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
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.
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.
