Substantial Unbroken High Yielding Freehold Retail Parade Investment
Unbroken two storey retail parade of 13 shops (including 6 double/triple units)
Approximately 4,974.42 sq. m. (53,513 sq. ft.)
Immediate asset management opportunities
Tenants include Boots Pharmacy, Iceland, Greggs, TUI, NatWest (2025 renewal), CEX and Poundland
Prime town centre location
Lot 9
Auction 27th March 2025
Rent £401,550 per Annum Exclusive plus 2 vacant shops
Status Available
Guide* £2,400,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles south-west of Cardiff
Roads
A48, M4
Rail
Barry Dock and Barry Railway Stations
Air
Cardiff Airport
Situation
The property is situated on the north side of the pedestrianised element of Holton Road, adjacent to King Square, Barry Town Hall and Central Park. The parade forms the primary retailing hub in the heart of Barry town centre.
Tenure
Freehold.
Location
Miles
7 miles south-west of Cardiff
Roads
A48, M4
Rail
Barry Dock and Barry Railway Stations
Air
Cardiff Airport
Situation
The property is situated on the north side of the pedestrianised element of Holton Road, adjacent to King Square, Barry Town Hall and Central Park. The parade forms the primary retailing hub in the heart of Barry town centre.
Tenure
Freehold.
Description
The property comprises an entire substantial unbroken retail parade providing 13 retail units (including 6 double and triple units), arranged over ground and first floors, and capable of further subdivision.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
EPC's will be available within the legal pack.
Description
The property comprises an entire substantial unbroken retail parade providing 13 retail units (including 6 double and triple units), arranged over ground and first floors, and capable of further subdivision.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
EPC's will be available within the legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m (5)
Floor Areas Approx sq ft (5)
Tenant
Term
Rent p.a.x.
Rent Review
117 Holton Road
Ground First
Banking Hall Ancillary
151.39 66.30
(1,629) (713)
NATIONAL WESTMINSTER BANK PLC
5 years from 21/01/2025 (1)
£19,500
119-125 Holton Road
Ground First
Retail Ancillary
347.89 243.71
(3,744) (2,623)
BOOTS UK LIMITED
10 years from 24/06/2016 (2)
£75,750
127 Holton Road
Ground First
Retail Ancillary
64.30 27.10
(692) (291)
MARIE CURIE
5 years from 01/02/2023
£12,000
129 Holton Road
Ground First
Retail Ancillary
75.00 57.80
(807) (622)
CARDZONE LIMITED
5 years from 25/12/2020
£17,000
131 Holton Road
Ground First
Retail Ancillary
68.20 30.78
(734) (331)
VODAFONE LIMITED
5 years from 01/09/2020
£18,800
133 Holton Road
Ground First
Retail Ancillary
72.00 46.80
(755) (503)
VACANT
-
-
135 Holton Road
Ground First
Retail Ancillary
1,045.20 1,043.40
(11,250) (11,231)
POUNDLAND LIMITED
5 years from 24/09/2019 (Holding Over)
£100,000
137 Holton Road
Ground First
Retail Ancillary
106.99 33.62
(1,151) (361)
CEX (FRANCHISING ) LIMITED
10 years from 09/03/2015 (Holding over)
£22,000
139-141 Holton Road
Ground First
Retail Ancillary
201.96 76.48
(2,173) (823)
GREGGS PLC
10 years from 17/11/2023 (3)
£30,000
17/11/2028
143 Holton Road
Ground First
Retail Ancillary
437.50 439.70
(4,709) (4,732)
ICELAND FOODS LIMITED
10 years from 25/03/2015 (Holding over)(4)
£83,000
145 Holton Road
Ground First
Retail Ancillary
68.70 37.80
(739) (406)
HAYS TRAVEL LIMITED
5 years from 21/06/2021
£12,500
147 Holton Road
Ground First
Retail Ancillary
64.80 37.70
(697) (405)
TUI UK RETAIL LIMITED
5 years from 12/10/2023
£11,000
12/10/2025
149-151 Holton Road
Ground First
Retail Ancillary
73.30 56.00
(789) (603)
VACANT
-
-
Total
4,974.42
(53,513)
£401,550
(1) The lease provides for a tenant option to determine on 21/01/2028. (2) Held on two co-terminus leases of £21,000 p.a.x. and £54,250 p.a.x. (3) The lease provides for a tenant option to determine on 17/11/2028. (4) Terms have been agreed with Iceland for a new 5 year lease, without break, at a new rent of £55,000 p.a.x. (5) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
