24 Victoria Square, Aberdare, Mid Glamorgan, CF44 7LB
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Prominent commercial property
- Close to local amenities
Description
ONLINE AUCTION from 1st September-3rd September
A prominent three-storey commercial property located within Aberdare Square, in the heart of Aberdare town centre, currently occupied at ground-floor level by Betfred.
The property provides commercial accommodation at ground-floor level with additional accommodation arranged over the first and second floors.
The ground-floor commercial premises are let to Betfred on a 10-year lease from 25 March 2025, expiring 24 March 2035, at a current rent of £12,000 per annum, with a rent review on 25 January 2030.
The existing occupational lease relates to the ground-floor commercial accommodation only. The first and second floors are not included within the tenant's demise.
The first and second floors have not been internally inspected, and their current condition is therefore unknown.
Access is available to the rear of the property via a shared access, which may provide potential for the upper floors to be converted or redeveloped to provide residential accommodation, subject to obtaining all necessary planning permissions, building regulations and other statutory consents.
The property represents an attractive opportunity to acquire an income-producing commercial investment with further development and asset management potential, prominently located within Aberdare Square.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The ground floor is let to Done Brothers (Cash Betting) Limited, trading as Betfred, for a term of 10 years from 25 March 2025, expiring 24 March 2035, at a current rent of £12,000 per annum, with a rent review on 25 January 2030. The occupational lease relates to the ground floor only.
24 Victoria Square, Aberdare, Mid Glamorgan, CF44 7LB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Aberdare Station0.1 miles
- Cwnbach Station1.5 miles
- Fernhill Station2.8 miles
About Paul Fosh Commercial, South Wales
Shackleton House, Langstone Business Village, Newport, NP18 2LHNotes
Disclaimer - Property reference 360478. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Paul Fosh Commercial, South Wales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paul Fosh Commercial, South Wales on 01633 603812.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”