21 miles west of Cardiff, 24 miles south-east of Swansea, Roads A406, M4
Bridgend is located in South Wales approximately 21 miles west of Cardiff and 24 miles south-east of Swansea. The property is situated in a prominent, town centre location on the north side of the pedestrianised Caroline Street, opposite the main entrance to Rhiw Shopping Centre and indoor market, and extends to junction with Dunraven Place. Nearby retailers include Boots the Chemist, Burton, O2 and JD Wetherspoon
The property comprises a substantial retail parade currently arranged as six shops, each providing ground floor retail accommodation together with first-floor ancillary. There is a service yard to the rear of the property. A substantial retail parade comprising six-well configured retail units. Tenants include Halifax, Subway, New Look, British Heart Foundation and Sue Ryder. Retail premise size ranges from 195.28 sq m (2102 sq ft) up to 2,482.77 sq m (26,725 sq ft) for the whole parade. Modern building in prominent Town Centre location, opposite Rhiw Shopping Centre/Indoor Market. Nearby occupiers include Boots the Chemist, Burton, O2 and JD Wetherspoon
From £12,000, up to £193,885 per Annum Exclusive
Property availability may be subject to change, please call us 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 shops within the parade.
For the year ending 31/12/2018, Subway Realty Limited reported a turnover of £35,107,808, pre tax profits of £1,530,929 and total assets of £7,749,186 (NorthRow 13/11/2020).
British Heart Foundation was founded in 1961 and operates from over 700 stores (www.bhf.org.uk).
Founded in 1969, New Look now operates in over 800 stores around the world, the majority in the UK and the Republic of Ireland (www.newlookgroup.com 12/11/2020).
New Look Retailers Limited filed for CVA in September 2020 and as a result it has been agreed that they will pay a 3% turnover rent for this store on the equivalent monthly basis. Under the CVA the landlord and tenant are granted additional rights to terminate the lease. Please see legal pack for full details and a copy of the CVA agreement.
Sue Ryder was founded in 1953 and operates from over 400 shops across the UK (sueryder.org).
Includes estimated annualised rent paid by New Look, based on the agreed 3% turnover rent, assuming New Look continue to trade throughout the year at similar levels to that reported for the month ending 23rd October 2020. For the month ending 23rd October 2020 New Look reported a turnover of £63,730 at this store.
Due to the current restrictions in movement throughout the UK, the property may not have been inspected. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2017 Ratings List of TBA.
VAT is applicable to this lot.
If sold, each party are to bear their own legal costs incurred in connection with the transaction.
EPC- Various. See legal pack
Strictly by appointment with the agent Kirkham Property - 509 Middleton Road, Chadderton, Oldham OL9 9SH - Please call 0161 925 3759 or email firstname.lastname@example.org