No longer on the market
This property is no longer on the market
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Features and description
- Long leasehold interest - 999 years from 29th September 2004
- 170 Vacant 171 - 5 year lease from February 2020 172 3 year lease from February 2020 173 Vacant
FOR SALE BY AUCTION - -Four Commercial Units, Partially Tenanted
ONLINE AUCTION from 8th MARCH-10th MARCH
The property comprises four ground floor retail units, with ancillary areas, that form part of a mid terrace, five storey building. The title covers the basement, ground and first floors only, with the upper parts (Westgate Apartments) having been sold separately.
Two units are currently occupied by national retailers The Works Stores Ltd, and Sports Swift Limited (trading as The Card Factory). The other two units are currently vacant but were previously occupied by national retailers EE Stores, and H. Samuel. The property is currently achieving a rental income of £38,000 with the opportunity to achieve additional rental once the other two units are tenanted.
The property forms part of a larger terraced building dating from the Victorian era, with an ornately carved sandstone frontage. The building comprises five storeys and a basement, with load bearing solid brick elevations under a pitched tiled roof and to the rear of the building are a series of fire escapes. The four retail units that occupy the ground floor comprise (single glazed, timber framed) glass frontages leading directly onto Commercial Street. The upper floors of the building have single glazed, timber framed sash windows.
The accommodation totals approximately 1,239.95 sq.m (13,346 sq.ft).
Internally, the arrangement of retail accommodation is as follows:
Vacant (Formerly EE) 170 Commercial Street : Comprises a ground floor retail unit with a store room to the rear, and extensive first floor accommodation comprising offices, storage and ancillary staff accommodation
The Works Stores Ltd 171 Commercial Street : Comprises a ground floor retail unit with basement storage and ancillary staff accommodation
The Card Factory 172 Commercial Street : Comprises a ground floor retail unit with storage, office and ancillary staff accommodation to the rear
H Samuel Ltd 173 Commercial Street : Comprises a ground floor retail unit with a store room to the rear, first floor storage and significant basement accommodation utilised as storage space and ancillary staff rooms
Tenure:
Long leasehold interest - 999 years from 29th September 2004
Tenancies:
170 Vacant
171 - 5 year lease from February 2020
172 3 year lease from February 2020
173 Vacant
ONLINE AUCTION from 8th MARCH-10th MARCH
The property comprises four ground floor retail units, with ancillary areas, that form part of a mid terrace, five storey building. The title covers the basement, ground and first floors only, with the upper parts (Westgate Apartments) having been sold separately.
Two units are currently occupied by national retailers The Works Stores Ltd, and Sports Swift Limited (trading as The Card Factory). The other two units are currently vacant but were previously occupied by national retailers EE Stores, and H. Samuel. The property is currently achieving a rental income of £38,000 with the opportunity to achieve additional rental once the other two units are tenanted.
The property forms part of a larger terraced building dating from the Victorian era, with an ornately carved sandstone frontage. The building comprises five storeys and a basement, with load bearing solid brick elevations under a pitched tiled roof and to the rear of the building are a series of fire escapes. The four retail units that occupy the ground floor comprise (single glazed, timber framed) glass frontages leading directly onto Commercial Street. The upper floors of the building have single glazed, timber framed sash windows.
The accommodation totals approximately 1,239.95 sq.m (13,346 sq.ft).
Internally, the arrangement of retail accommodation is as follows:
Vacant (Formerly EE) 170 Commercial Street : Comprises a ground floor retail unit with a store room to the rear, and extensive first floor accommodation comprising offices, storage and ancillary staff accommodation
The Works Stores Ltd 171 Commercial Street : Comprises a ground floor retail unit with basement storage and ancillary staff accommodation
The Card Factory 172 Commercial Street : Comprises a ground floor retail unit with storage, office and ancillary staff accommodation to the rear
H Samuel Ltd 173 Commercial Street : Comprises a ground floor retail unit with a store room to the rear, first floor storage and significant basement accommodation utilised as storage space and ancillary staff rooms
Tenure:
Long leasehold interest - 999 years from 29th September 2004
Tenancies:
170 Vacant
171 - 5 year lease from February 2020
172 3 year lease from February 2020
173 Vacant
About this agent
The company was established by Paul Fosh in 2001 following a long career in estate agency with companies situated across South Wales. Since 2001 the company has grown into the leading property auction house in Wales.