Caroline Street, Bridgend, Bridgend (County of), Mid Glamorgan, CF31

Town Centre Retail Parade Investment ? Let to Sue Ryder

Caroline Street, Bridgend, CF31 1DN
999 year leasehold | £270,000 | 7,118 sq ft | Rent: £25,942 p.a.

A well-located town centre retail parade investment, fully let to Sue Ryder, an established national charity retailer.

Sue Ryder was founded in 1953 and operates from over 400 shops across the UK, providing strong tenant covenant and reliable income.

The property provides ground floor retail accommodation with ancillary space to the upper floors, and benefits from a service yard to the rear. The building occupies a prominent position on Caroline Street, opposite the main entrance to the Rhiw Shopping Centre and Indoor Market, within Bridgend?s prime retail area.

Accommodation (Approx. GIA):

Ground Floor Retail: 306.02 sq m (3,294 sq ft)

First Floor Ancillary: 355.26 sq m (3,824 sq ft)
Total: 661.28 sq m (7,118 sq ft)

Tenancy Details:

Tenant: Sue Ryder

Passing Rent: £25,942 per annum

Lease Term: 10 years from 8 July 2019 to 7 July 2029

Net Service Charge: £11,559.23 per annum

Investment Highlights:

Situated within an established retail parade in Bridgend town centre

Prominent position opposite Rhiw Shopping Centre and indoor market

Strong covenant ? national charity retailer trading from 400+ UK stores

Excellent transport links via M4 (J35/36) and Bridgend railway station

999 Year Leasehold investment producing secure income

Attractive price of £270,000, offering a strong yield potential

Location:
Bridgend is a well-connected market town in South Wales, approximately 21 miles west of Cardiff and 24 miles east of Swansea. Caroline Street forms part of the main retail thoroughfare and is home to a mix of national and local occupiers including New Look, British Heart Foundation, Subway, and Sue Ryder. Nearby retailers include O2, Burton, JD Wetherspoon, and Boots.

Transport Links:

Road: A406 and M4 motorway (J35/36)

Rail: Bridgend Station

Air: Cardiff Airport

Tenure:
999 year leasehold

Price:
£270,000 (subject to contract)

VAT:
VAT is applicable to this property.(However, TOCG can be applied if the buyer has a VAT number and gets the option to tax on property)

*Property availability may be subject to change, please call our office to verify before proceeding with your enquiry or arranging a viewing. Unit sizes listed are approximate and price may vary, dependent on size or location of the units within the parade.
Misrepresentation Act 1967 Ivy Business Centre Ltd for themselves, for any joint agents and for the vendors or lessors of this property whose agents they give notice that: 1: The details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 2: All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them 3: No person in the employment of Ivy Business Centre Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4: All rentals and prices are quoted exclusive of VAT. *Unit sizes listed are