84 St. Teilo Street Pontarddulais, Swansea West Glamorgan SA4 8ST

  • 84 St. Teilo Street<br>Pontarddulais, Swansea<br>West Glamorgan<br>SA4 8ST

84 St. Teilo Street
Pontarddulais, Swansea
West Glamorgan
SA4 8ST

Freehold Retail and Residential Investment

  • Majority let to The Factory Shop Limited until 2025
  • Adjacent to Tesco Superstore
  • Includes large former council run car park to the rear
  • Approximate site area of 0.35 hectares (0.87) acres
  • Lot
    76
  • Auction
    19th October 2017
  • Rent
    £53,689 per Annum Exclusive
  • Status
    Sold
  • Price
    £604,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Co-op
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Freehold Retail and Residential Investment

  • Majority let to The Factory Shop Limited until 2025
  • Adjacent to Tesco Superstore
  • Includes large former council run car park to the rear
  • Approximate site area of 0.35 hectares (0.87) acres
  • Lot 76
  • Auction 19th October 2017
  • Rent £53,689 per Annum Exclusive
  • Status Sold
  • Price £604,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Co-op

Property Information

Location
Miles
9 miles north-west of Swansea, 50 miles north-west of Cardiff
Roads
A48, A4138, M4 (Junction 48)
Rail
Pontarddulais Railway Station
Air
Cardiff International Airport
Situation

Pontarddulais is a predominantly residential suburb, situated some 9 miles north-west of Swansea and within close proximity of Junction 48 of the M4 Motorway. The property is prominently situated within the town centre adjacent to Tesco Superstore, the town’s main supermarket, along with a number of other local retailers located nearby.

Tenure

Freehold.

Location
Miles
9 miles north-west of Swansea, 50 miles north-west of Cardiff
Roads
A48, A4138, M4 (Junction 48)
Rail
Pontarddulais Railway Station
Air
Cardiff International Airport
Situation

Pontarddulais is a predominantly residential suburb, situated some 9 miles north-west of Swansea and within close proximity of Junction 48 of the M4 Motorway. The property is prominently situated within the town centre adjacent to Tesco Superstore, the town’s main supermarket, along with a number of other local retailers located nearby.

Tenure

Freehold.

Description

The property comprises ground floor retail with 4 x two bedroom residential flats on the first floor. The property benefits from a large car park at the rear, accessed via Cambrian Place.

VAT

VAT is applicable to this lot.

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 with 4 x two bedroom residential flats on the first floor. The property benefits from a large car park at the rear, accessed via Cambrian Place.

VAT

VAT is applicable to this lot.

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 Review/
(Reversion)
Ground Retail/Ancillary
640 sq m
(6,890 sq ft)
 THE FACTORY
SHOP LIMITED (1)		 10 years from
03/02/2015 until
25/01/2025		 £50,000 rising to
£56,750 in 2020		 03/02/2020
Ground
First		 Entrance
Residential
4 x two bedroom flats
 FAMILY HOUSING
ASSOCIATION		 25 years from
26/02/1996		 £3,689 (26/02/2021)
Total
640 sq m
(6,890 sq ft)
     £53,689  

(1) For the year ending 27th March 2016, The Factory Shop Limited reported a turnover of £184,496,000, pre-tax profits of £6,015,000 and a total net worth of £48,706,000 (Source: Experian Group 14/09/2017). The Original Factory Shop was established back in 1969 and now has over 200 stores across the UK (Source: www.tofs.com 25/09/2017).

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Co-Operative Group Legal Department Pall Mall Court, 61-67 King Street
Manchester
M2 3PD
Steven Silver +44 (0)16 1827 5040steven.silver@weightmans.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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