24 Great Darkgate Street Aberystwyth Ceredigion SY23 1DE

24 Great Darkgate Street
Aberystwyth
Ceredigion
SY23 1DE

Freehold Retail Investment

Entirely let to Poundland Limited
Tenant in occupation since 2009
Re-based rent from £130,000 pax
Central location in attractive and historic University Market Town
Major occupiers nearby include Tesco, Lidl, Marks and Spencer, Superdrug, JD Sports and New Look

Lot
34
Auction
30th March 2023
Rent
£72,500 per Annum Exclusive
Status
Sold
Price
£640,000
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

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Freehold Retail Investment

Entirely let to Poundland Limited
Tenant in occupation since 2009
Re-based rent from £130,000 pax
Central location in attractive and historic University Market Town
Major occupiers nearby include Tesco, Lidl, Marks and Spencer, Superdrug, JD Sports and New Look

Lot 34
Auction 30th March 2023
Rent £72,500 per Annum Exclusive
Status Sold
Price £640,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

Property Information

Location

Miles: 39 miles west of Newtown, 64 miles north of Swansea, 109 miles west of Birmingham
Roads: A487, A44
Rail: Aberystwyth Rail
Air: Cardiff Airport

Situation

Aberystwyth is an attractive university market town and popular holiday resort in Ceredigion, Mid West Wales, overlooking Cardigan Bay.

The property is situated in the heart of the town centre on the south side of Great Darkgate Street, the town's prime retail thoroughfare, approximately 200 metres from Abersytwyth Train Station. Major occupiers nearby include Tesco, Lidl, Marks and Spencer, Superdrug, JD Sports and New Look.

Tenure

Freehold.

Location

Miles: 39 miles west of Newtown, 64 miles north of Swansea, 109 miles west of Birmingham
Roads: A487, A44
Rail: Aberystwyth Rail
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor with ancillary accommodation on the basement and first floor. The property benefits from rear access from Queen Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises retail accommodation on the ground floor with ancillary accommodation on the basement and first floor. The property benefits from rear access from Queen Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Reversion
Ground Basement First	Retail Ancillary Ancillary	660.50 79.50 630.70	(7,110) (856) (6,789)	POUNDLAND LIMITED (CRN 02495645) (2)	5 years from 06/12/2021 (3)	£72,500 (4)	05/12/2026
Total Approximate Floor Area		1,370.70	(14,755)			£72,500

(1) The floor areas stated above are those published by the Valuation Office Agency ( https://www.tax.service.gov.uk/business-rates-find/search?_ga=2.26686269.145687116.1676888703-583597255.1671190025).
(2) Poundland Limited (CRN 02495645) was incorporated in April 1990 and now trades out of 779 Poundland stores throughout the United Kingdom. For the year ended 26/09/2021 Poundland Limited (CRN 02495645) reported a turnover of £1,544,694,000, a pre-tax profit of £33,478,000 and a net worth of £78,007,000 (Northrow Company Report - 22/02/2023).
(3) The lease provides for a tenant option to determine the lease on 06/12/2024 upon six months notice
(4) Rent is payable monthly in arrears

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.