Retail Property (high street) for sale

32 - 34 Adare Street, Bridgend, Bridgend (County of), Mid Glamorgan, CF31

Offers in Region of 28,228 sq. ft. | £1,000,000

Property Description

Commercial information

  • 28,228 sq ft (2,622 sq m)

Key features

  • Prominent position on pedestrianised Adare Street
  • Part of prime Bridgend retail pitch
  • Large retail premises with a total GIA 28,228 sq ft
  • Let to Poundland Ltd with a WAULT of 2.75 producing a rent of 120,000 pa
  • Poundland covenant strengthened by takeover by Steinhoff International
  • Offers sought in the region of 1,000,000 subject to contract and exclusive of VAT

Full description

Location

Bridgend is located 20 miles west of Cardiff and 22 miles south east of Swansea. It is the commercial and administrative centre of Bridgend County Borough Council.

Bridgend benefits from excellent road connections via junctions 35, 36 and 37 of the M4 motorway.

Bridgend is a strong retailing area in the region with retail pitch focussing on Caroline Street and Adare Street with two in-town shopping centres.

The property is located on pedestrianised Adare Street.

Situation

Bridgend has approxinmately 690,000 sq ft of retail accommodation and is the principal retailing centre serving Bridgend County Borough. The total population within the Bridgend catchment area is measured by Promis at 182,000 where car ownership is above the average.

Adare Street is a key part of the prime retailing pitch in Bridgend with national occupiers such as Natwest Bank, Santander, Thomas Cook, Holland & Barrett, Greggs, Vodafone and 02. Located at the end of Adare Street is the Rhiw centre, anchored by Boots.

The subject property is situated at the northern end of Adare Street, adjacent to National Westminster Bank and Specsavers.

Description

The property comprises two interconnecting, terraced buildings providing open plan ground floor retail space with ancillary accommodation on upper floors. The property is understood to be constructed pre 1990 and extended in the late 1960s/1970s. The property was occupied by Woolworths prior to the current tenant, Poundland.

32 Adare Street is two-storey to the front elevation with three storeys to the rear and of concrete framed construction. 34 Adare Street is a three storey building with a three storey extension to the rear. The building is of part framed and part brick construction with painted stone to the front elevation.

Accommodation

The subject property provides the following approximate gross internal floor areas:

Accommodation/ Use  Sq M  Sq Ft
Ground floor/ Sales  1017.93  10857
First floor/ Storage  1040.13  11196
Second floor/ Storage/ Staff  522.76  5950
Roof/ Plant  11.61  123
Totals  2,622.43  28,228

Tenure

The property is being offered on a freehold basis;

The property provides a WAULT of 2.75 years producing an annual rent of 120,000 exclusive.

The lease of the property is summarised as:

Planning

The property falls under policy SP10 "Retail & Commercial Hierarchy" which designates Bridgend Town centre as the sub-regional centre of the county borough.

The property is not listed but is within a conservation area.

EPC

The property has an energy performance rating of D95. A copy of the EPC is available on request.

VAT

We understand that the property is elected for VAT and therefore VAT will be chargeable on the purchase price. We anticipate that the transaction will be treated as a transfer of a going concern (TOGC).

More information from this agent

Nearest stations

  • Bridgend (0.1 mi)
  • Wildmill (1.0 mi)
  • Sarn (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

GVA, Bristol

St. Catherine Court Berkeley Place, Clifton, Bristol, BS8 1BQ

0117 407 2295 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bridgend (0.1 mi)
  • Wildmill (1.0 mi)
  • Sarn (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

GVA, Bristol

St. Catherine Court Berkeley Place, Clifton, Bristol, BS8 1BQ

0117 407 2295 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 32_34AdareStreet_CF311EJ. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by GVA, Bristol. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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