Poundworld, Market Square Merthyr Tydfil Mid Glamorgan CF47 8BY

Poundworld, Market Square
Merthyr Tydfil
Mid Glamorgan
CF47 8BY

Prime Freehold Retail Investment

Let to Poundworld Retail Limited on a new 10 year lease until 2024 (no breaks)
Prominent town centre position in the pedestrianised Market Square
Nearby occupiers include HSBC Bank, Halifax Bank, Specsavers Optician and Greggs
Located opposite St Tydfils Shopping Centre and Beacons Place Shopping Centre

Lot
18
Auction
11th December 2014
Rent
£125,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Bank

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Prime Freehold Retail Investment

Let to Poundworld Retail Limited on a new 10 year lease until 2024 (no breaks)
Prominent town centre position in the pedestrianised Market Square
Nearby occupiers include HSBC Bank, Halifax Bank, Specsavers Optician and Greggs
Located opposite St Tydfils Shopping Centre and Beacons Place Shopping Centre

Lot 18
Auction 11th December 2014
Rent £125,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Bank

Property Information

Location

Miles: 24 miles north of Cardiff; 38 miles east of Swansea; 63 miles north-west of Bristol
Roads: A4054, A4102, A465, A470
Rail: Merthyr Tydfil Railway Station
Air: Cardiff Airport

Situation

The property, an island site with four frontages, is situated in an extremely prominent position within the prime pedestrianised section of High Street/Market Square. The property is situated opposite an entrance to St Tydfil Shopping Centre on one side and opposite Beacons Place Shopping Centre on the other which leads to the Tesco Extra supermarket and the rail station providing considerable additional footfall. Other nearby occupiers include HSBC Bank, Halifax Bank, Specsavers Optician and Greggs Bakers.

Tenure

Freehold.

Location

Miles: 24 miles north of Cardiff; 38 miles east of Swansea; 63 miles north-west of Bristol
Roads: A4054, A4102, A465, A470
Rail: Merthyr Tydfil Railway Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a retail unit over ground and first floors with ancillary accommodation on the remainder of the first floor.

NB. The letting to Poundworld Retail Limited concluded after competition from another major discount retailer.
More than 2,000 shoppers attended Poundworld’s opening day on October 30th, making it one of the most popular openings to date. (Source: Poundworld Website)

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Review/(Reversion)
Ground First	Retail Retail/Ancillary	510.43 sq m 561.51 sq m	(5,497 sq ft) (6,044 sq ft)	POUNDWORLD RETAIL LIMITED (1)	10 years from 06/10/2014 on a full repairing and insuring lease	£125,000	06/10/2019 (05/10/2024)
Totals		1,071.94 sq m	(11,541 sq ft)			£125,000

(1) For the year ending 31st March 2014, Poundworld Retail Limited reported a turnover of £345,259,000, pre-tax profits of £5,002,000 and a total net worth of
£11,498,000 (Source: www.riskdisk.com 03/11/2014).
Poundworld now trade from over 180 stores nationwide, employing over 5,100 employees (Source: Poundworld Website).