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Sold
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The property comprises a high yielding retail investment situated on a prime pedestrianised pitch and let to CEX with evident asset management potential.
Arranged across ground and first floors, the property is fully let to CEX (Franchising) Limited, a long standing occupier of 10+ years on a 10 year lease which expired 08.03.2025 and paying £22,000 per annum.
The tenant is therefore holding over, and we consider the property offers evident asset management potential via renewal of the lease.
The property occupies a prominent pitch with a frontage to the prime pedestrianised pitch of Holton Road. The street comprises the principal retail amenity in Barry and benefits from both high footfall and low vacancy. The area is characterised by a mix of national retailers including Boots, Greggs, and Iceland.
Tenure
Freehold
Tenancy
The property is let to CEX (Franchising) Limited on a 10 year lease which expired 08.03.2025 and paying £22,000 per annum.
The tenant is currently holding over and continuing to pay rent. The lease is on full repairing and insuring terms.
CEX (Franchising) Limited
Rent