139-141 Holton Road, Barry, South Glamorgan, CF63 4HP
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- To be offered on Wednesday 14 May
- High Yielding Retail Investment
- Let to Greggs Plc
- 10 year Lease Expiring 16.11.2033
- Tenant Increased Their Occupation in 2023
- Prime Pedestrianised Street
- Investment Let at £30,000 p.a. (13.33% GIY on Guide Price)
Description
StrapLine
Auction Sale - 13/05/2025High Yielding Retail Investment on A Prime Pedestrianised Pitch
Two Retail Units and Upper Parts Fully Let to Greggs on a 10 year Lease Expiring 16.11.2033
Investment Let at £30,000 per annum
Description
The property comprises a high yielding retail investment situated on a prime pedestrianised pitch and let to the undoubted covenant of Greggs.
Arranged as two retail units across ground and first floors, the property is fully let to the undoubted covenant of Greggs Plc on a 10 year lease expiring 16.11.2033 and paying £30,000 per annum.
The tenant previously occupied a single unit on Holton Road, but increased their occupation to two units in 2023 displaying confidence in the location.
The property occupies a prominent pitch with a frontage to the prime pedestrianised pitch of Holton Road. The street comprises the principal retail amenity in Barry and benefits from both high footfall and low vacancy. The area is characterised by a mix of national retailers including Boots, Natwest, and Iceland.
Location
- Barry Docks Rail Station - 0.5 miles
- Cardiff City Centre - 7.4 miles
Tenancy
The property is let to Greggs Plc on a 10 year lease expiring 16.11.2033 and paying £30,000 per annum.
The lease is on full repairing and insuring terms and includes an upward only, open market, rent review and tenants break option in the 5th year.
139-141 Holton Road, Barry, South Glamorgan, CF63 4HP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barry Docks Station0.3 miles
- Cadoxton Station0.8 miles
- Barry Island Station1.0 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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