Entirely let to The Original Travel House Limited - a part of Hays Travel
New 10-year lease from July 2023 (subject to option)
VAT-free investment
Town centre location close to large public car park
Nearby occupiers include Marks & Spencer, B&M, Morrisons, Iceland Supermarket, Boots the Chemist, Superdrug, Costa Coffee and Greggs
Lot 29
Auction 15th February 2024
Rent £9,650 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A474, A4230, M4 (Junction 43)
Rail
Neath Railway Station
Air
Cardiff Airport
Situation
The property is situated in the heart of Neath town centre, on the south side of Angel Street, which leads to Morrisons and a large public car park with over 100 spaces. Other nearby occupiers include Marks & Spencer, B&M, Iceland Supermarket, Boots the Chemist, Superdrug, Costa Coffee and Greggs.
Tenure
Freehold.
Location
Miles
7 miles north-east of Swansea, 36 miles north-west of Cardiff
Roads
A465, A474, A4230, M4 (Junction 43)
Rail
Neath Railway Station
Air
Cardiff Airport
Situation
The property is situated in the heart of Neath town centre, on the south side of Angel Street, which leads to Morrisons and a large public car park with over 100 spaces. Other nearby occupiers include Marks & Spencer, B&M, Iceland Supermarket, Boots the Chemist, Superdrug, Costa Coffee and Greggs.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is not 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.
Rent Review
Ground First
Retail/Ancillary Ancillary
40.50 41.53
(436) (447)
THE ORIGINAL TRAVEL HOUSE LIMITED (2)
10 years from 31/07/2023 on a full repairing and insuring lease (3)
£9,650
31/07/2028
Total
82.03
(883)
£9,650
(1) Areas provided by VOA (www.gov.uk/find-business-rates). (2) Established in 1992, The Original Travel House Limited are established travel agents with 16 shops located in South Wales (www.travelhouse.co.uk). The company was acquired by Hays Travel in November 2023. (3) The lease is subject to a tenant option to determine on 31/07/2028. The lease is also subject to a schedule of condition.
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.
