Shop for sale
Freehold Retail Investment Let to Thorntons Plc at 4, Adare Street, Bridgend, Mid Glamorgan CF31 1EJ
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- Business for sale
- Well located Freehold Shop Investment
- Pedestrianised town centre location.
- Sublet to Thorntons.
- Lease expires 2014.
Tenure: FreeholdADDRESS: 4, Adare Street, Bridgend, Mid Glamorgan CF31 1EJ
• Well located Freehold Shop Investment
• Pedestrianised town centre location. • Sublet to Thorntons.
• Lease expires 2014.
Bridgend is one of the principal retail and commercial centers for South Wales supporting a resident population of just over 39,000. The town is adjacent to Junctions 35 and 36 of the M4 motorway and strategically located at the junction of the A4061, A475 and A48. It lies some 25 miles south – east of Swansea and 28 miles west of Cardiff and benefits from rail services to London Paddington.
The property is situated in the town centre adjacent to both Thomas Cook and Card Warehouse on the east side of pedestrianised Adare Street, close to the Rhiw Shopping Centre. Occupiers close by includes Boots the Chemist, Princeless Shoes, Select, The Link, Phones 4 U and Carphone Warehouse.
The property is arranged on ground and one upper floor to provide a ground floor shop unit with ancillary accommodation at first floor level. The property benefits from rear access via a small road.
ACCOMMODATION: Gross Frontage 18 ft, Net frontage 14 ft, Shop depth 37 ft, Build depth 45 ft, First Floor : 382 Sq .Ft.
The entire property is at present let to Buy As You View Ltd. with a guarantee from Dunraven Finance Ltd, for a term of 25 years from 25 December 1989 at a current rent of £35,000 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants. The property has been sub – let to Thorntons Plc who are not in occupation
RENT: £35,000 per annum.
VAT IS: Applicable
PRICE: Offers in excess of £350,000 – Net 9.6%