Retail property (high street) for sale
Property description & features
.Well configured property conveniently located within Bridgend town centre with retail frontage onto Market Street and lying immediately adjacent to Bridgend Bus Station with rear service yard providing good loading/unloading and potential for staff car parking
.Immediately available To Let under terms of a new FRI Lease for a term of years to be agreed at a rental of £40,000 per annum exclusive. Also available For Sale Freehold tenure with full vacant possession at an asking price of £600,000.
Location - The property fronts Market Street within Bridgend town centre. Occupiers immediately adjoining include Home Bargains, Job Centre Plus and Bridgend Bus Station.
Bridgend is the principal retail and commercial centre serving Bridgend County Borough with the town attracting the usual High Street Banks and a number of multiple retailers.
Bridgend is conveniently located lying just 3 miles or so from Junction 36 (Sarn Park Interchange) of the M4 Motorway with Cardiff lying approximately 23 miles to the east and Swansea 20 miles to the west.
Description - The property briefly comprises a purpose built mid-terraced retail store constructed to a modern specification around a steel portal frame. The property features a fully glazed retail display frontage and has the benefit of a rear roller shutter door opening out onto a service yard providing good loading/ unloading and potential for dedicated car parking.
The property provides in total approximately 865sq.m (9307sq.ft) GIA
Tenure - The property is immediately available To Let under terms of a new Full Repairing and Insuring Lease for a term of years to be agreed.
Rental - Asking rental of £40,000 per annum exclusive
Sale Price - The property is also available For Sale Freehold tenure and
with full vacant possession at an asking price of £600,000
Business Rates - The Valuation Office Agency website advises a rateable value of £50,000 so rates payable 2023/24 of £26,750. NB Ingoing tenant should qualify for Significant Retail Relief 2022/23. Further details from Bridgend County Borough Council.
Epc - Energy Rating - Band C
Vat - VAT is payable on rent/purchase price.
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
Estate Service Charge - Tenant to enter into estate service charge provisions.
Details on application.
Anti-Money Laundering Regulations - 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 letting agents:
Messrs Watts & Morgan LLP
[use Contact Agent Button]
[use Contact Agent Button]
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 32365246. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Watts & Morgan - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.