardiff Airport
Situation

The property is prominently situated on the north side of High Street (A4061), in the heart of the town centre. Nearby occupiers include Iceland Supermarket, Superdrug, Boots Pharmacy, Domino's and Greggs.

Tenure

Freehold.

Description

The property comprises a double-fronted betting office arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a double-fronted betting office arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
(Approx sq ft) (1)
Tenant Term Rent p.a.x.
Ground/First Betting Office/Ancillary
163.78
(1,763)
DONE BROTHERS (CASH BETTING) LIMITED (2) (t/a Betfred) 5 years from 13/03/2024 on a full repairing and insuring lease
£18,500
Total  
163.78
(1,763)
   
£18,500

(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates).
(2) For the year ending 25/09/2022, Done Brothers (Cash Betting) Limited reported a turnover of £418,840,000, a pre-tax profit of £40,464,000 and a net worth of £77,595,000 (www.northrow.com).

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.

Property Documents

  • Brochure
    Updated Date
    17.05.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Structadene Group 3rd Floor, 9 White Lion Street
London
N1 9PD
James Thomson +44 (0)20 7843 9196james.t@pearl-coutts.co.uk  Hannah Smith +44 (0)20 3745 2682hannah.s@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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