- 2,849 sqft (265 sqm)
- For sale
The property occupies a good position in Pontypridd town centre on the pedestrianised Market Street with the adjacent occupier being Superdrug. Other occupiers nearby include New Look, WH Smith, Lloyds TBS, Costa Coffee, Boots the Chemist and Poundland.
Pontypridd town centre is located approximately 12 miles (19 km) north of Cardiff and 21 miles (38) north west of Newport. The town has benefited from substantial investment over recent years with the Taff Vale mixed use development to bring an estimated 1,000 jobs to the town centre in 2020.
The property comprises a two storey building over ground and first floor. The ground floor comprises an open plan sales area with the first floor providing ancillary accommodation. Rear servicing is provided.
The property is let in its entirety to Valley Sports Limited (Company Number 09982432) by virtue of an FRI lease at a rent of £17,000 pax effective 23rd March 2019 with fixed increases to £18,000 pax from 23rd March 2020 and to £19,000 pax from 23rd March 2023 until expiry on 22nd March 2028.
VAT is applicable.
The property provides the following approximate areas and dimensions:
Gross Frontage 7.5 m 24 ft 7 ins
Shop Depth 29.80 m 97 ft 9 ins
Ground Floor Sales 264.70 sq m 2,849 sq ft
First Floor Ancillary 1,036.10 sq m 1,465 sq ft
Each party to bear its own legal costs in dealing with this transaction.
E - 101
We are instructed to seek offers in excess on £250,000 (Two Hundred and Fifty Thousand Pounds), reflecting a net initial yield of 6.65% after allowing for purchasers costs of 2.20%.
Subject to contract and exclusive of VAT.
Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.