57 Holton Road Barry Nr. Cardiff Vale of Glamorgan CF63 4SH

57 Holton Road
Barry
Nr. Cardiff
Vale of Glamorgan
CF63 4SH

Freehold Retail Investment

Entirely let to Tesco Stores Limited on a 15 year lease until July 2024
Uncapped RPI linked review in July 2014 and 5 yearly
Town centre location
Nearby occupiers include Barclays Bank, Greggs, Wilkinson, William Hill and Costa Coffee

Lot
47
Auction
9th July 2014
Rent
£60,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Entirely let to Tesco Stores Limited on a 15 year lease until July 2024
Uncapped RPI linked review in July 2014 and 5 yearly
Town centre location
Nearby occupiers include Barclays Bank, Greggs, Wilkinson, William Hill and Costa Coffee

Lot 47
Auction 9th July 2014
Rent £60,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 7 miles south-west of Cardiff, 54 miles west of Bristol
Roads: A48, M4
Rail: Barry Dock and Barry Railway Stations
Air: Cardiff Airport (3.5 miles)

Situation

Barry is a seaside resort situated on the northern coast of the Bristol Channel, less than 7 miles from Cardiff city. The property is situated within the town centre in a prominent corner position on the northern side of Holton Road, Barry’s main retailing thoroughfare, at its junction with Evans Street. Nearby occupiers include Barclays Bank, Greggs, Wilkinson and William Hill with 88-90 Holton Road recently let to Costa Coffee.

Tenure

Freehold.

Location

Miles: 7 miles south-west of Cardiff, 54 miles west of Bristol
Roads: A48, M4
Rail: Barry Dock and Barry Railway Stations
Air: Cardiff Airport (3.5 miles)

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit benefitting from
loading to the rear via a roller shutter door.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit benefitting from
loading to the rear via a roller shutter door.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Retail	418.05 sq m	(4,500 sq ft)	TESCO STORES LIMITED (1)	15 years from 27/07/2009 until 26/07/2024 on a full repairing and insuring lease	£60,000	27/07/2014 and 27/07/2019 (2)
Totals		418.05 sq m	(4,500 sq ft)			£60,000 rising to approx. £71,893 p.a.x. in July 2014

(1) For the year ending 23rd February 2014, Tesco Stores Limited reported a turnover of £42,662,000,000, pre-tax profits of £921,000,000 and a total net worth of £3,113,000,000. (Source: www.riskdisk.com 03/06/2014)
(2)The rent review is RPI linked. RPI rose from 213.4 in July 2009 to 255.7 in April 2014 equating to a 19.4% increase. An equivalent increase in the current rent would therefore equate to £71,893 p.a.x. although the exact outcome of which will not be known until the rent review date.