1 George Street, Pontypool, Monmouthshire, Torfaen, NP4

The property is a three storey corner terrace building.
The ground floor has an open plan retail area fitted out to the current
tenant's specification. The property benefits from suspended ceilings,
laminate flooring and power sockets.

The property has windows on two sides, with security roller shutters.
There are two separate back rooms, a kitchen and WC facilities.
The upper floors consist of three flats. The first floor has two 2 bed
flats and the third floor has a 3 bed flat.

TENANCIES
Flat 1 is let for a rent of £650 pcm, expiring in July 2025. Flat 3 is let
for a rent of £725 pcm expiring February 2025. Flat 2 is currently
vacant but has the potential rent of £700 pcm.

The ground floor is currently let to CCHG Ltd t/a VPZ for a period of
5 years ending on 15th August 2028 subject to a mutual break clause
of 6 months notice on 16th August 2026. The current rent is £12,000
per annum exclusive. The tenant is responsible for internal repairs
and insurance subject to a schedule of condition.

COVENANT STRENGTH GROUND FLOOR TENANT
In its latest filed accounts to 31st December 2022, the tenant declared
a profit after tax of c £465,000 and shareholder funders of in excess
of £13.4m.
VPZ trade from over 170 locations across the UK.