26 Whitcombe Street Aberdare Glamorgan CF44 7AU

26 Whitcombe Street
Aberdare
Glamorgan
CF44 7AU

Freehold Retail Investment with Change of Use Potential

Let to Aberdare Estate Agencies Limited
Asset management opportunities including potential to negotiate new lease with tenant
Potential Change of Use/Development Opportunity on the Upper Parts
Nearby retailers include Iceland Foods,
Boots Pharmacy, Greggs, B&M and The Works

Lot
38
Auction
13th December 2021
Rent
£14,000 per Annum Exclusive
Status
Sold
Price
£80,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment with Change of Use Potential

Let to Aberdare Estate Agencies Limited
Asset management opportunities including potential to negotiate new lease with tenant
Potential Change of Use/Development Opportunity on the Upper Parts
Nearby retailers include Iceland Foods,
Boots Pharmacy, Greggs, B&M and The Works

Lot 38
Auction 13th December 2021
Rent £14,000 per Annum Exclusive
Status Sold
Price £80,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 22 miles north-west of Cardiff
Roads: A465, A470, M4
Rail: Aberdare
Air: Cardiff

Situation

Aberdare is a town in the Cynon Valley area approximately 22 miles north-west of Cardiff. The property is located in a prominent corner position on the east side of Whitcombe Street, at it's junction with Canon Street. The property is a short walk to Aberdare train station, with nearby retailers including Iceland Foods, Boots Pharmacy, Greggs, B&M and The Works.

Tenure

Freehold.

Location

Miles: 22 miles north-west of Cardiff
Roads: A465, A470, M4
Rail: Aberdare
Air: Cardiff

Situation

Tenure

Freehold.

Description

The property comprises a three storey building arranged as a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D. See legal pack at www.acuitus.co.uk.

Description

The property comprises a three storey building arranged as a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Retail Ancillary Ancillary	74.41 sq m 43.36 sq m 38.28 sq m	(801 sq ft) (467 sq ft) (412 sq ft)	ABERDARE ESTATE AGENCIES LIMITED t/a Bidmead Cook Sales & Lettings (1)	5 years from 26/05/2014 (Holding Over) (2)	£14,000
Total		156.05 sq m	(1,680 sq ft)			£14,000

(1) "Alan Bidmead and Jeffrey Cook have worked together in their local estate agency market for over 30 years and set up their own estate agency business in 2001. The business grew rapidly and is currently the largest estate agency business within the region having 11 branches all set in prominent High Street locations including Ross-on-Wye, Lydney, Cinderford, Coleford, Abergavenny, Crickhowell, Brynmawr, Ebbw Vale, Merthyr Tydfil, Bridgend and Aberdare" (www.bidmeadcook.co.uk).
(2) The tenant has served a S26 notice proposing a 5 year renewal with a tenant option to determine at the third anniversary of the term, at a rent of £6,000 pax.

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.