Freehold Retail Investment
Freehold Retail Investment
The property is situated in Neath town centre, part on the pedestrianised Wind Street and part with frontage to Old Market Street. Occupiers close by include Boots (opposite), Iceland, Superdrug, Greggs, Clarks, Poundland, Next, Barclays, NatWest and Marks & Spencer.
Freehold.
The property is situated in Neath town centre, part on the pedestrianised Wind Street and part with frontage to Old Market Street. Occupiers close by include Boots (opposite), Iceland, Superdrug, Greggs, Clarks, Poundland, Next, Barclays, NatWest and Marks & Spencer.
Freehold.
The property is arranged to provide three shops. 48 and 49 Wind Street comprises 2 shops with ancillary accommodation on first floor. The second floor is not presently used and was not inspected. Unit 1 Old Market Street provides a ground floor shop with first floor ancillary accommodation.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property is arranged to provide three shops. 48 and 49 Wind Street comprises 2 shops with ancillary accommodation on first floor. The second floor is not presently used and was not inspected. Unit 1 Old Market Street provides a ground floor shop with first floor ancillary accommodation.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| 48 Wind Street Ground First Second |
Retail Ancillary Not Used |
237.5 sq m 195.0 sq m |
(2,556 sq ft) (2,099 sq ft) |
WH SMITH RETAIL HOLDINGS LIMITED (1) (2) |
5 years from 24/06/2016 |
£38,000 |
(2021) |
| 49 Wind Street Ground First Second |
Retail Ancillary Not Used |
42.0 sq m 41.5 sq m |
(452 sq ft) (447 sq ft) |
THE SHAW TRUST LIMITED t/a Salvage (3) |
4 years from 13/03/2014 (4) |
£14,000 |
(2018) (2016 break option not exercised) |
| Unit 3 Old Market Street Ground First |
Retail Ancillary |
44.0 sq m 53.0 sq m |
(474 sq ft) (570 sq ft) |
CANCER RESEARCH UK (5) |
10 years and 1 day from 08/01/2014 |
£10,000 |
2019 (2024) (6) |
| Total |
613 sq m | (6,598 sq ft) | £62,000 | ||||
(1) For the year ended 31st August 2016, WH Smith Retail Holdings Limited reported a turnover of £175,131,000, pre-tax profits of £75,302,000 and a total net worth of £461,234,000 (Source : Experian 12/01/2018). Website: www.whsmith.co.uk
(2) Part sublet and trading as The Post Office.
(3) For the year ended 31st March 2017, The Shaw Trust Limited reported no turnover, pre-tax profits of £38,152,000 and a total net worth of £112,090,000 (Source : Experian 12/01/2018). Website: www.shaw-trust.org.uk
(4) The lease is excluded from the provisions of Sections 24 to 28 of the Landlord and Tenant Act 1954.
(5) For the year ended 31st March 2017, Cancer Research UK reported no turnover, pre-tax profits of £32,900,000 and a total net worth of £383,500,000 (Source: Experian 12/1/2018). Cancer Research UK operate from "over 580 shops on the high streets across the UK" (Source: www.cancerresearchuk.org).
(6) Tenant’s option to break in 2019.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
