Retail property (high street) for sale
Property description & features
.Briefly comprises of ground floor retail unit Let to Holland & Barrett Retail Limited and long established first and second floor café/tea rooms.
.Well located property within Barry Town Centre with occupiers in close proximity including WH Smith, Shoezone, Lloyds, Principality and Nat West Bank.
.Immediately available For Sale freehold tenure as a fully let investment property at an asking price of £239,000.
Location - The property is situated in a prime retailing pitch fronting Holton Road immediately opposite King Square and Barry Library with other well known occupiers in close proximity including Nat West, WH Smith, Nationwide, Shoezone and Principality.
Barry is the Vale of Glamorgan's principal retailing commercial centre with Barry lying approximately 5 miles east of Cardiff Airport and 5 miles south west of Cardiff.
Description - The property briefly comprises of a traditionally built 3-storey town centre shop and premises that briefly comprises of a self-contained ground floor retail unit with ancillary basement area and self-contained first and second floor accommodation over.
The ground floor retail unit is well configured and occupied by Holland & Barrett Retail Limited with the upper parts occupied by The Fountain Tea Rooms Limited a long established café and tea rooms business.
Accomodation - The property briefly provides the following
accommodation:-
Ground Floor:
Retail Sales - 80.15 sq.m (862 sq.ft) NIA
Ground Floor Sales ITZA - 54.1 sq.m (582 sq.ft)
Ground Floor Ancillary - 28.47 sq.m (306 sq.ft)
Basement - 19.8 sq.m (213 sq.ft)
First Floor:
Tea Rooms - 43.75 sq.m (470 sq.ft)
Ancillary - 12.69 sq.m (137 sq.ft)
Second Floor Attic Storage
Tenure - The property is to be sold Freehold tenure subject to and with the benefit of the following occupational leases:-
Ground Floor Retail Unit - Let to Holland & Barrett Retail Limited under terms of a secure FRI lease expiring 31st July 2025 at a rental of £12,500 per annum exclusive.
The first and second floors are Let to The Fountain Tea Rooms Limited under terms of a secure 15 year lease expiring 30th April 2027 at a current rental of £6,750 per annum exclusive. This lease contains a rent review on the 30th April 2022
Sale Price - £239,000
Epc - Energy Rating - Band C
Vat - VAT is payable on the sale price.
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
Anti-Money Laundering - In order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.
Viewing - Strictly by appointment only through
sole selling agents:
Messrs Watts & Morgan LLP
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Please ask for Dyfed Miles or Matthew Ashman
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