Ron Skinner & Sons 293 Penarth Road Cardiff CF11 8TT

Ron Skinner & Sons
293 Penarth Road
Cardiff
CF11 8TT

Freehold Car Showroom Investment

Let to Ron Skinner & Sons Limited on assignment from Rycliff Cars Limited
Original lease guaranteed by Rybrook Holdings
Site area approximately 0.2 hectares (0.5 acres)
Situated on a major commercial park
Neighbouring car showrooms include, Renault, Hyundai, Kia, Lexus, Toyota, Jaguar, Suzuki, MINI, Ford and Volvo

Lot
13
Auction
4th April 2019
Rent
£112,500 per Annum Exclusive
Status
Sold
Price
£1,160,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund

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Freehold Car Showroom Investment

Let to Ron Skinner & Sons Limited on assignment from Rycliff Cars Limited
Original lease guaranteed by Rybrook Holdings
Site area approximately 0.2 hectares (0.5 acres)
Situated on a major commercial park
Neighbouring car showrooms include, Renault, Hyundai, Kia, Lexus, Toyota, Jaguar, Suzuki, MINI, Ford and Volvo

Lot 13
Auction 4th April 2019
Rent £112,500 per Annum Exclusive
Status Sold
Price £1,160,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund

Property Information

Location

Miles: 1.5 miles south-west of Cardiff city centre, 15 miles south-west of Newport, 45 miles west of Bristol
Roads: A48, A4232, M4 (Junction 33)
Rail: Grangetown Railway Station, Cardiff Central Railway Station
Air: Cardiff Airport

Situation

The property is prominently located in the heart of Cardiff’s motor retail district on the east side of the busy junction of Penarth Road and Hadfield Road. Neighbouring car showrooms include main dealers for Renault, Hyundai, Kia, Lexus, Toyota, Jaguar Land Rover, Suzuki, MINI, Ford and Volvo. Other major occupiers close by include Costco, Booker, Bestway and Ikea.

Tenure

Freehold.

Location

Miles: 1.5 miles south-west of Cardiff city centre, 15 miles south-west of Newport, 45 miles west of Bristol
Roads: A48, A4232, M4 (Junction 33)
Rail: Grangetown Railway Station, Cardiff Central Railway Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a car showroom with ground floor showroom with office and ancillary accommodation on the first floor. The property benefits from two vehicle entrance doors. The property also benefits from a site area of 0.20 hectares (0.49 acres) providing car parking.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Showroom, Ancillary and Workshop	880.04 sq m	(9,472 sq ft)	RON SKINNER & SONS LIMITED on assignment with an Authorised Guarantee Agreement from Rycliff Cars Limited with a guarantee from Rybrook Holdings Limited (1)	25 years from 04/10/1996 on a full repairing and insuring lease	£112,500	03/10/2021
First	Office/Ancillary	121.14 sq m	(1,305 sq ft)			£112,500	03/10/2021
Total		1001.18 sq m	(10,777 sq ft)			£112,500

(1) For the year ending 31st December 2017, Ron Skinner & Sons Ltd reported a turnover of £45,642,906, a pre tax loss of £27,867 and a total net worth of £2,807,311 (Source: Experian 01/03/2019). For the year ending 31st December 2017, Rybrook Holdings Limited reported a turnover of £671,997,000, a pre-tax profit of £3,183,000 and a total net worth of £20,632,000 (Source: Experian 01/03/2019). For the year ending 31st December 2017, Rycliff Cars reported a turnover of £29,900,170, a pre-tax loss of £963,506 and a total net worth of £1,252,143 (Source: Experian 01/03/2019).