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 Available
Guide* £180,000
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.
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.