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

Town Centre Retail Parade Investment ? Let to New Look

Caroline Street, Bridgend, CF31 1DN
999-Year Leasehold | £300,000 | 8,139 sq ft | Turnover Rent

A well-established town centre retail parade investment, prominently positioned on Caroline Street in the heart of Bridgend. The property is let to New Look, one of the UK?s leading fashion retailers, operating from over 800 stores worldwide.

The property provides ground floor retail accommodation with ancillary space at first floor level, together with a service yard to the rear. It occupies a modern, prominent position opposite the Rhiw Shopping Centre and Indoor Market, forming part of a busy retail parade with nearby occupiers including Sue Ryder, British Heart Foundation, Subway, O2, and Boots.

Accommodation (Approx. GIA):

Ground Floor Retail: 434.97 sq m (4,682 sq ft)

First Floor Ancillary: 321.16 sq m (3,457 sq ft)
Total: 756.13 sq m (8,139 sq ft)

Tenancy Details:

Tenant: New Look Retailers Ltd

Rent: £28000 rent per annum

Lease Term: till January 2031

Investment Highlights:

Prime retail parade location within Bridgend town centre

Let to major national fashion retailer New Look

Turnover rent structure offering potential for growth

Opposite the main entrance to Rhiw Shopping Centre and Indoor Market

Surrounded by a strong mix of national and regional retailers

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

999-year leasehold investment with strong covenant tenant

Location:
Bridgend is a prominent market town in South Wales, situated approximately 21 miles west of Cardiff and 24 miles east of Swansea. Caroline Street forms one of the main retail thoroughfares and benefits from consistent footfall. Other occupiers in the vicinity include Burton, JD Wetherspoon, and Boots.

Transport Links:

Road: A406 and M4 motorway (J35/36)

Rail: Bridgend mainline station

Air: Cardiff International Airport

Tenure:
999-year leasehold

Price:
£300,000

VAT:
VAT is applicable to this property. (However, TOGC can be applied if buyer has a VAT number and gets 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 approximate.