Let to The Secretary of State for Levelling Up, Housing and Communities
Substantial office building of approx. 1,069.01 sq. m. (11,508 sq. ft.)
Site area of approx. 0.14 Ha (0.34 Acres)
On site car parking
Town Centre location adjacent to main bus station (50 m to the north)
Within an Established Retail Parade
Future redevelopment potential (subject to consents)
Auction 7th November 2024
Rent £167,040 per Annum Exclusive
Status Available
Guide* £1,050,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
18 miles west of Cardiff, 29 miles south-east of Swansea
Roads
M4 (J36), A48, A473
Rail
Bridgend Railway Station (300 m to the east)
Air
Cardiff Airport
Situation
Bridgend is a major town in south Wales with a population of over 50,000 and located between Cardiff and Swansea. The property is prominently situated in the heart of the town centre, directly opposite the towns main bus terminal and approximately 300 metres east of Bridgend Railway Station. Market Street is home to numerous occupiers including HSBC, Barclays, Home Bargains, Spa and many local retailers and cafes.
Tenure
Freehold.
Location
Miles
18 miles west of Cardiff, 29 miles south-east of Swansea
Roads
M4 (J36), A48, A473
Rail
Bridgend Railway Station (300 m to the east)
Air
Cardiff Airport
Situation
Bridgend is a major town in south Wales with a population of over 50,000 and located between Cardiff and Swansea. The property is prominently situated in the heart of the town centre, directly opposite the towns main bus terminal and approximately 300 metres east of Bridgend Railway Station. Market Street is home to numerous occupiers including HSBC, Barclays, Home Bargains, Spa and many local retailers and cafes.
Tenure
Freehold.
Description
The property comprises a substantial and modern building providing office accommodation on ground, first and second floors upon a site area of 0.14 Ha (0.34 Acres), benefitting from car parking to the rear and a ground floor retail frontage. The property may be suitable for future change of use or redevelopment subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial and modern building providing office accommodation on ground, first and second floors upon a site area of 0.14 Ha (0.34 Acres), benefitting from car parking to the rear and a ground floor retail frontage. The property may be suitable for future change of use or redevelopment subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First Second
Office Office Office
371.10 376.80 321.20
(3,995) (4,056) (3,457)
THE SECRETARY OF STATE FOR LEVELLING UP, HOUSING AND COMMUNITIES
9 years from 01/04/2018
£167,040
Total
1,069.10
(11,508)
£167,040
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.
