Retail property (high street) for sale
Property description & features
.Located in a highly prominent and convenient location fronting Cowbridge Road within the popular neighbourhood retail centre of Pontyclun, near Llantrisant, Rhondda Cynon Taff.
.Immediately available "For Sale" as a fully let investment property Freehold tenure and inviting offers in excess of £725,000.
Location - The property is situated in a highly prominent and convenient location fronting Cowbridge Road within Pontyclun Town Centre.
The sought after district centre of Pontyclun is conveniently located lying approximately 5 miles North of Cowbridge, 1 mile South of Talbot Green and 2 miles South of Llantrisant with Junction 34 of the M4 Motorway lying within approximately 2? miles.
Description - The property briefly comprises of a substantial mid-terraced two-storey property briefly comprising of ground floor retail/convenience store with separate pedestrian access to 3 no. 2 bedroom flats over.
The ground floor of the property is currently configured as a convenience store briefly providing approximately 202sq.m (2172sq.ft) of retail sales together with 144sq.m (1551sq.ft) of ground floor ancillary space.
Separate pedestrian access from the rear of the property leads to 3 no. first floor flats each comprising; lounge, kitchen, bathroom, 1 no. double bedroom and 1 no. single bedroom
Tenure - The property is to be sold Freehold tenure subject to and with the benefit of the current occupational arrangements:-
Ground Floor
Let to Co-operative Group Food Limited under terms of a 15 year FRI Lease from the 14th October 2013 at a rental of £52,798 per annum exclusive.
First Floor Flats
Currently let to 3 private individuals under terms of Standard Occupational Contracts producing a rental of £1,235 per calendar month.
Current total rental income £67,618 per annum
Sale Price - Offers in excess of £725,000 are invited
Epc - The ground floor has an EPC Rating of 61 falling within Band C and the 3 residential flats all fall within Band D
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
Vat - No VAT on sale price
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 selling agents:
Messrs Watts & Morgan LLP
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Dyfed Miles or Matthew Ashman
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