Bethcar Street, Ebbw Vale, Gwent, Blaenau Gwent, NP23

Town Centre Location
Held on F.R.I Lease
Well Presented Retail Investment
5,307sq ft
Expiry: 11th July 2029
Passing Rent: £22,000p.a.x
Price: o/o £225,000

Location

Gwent is a historic county in southeastern Wales, known for its rich heritage and scenic landscapes. It includes towns like Newport, Cwmbran, and Abergavenny. Gwent is characterized by its valleys, hills, and rivers, contributing to its natural beauty

Neighbouring occupiers include, Ebbw Vale Police Station, Hay's Travel, Bupa Dental

Property

The property comprises a ground and first floor commercial premises surmounted by a flat roof within the front area of the property and pitched roof to the rear.

The property offers a prominent aluminium framed and glazed frontage. Internally the property is presented in an open plan retailing layout with upper floor providing stores, staff facilities, office and w.c facilities.

Lease Summary

The property is held on a full repairing and insuring head lease in the following terms;

Tenant: Savers Health and Beauty Ltd
Expiry: 11th July 2029
Covenant Info: For the year ending 30th December 2023 Savers Health and Beauty Ltd reported a turnover of £754.82m with a pre-tax profit of £61.25m and shareholder funds of £142.13m

Price

The property is available on a freehold basis for o/o £225,000

V.A.T

The property has been elected for V.A.T as such the transaction will he treated as a transfer of a going concern (ToGC)

Lease & Title

Available on request

Legals

Each party shall bear their own legal costs incurred in the transaction

E.P.C
Available on request

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business