Unit 1, 75 Tredegar Street Risca Blaenau Gwent NP11 6BW

  • Unit 1, 75 Tredegar Street<br>Risca<br>Blaenau Gwent<br>NP11 6BW

Unit 1, 75 Tredegar Street
Risca
Blaenau Gwent
NP11 6BW

Modern Retail Unit with Parking

  • Let to Tesco Stores Limited until October 2026
  • RPI linked Rent Review in October 2021
  • Next door to public library and Risca Customer Service Centre
  • Forms part of the redeveloped Risca Palace building
  • 13 car parking spaces
  • Lot
    36
  • Auction
    5th December 2018
  • Rent
    £52,445 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Modern Retail Unit with Parking

  • Let to Tesco Stores Limited until October 2026
  • RPI linked Rent Review in October 2021
  • Next door to public library and Risca Customer Service Centre
  • Forms part of the redeveloped Risca Palace building
  • 13 car parking spaces
  • Lot 36
  • Auction 5th December 2018
  • Rent £52,445 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Supermarket/Convenience
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles north-west of Newport
12 miles north-east of Cardiff
Roads
A467, M4 (Junction 27)
Rail
Risca and Pontymister (30 mins to Cardiff Central)
Air
Cardiff International Airport
Situation

Risca is a town with a population of 11,500 5 miles northwest of Newport, 12 miles north-east of Cardiff and 3 miles from junction 27 of the M4 motorway. The property is located in the heart of the town centre on Tredegar Road (A467), next to the Risca local library and opposite Gwent Police Station and Risca Park, with Risca Rugby Club situated to the rear. Risca and Pontyminster Railway Station is a short walk from the property and provides regular direct services to Cardiff Central within 30 minutes.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent.

Location
Miles
5 miles north-west of Newport
12 miles north-east of Cardiff
Roads
A467, M4 (Junction 27)
Rail
Risca and Pontymister (30 mins to Cardiff Central)
Air
Cardiff International Airport
Situation

Risca is a town with a population of 11,500 5 miles northwest of Newport, 12 miles north-east of Cardiff and 3 miles from junction 27 of the M4 motorway. The property is located in the heart of the town centre on Tredegar Road (A467), next to the Risca local library and opposite Gwent Police Station and Risca Park, with Risca Rugby Club situated to the rear. Risca and Pontyminster Railway Station is a short walk from the property and provides regular direct services to Cardiff Central within 30 minutes.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent.

Description

The property comprises a ground floor retail unit currently used as a convenience store and forms part of the historic former Risca Palace Cinema, redeveloped in 2011. The unit benefits from 13 car parking spaces and servicing to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band B. See legal pack at www.acuitus.co.uk.

Description

The property comprises a ground floor retail unit currently used as a convenience store and forms part of the historic former Risca Palace Cinema, redeveloped in 2011. The unit benefits from 13 car parking spaces and servicing to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band B. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor Use
Floor Areas (Approx)
 Tenant Term Rent p.a.x Review/
(Reversion)
Ground Convenience
Store
353.1 sq m
(3,800 sq ft)
 TESCO STORES
LIMITED (1)
sublet to One
Stop Stores Ltd
(2)		 15 years from
31/10/2011		 £52,445.52 31/10/2021 (3)
(31/10/2026)
Total
353.1 sq m
(3,800 sq ft)
     £52,445.52  

(1) For the year ending 24th February 2018, Tesco Stores Limited reported a turnover of £41,367,000,000, pre-tax profits of £417,000,000 and a total net worth of £4,071,000,000 (Source: Experian 07/11/2018).
(2) The property has been sublet to One Stop Stores Ltd. Please refer to the legal pack for further information.
(3) The rent review is linked to RPI.

Contacts

Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.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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