The property is prominently located on the southern side of Crane Street, at its junction with Commercial Street. Nearby occupiers include Tesco Superstore, Iceland Supermarket, Boots Pharmacy, Farmfoods, Greggs, Cardfactory and Betfred.
The property is prominently located on the southern side of Crane Street, at its junction with Commercial Street. Nearby occupiers include Tesco Superstore, Iceland Supermarket, Boots Pharmacy, Farmfoods, Greggs, Cardfactory and Betfred.
Tenure
Freehold.
Description
The property comprises seven shops arranged on the ground, basement and part first floors. The remainder of the first and second floors are self-contained and provide former office and storage accommodation which are not currently let. The shops located on Commercial Street along with the vacant upper floors above are Grade II Listed. The property benefits from a separate basement at 6 Commercial Street, but this is accessed via a trap door within a communal entrance.
VAT
VAT is not applicable to this lot.
Planning
The upper floors may be suitable for alternative uses and/or development, subject to obtaining the necessary consents. All enquiries should be made with Torfaen County Borough Council. (www.torfaen.gov.uk) (Phone: 01495 762200)
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises seven shops arranged on the ground, basement and part first floors. The remainder of the first and second floors are self-contained and provide former office and storage accommodation which are not currently let. The shops located on Commercial Street along with the vacant upper floors above are Grade II Listed. The property benefits from a separate basement at 6 Commercial Street, but this is accessed via a trap door within a communal entrance.
VAT
VAT is not applicable to this lot.
Planning
The upper floors may be suitable for alternative uses and/or development, subject to obtaining the necessary consents. All enquiries should be made with Torfaen County Borough Council. (www.torfaen.gov.uk) (Phone: 01495 762200)
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
1 Crane Street
Ground Basement
Retail/Ancilary Ancillary
50.05 30.66
(539) (330)
M. PHILPOT (t/a Vape Shop) (1) (4)
5 years from 10/04/2015 (Holding Over)
£8,000
3 Crane Street
Ground Basement
Retail/Ancillary Ancillary
74.13 79.77
(798) (859)
VARIOUS INDIVIDUALS (t/a Phillips Opticians) (2)
25 years from 22/08/1994 (Holding Over) (2)
£9,000
5 Crane Street
Ground Basement First
Retail/Ancillary Ancillary Ancillary
125.22 36.45 22.28
(1,348) (392) (240)
J. RIDSALE (t/a Jayne's Baby Bank) (3)
3 years from 17/01/2023
£4,800
2 Commercial Street
Ground Basement
Retail/Ancillary Ancillary
113.31 -
(1,219) (-)
VACANT (4)
-
-
2A Commercial Street
Ground
Retail/Ancillary
46.87
(504)
VACANT
-
-
4 Commercial Street
Ground
Retail/Ancillary
115.94
(1,248)
VACANT
-
-
6 Commercial Street
Ground First
Retail/Ancillary Ancillary
77.47 14.43
(834) (155)
VACANT
-
-
6 Commercial Street
Basement
Ancillary (restricted access)
-
(-)
VACANT
-
-
Part First and Second Floors
Part First/Second
Former Offices/Ancillary
774.07
(8,332)
VACANT
-
-
Total
1,560.65
(16,798)
£21,800
(1) www.pontypool-vape-shop.business.site/ (2) Phillips Opticians have been established since 1922 and currently trade from over six practices throughout South Wales, employing over 25 staff (www.phillipsopticians.co.uk). The property was originally let in August 1994 and the lease was then extended to expire in March 2022. The tenant is currently holding over. (3) Jayne's Baby Bank and Food Band has three charity shops in South Wales. (4) The tenant at 1 Crane Street has recently verbally expressed interest to the landlord in renewing their lease, as well as taking a new lease at 2 Commercial Street.
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.
