13 & 15 Bradenham Place, Penarth, Penarth
Penarth, Penarth, CF64 2AG

  • map
Mark Siddons

The Agent

Mark Siddons
Associate Director

02920 346361
Ben Bolton

The Agent

Ben Bolton
Director

02920 346376

Specification

  • OFFICE
  • 1,794 sqft (167 sqm)
  • For sale
  • £650,000

Description

The property comprises a 3 story period office building, with self-contained ground floor office,  and a further self- contained office on first and second floors.

There are 10 parking spaces in total, located to the front and rear of the office building.

Each office benefits from; gas central heating, ladies and gents WCs and kitchen facilities.

The 1st and 2nd floor have recently undergone refurbishment, while retaining many traditional features.

Penarth is easily accessible from Junction 33 of the M4 via the A4232 dual carriageway and the A4055.  Cardiff International Airport is 11 miles to the West.

Penarth is situated on the Vale of Glamorgan railway line, which provides a direct link to Cardiff Central (shortest journey time of 17 minutes)


AVAILABILITY

Ground Floor:  769 sq. ft.
First Floor : 575 sq.ft. (53.42 sq.m)
Second Floor:  450 sq.ft. (41.81 sq.m)

TOTAL:  1,794 SQ.FT. ( 166.69 SQ.M) NIA

Tenure: The freehold of the property is available to purchase:

Tenancy Information:

No 13 (Ground floor)
769 sq.ft
Let to: the Welsh Contact Centre
Lease expiry 18th December 2023.
Rent:  £13,180 psf
IRI
Outside the Act.

No 15 (1st and 2nd floor)
1,025 sq.ft
Let to: All Saints DC Limited.
Lease expiry 17th August 2026.
Break: Mutual break 18th August 2023
Rent: £15,000 pa
IRI
Outside the Act.

Vacant possession of the whole property is achievable by: 18th December 2023

Total rental income: £28,180 per annum (reflecting a rent of £15.71 psf)

Price: £650,000.

Business rates:

No 13:  Rateable value £8,865
No 15:  Rateable Value £9,200

Interested parties are advised to contact the Council regarding Business Rates Relief if applicable.

Service Charge:

No 13: £300 pa
No 15: £350 pa

VAT: The Landlord is in the process of de-registering the property for VAT, so VAT will not apply on the purchase.

The property has an EPC rating of D/100

Parking: There are 10 parking spaces included with the property.

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.

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP