Tesco Express Unit 5 Neath View Retail Centre Neath SA10 7RW

  • Tesco Express<br>Unit 5 Neath View Retail Centre<br>Neath<br>SA10 7RW

Tesco Express
Unit 5 Neath View Retail Centre
Neath
SA10 7RW

Freehold Convenience Store Investment

  • Let to Tesco Stores Ltd on a 15 year lease until 2024 (no breaks)
  • Forms part of Neath View Retail Centre in densely populated residential suburb
  • RPI linked review in 2019
  • On-site parking for approximately 46 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    18
  • Auction
    10th December 2015
  • Rent
    £62,845 per Annum Exclusive
  • Status
    Sold
  • Price
    £850,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Convenience Store Investment

  • Let to Tesco Stores Ltd on a 15 year lease until 2024 (no breaks)
  • Forms part of Neath View Retail Centre in densely populated residential suburb
  • RPI linked review in 2019
  • On-site parking for approximately 46 cars
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 18
  • Auction 10th December 2015
  • Rent £62,845 per Annum Exclusive
  • Status Sold
  • Price £850,000
  • Sector
    Supermarket/Convenience
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
1.4 miles north-west of Neath town centre, 7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A4230, M4 (Junction 43)
Rail
Neath Rail
Air
Cardiff Airport
Situation

The property is located within a densely populated and predominantly residential suburb, some 1.5 miles north-west of the popular market town of Neath.
The property forms part of the prominent roadside Neath View Retail Centre comprising five units, with the other units occupied by businesses such as Pipers Fish Bar, Mint Masala, Rokoko Hair and Beauty and Barnardo’s.

Tenure

Freehold.

Location
Miles
1.4 miles north-west of Neath town centre, 7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A4230, M4 (Junction 43)
Rail
Neath Rail
Air
Cardiff Airport
Situation

The property is located within a densely populated and predominantly residential suburb, some 1.5 miles north-west of the popular market town of Neath.
The property forms part of the prominent roadside Neath View Retail Centre comprising five units, with the other units occupied by businesses such as Pipers Fish Bar, Mint Masala, Rokoko Hair and Beauty and Barnardo’s.

Tenure

Freehold.

Description

The property comprises a ground floor retail and ancillary unit, currently used as a convenience store. The property benefits from car parking for some 46 cars, a dedicated service yard and a total approximate site area of 0.699 acres (0.283 hectares). The property forms part of a larger retail scheme, adjoining a parade of four units. These units are held in a separate title but benefit from rights of access and car parking rights over the site being offered for sale.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 and ancillary unit, currently used as a convenience store. The property benefits from car parking for some 46 cars, a dedicated service yard and a total approximate site area of 0.699 acres (0.283 hectares). The property forms part of a larger retail scheme, adjoining a parade of four units. These units are held in a separate title but benefit from rights of access and car parking rights over the site being offered for sale.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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
Ground Convenience
Store
384.51 sq m
(4,138 sq ft)
 TESCO STORES
LIMITED (1)		 15 years from 23/10/2009 until
22/10/2024 on a full repairing and
insuring lease		 £62,815 23/10/2019 (2)
Totals  
384.51 sq m
(4,138 sq ft)
     £62,815

(1) Tesco Stores Ltd is one of the largest supermarket chains in the UK, with over 3,500 stores and over 310,000 employees. (Source: Tesco.com 03/11/2015)
(2)The rent review is linked to the Retail Price Index.

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
Amy Jones 0845 497 9797amyjones@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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