Located on high street in popular shopping town of Treorchy
Large return frontage on High Street
VAT free investment
Lot 42
Auction 21st July 2021
Rent £5,040 per Annum Exclusive
Status Sold
Price £56,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
18 miles north west of Cardiff
Roads
A4061, A4107
Rail
Treorchy Train Station
Air
Cardiff Airport
Situation
The property is located in the popular shopping town of Treorchy, named the 2019 Great British High Street of the Year with a number of independent shops and cafes. The property is situated on the High Street with return frontage onto Cemetery Road. Other occupiers on this street include Spar convenience store, Premier convenience store and Subway
Tenure
Freehold.
Location
Miles
18 miles north west of Cardiff
Roads
A4061, A4107
Rail
Treorchy Train Station
Air
Cardiff Airport
Situation
The property is located in the popular shopping town of Treorchy, named the 2019 Great British High Street of the Year with a number of independent shops and cafes. The property is situated on the High Street with return frontage onto Cemetery Road. Other occupiers on this street include Spar convenience store, Premier convenience store and Subway
Tenure
Freehold.
Description
The property is t/a The Window Shop and comprises ground floor retail and ancillary accommodation with further ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Viewings
There will be no internal viewings of the property due to Covid-19 restrictions
Completion Period
Six week completion
EPC
See legal pack
Description
The property is t/a The Window Shop and comprises ground floor retail and ancillary accommodation with further ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Viewings
There will be no internal viewings of the property due to Covid-19 restrictions
Completion Period
Six week completion
EPC
See legal pack
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary
81.77 sq m 60.54 sq m
(880 sq ft) (652 sq ft)
TWS Ltd t/a The Window Shop
5 years from 01/05/2018
£5,040
Total
142.31 sq m
(1,532 sq ft)(2)
£5,040
(1) There is a mutual option to determine the lease on the second anniversary of the term and every subsequent anniversary thereafter upon giving six months' written notice. (2) The above floor areas have been published by the Valuation Office Agency at www.voa.gov.uk and the description of the property has been provided by the seller.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Associate Auctioneers
Rapleys LLP 33 Jermyn Street London London SW1Y 6DN