Substantial and prominent building entirely let to Wilko Retail Limited
Excellent trading location between the Bridgend Shopping Centre and Rhiw Shopping Centre
Adjacent to one of the town’s largest car parks
Future development potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 72
Auction 19th May 2016
Rent £174,685 per Annum Exclusive
Status Sold
Price £1,375,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Receivers, Bilfinger GVA
Property Information
Location
Miles
20 miles west of Cardiff, 22 miles south-east of Swansea
Roads
M4 (Junction 36), A48, A473
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation
The property is situated within the town centre, on the eastern side of Nolton Street at a busy interchange between Rhiw Shopping Centre and Bridgend Shopping Centre, which is located opposite. The property further benefits from having one of the town's largest car parks immediately to the rear, providing easy access to the property and to the shopping centres.
Tenure
Freehold.
Location
Miles
20 miles west of Cardiff, 22 miles south-east of Swansea
Roads
M4 (Junction 36), A48, A473
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation
The property is situated within the town centre, on the eastern side of Nolton Street at a busy interchange between Rhiw Shopping Centre and Bridgend Shopping Centre, which is located opposite. The property further benefits from having one of the town's largest car parks immediately to the rear, providing easy access to the property and to the shopping centres.
Tenure
Freehold.
Description
The property comprises retail accommodation over ground and first floors, with storage and ancillary space on the second floor. The property benefits from access off Nolton Street, adjacent to Boots and additionally off Brackla Street, opposite the main entrance to the Bridgend Shopping Centre.
Six Week Completion.
NB: As to the VAT status please refer to the special conditions.
Note
This property is being marketed for sale on behalf of the mortgagee of the property and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers appointed by the mortgagee to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers and the mortgagee are acting in respect of this sale without personal liability.
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 retail accommodation over ground and first floors, with storage and ancillary space on the second floor. The property benefits from access off Nolton Street, adjacent to Boots and additionally off Brackla Street, opposite the main entrance to the Bridgend Shopping Centre.
Six Week Completion.
NB: As to the VAT status please refer to the special conditions.
Note
This property is being marketed for sale on behalf of the mortgagee of the property and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers appointed by the mortgagee to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers and the mortgagee are acting in respect of this sale without personal liability.
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 First Second
Retail/Ancillary Retail/Ancillary Ancillary
1,255.20 sq m 1,218.50 sq m 526.80 sq m
(13,511 sq ft) (13,115 sq ft) (5,670 sq ft)
WILKO RETAIL LIMITED
20 years from 26/07/1999
£174,685
25/07/2019
Total
3,000.50 sq m
(32,296 sq ft)
£174,685
(1) For the year ending 31st Jan 2015, Wilko Retail Limited reported a turnover of £1,444,563,000, pre-tax profits of £5,496,000 and a total net worth of £160,898,000. (Source: Experian Group 18/04/2016)
Contacts
Seller's Solicitors
Trowers & Hamlins The Senate, Southernhay Gardens Exeter EX1 1UG
