152 - 158 High Street Blackwood NP12 1AH

  • 152 - 158 High Street<br>Blackwood<br>NP12 1AH

152 - 158 High Street
Blackwood
NP12 1AH

Freehold Town Centre Investment

  • 33,133 sq ft Entirely Let to Wilko Retail Limited
  • Prominent High Street Location adjacent to the Town’s Bus Station
  • Short distance from The Market Place Shopping Centre.
  • Nearby occupiers include Santander Bank, Shoe Zone, Peacocks Clothing and Sports Direct
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    64
  • Auction
    7th July 2016
  • Rent
    £117,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On the Instructions of Receivers, Bilfinger GVA
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Freehold Town Centre Investment

  • 33,133 sq ft Entirely Let to Wilko Retail Limited
  • Prominent High Street Location adjacent to the Town’s Bus Station
  • Short distance from The Market Place Shopping Centre.
  • Nearby occupiers include Santander Bank, Shoe Zone, Peacocks Clothing and Sports Direct
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 64
  • Auction 7th July 2016
  • Rent £117,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On the Instructions of Receivers, Bilfinger GVA

Property Information

Location
Miles
12 miles north west of Newport, 15 miles north of Cardiff, 41 miles east of Swansea
Roads
B4251, A469, A470
Rail
Pengam Rail (Direct to Cardiff Queen Street in 30 minutes)
Air
Cardiff International Airport
Situation

Blackwood is a popular commuter town just 12 miles north-west of Newport and 15 miles north of Cardiff. The property is situated in the heart of the town centre, occupying a prominent pitch onto the High Street just a short distance from The Market Place Shopping Centre which houses retailers such as Peacocks Clothing, Iceland, Brighthouse and Boots. Other nearby occupiers include Santander, Maxime Cinema and Shoe Zone. The property benefits from excellent transport links with the town centre bus stop located to the rear of the property and car parks located on either side of the High Street.

Tenure

Freehold.

Location
Miles
12 miles north west of Newport, 15 miles north of Cardiff, 41 miles east of Swansea
Roads
B4251, A469, A470
Rail
Pengam Rail (Direct to Cardiff Queen Street in 30 minutes)
Air
Cardiff International Airport
Situation

Blackwood is a popular commuter town just 12 miles north-west of Newport and 15 miles north of Cardiff. The property is situated in the heart of the town centre, occupying a prominent pitch onto the High Street just a short distance from The Market Place Shopping Centre which houses retailers such as Peacocks Clothing, Iceland, Brighthouse and Boots. Other nearby occupiers include Santander, Maxime Cinema and Shoe Zone. The property benefits from excellent transport links with the town centre bus stop located to the rear of the property and car parks located on either side of the High Street.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on second and third floors. The first floor has been sublet providing open plan retail accommodation for a number of small retailers along with a cafe. This part can be accessed via a separate staircase both from the High Street and from the bus station car park. The property benefits from loading doors to the rear of the property which provide lift access to all floors.

NB: As to the VAT status please refer to the special conditions.

VAT

VAT is applicable to this lot.

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.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises ground floor retail accommodation with ancillary accommodation on second and third floors. The first floor has been sublet providing open plan retail accommodation for a number of small retailers along with a cafe. This part can be accessed via a separate staircase both from the High Street and from the bus station car park. The property benefits from loading doors to the rear of the property which provide lift access to all floors.

NB: As to the VAT status please refer to the special conditions.

VAT

VAT is applicable to this lot.

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.

Completion Period

Six Week Completion

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
Third		 Retail
Retail (2)
Ancillary
Ancillary
1,168.34 sq m
1,153.57 sq m
705.04 sq m
51.18 sq m
(12,576 sq ft)
(12,417 sq ft)
(7,589 sq ft)
(551 sq ft)
 WILKO RETAIL
LIMITED (1)		 20 years from 07/04/2000 on a full
insuring and repairing lease		 £117,000 06/04/2020
Total  
3,078.15 sq m
(33,133 sq ft)
     £117,000

(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)
(2) The first floor has been sublet and is trading as Emily’s Indoor Shops.

Contacts

Seller's Solicitors
Trowers & Hamlins The Senate, Southernhay Gardens
Exeter
EX1 1UG
Ben Neary 0)1392 221950bneary@trowers.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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