8-9 Canon Street, Aberdare

The property comprises a high yielding, multi-let, retail investment with vacant upper parts and occupying a prominent corner pitch.

Arranged as two ground floor retail units with separately accessed first and second floors, the property is let to two tenants and producing a gross rent of £18,500 per annum.

8 Canon Street is let to Oasis Communications t/a Get Connected on a recently renewed five year lease expiring 21.09.2030 and paying £6,000 per annum. The tenant is a long standing occupier of 20+ years and operate 50+ stores nationally.

9 Canon Street is let to Outlet Wholesale limited on a five year lease expiring 31.07.2027 and paying £12,500 per annum. We consider the property offers asset management potential via renewal of this lease.

The property includes first and second floors which are currently vacant and benefit from separate access from Whitcombe Street. We consider this space offers asset management potential via letting, or could be suitable for conversion to alternative uses (subject to obtaining any requisite consents)

The property occupies a prominent corner pitch with frontages to Canon Street and Whitcombe Street. Canon Street follows on from the pedestrianised Commercial Street and comprises part of the principal retail amenity in Aberdare. Nearby occupiers include B&M, The Works and Greggs.