22/24 John Street, 22/24 John Street , Porthcawl
Porthcawl, CF36 3BA

  • map
Gabriel Davies

The Agent

Gabriel Davies
Surveyor

02920 346339
Ian Newbury

The Agent

Ian Newbury
Surveyor

02920 346316
Brochure

Download the Brochure

Download

Specification

  • INVESTMENT GENERAL, INVESTMENT RETAIL
  • 0 sqft (0 sqm)

Description

LOCATION
The property is located in Porthcawl, an attractive seaside town on the south coast of Wales in the county borough of Bridgend. Porthcawl is 25 miles west of Cardiff and 19 miles southeast of Swansea. The town has approximately 16,000 (2011 census) local residence who secure year long trade for the high street retailers. The area benefits from a large influx of visitors due to the proximity of the coast and attractive beaches.

DESCRIPTION
The property is arranged over three floors. The ground floor element is split into two retail units and the first and second floors are used as residential flats.
The ground floor retail units are let to The Fruit Bowl, a fruit and veg shop, and Janes Forget Me Not, a card and stationery shop.

PROPOSAL
Offers are invited in excess of £350,000 (Three hundred and Fifty Thousand) subject to contract and exclusive of VAT for our clients freehold interest, reflecting a net initial yield of 9.77% after purchasers costs of 3.8%.

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.