Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
This property comprises a high yielding retail investment situated on a prime pedestrianised pitch and let to Marie Curie.
Arranged across ground and first floors, the property is fully let to Marie Curie, a long standing occupier of 10+ years on a five year lease expiring on 31.01.2025 and paying £12,000 per annum.
We consider the property offers evident asset management potential via renewal of the lease and improvement of rents, with the nearby 117 Holton Road recently letting for £19,500 per annum.
The property occupies a prominent pitch with a frontage to the prime pedestrianised pitch of Holton Road. The street comprises the principle 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 Marie Curie, one of the UKs best known charities, on a five year lease expiring 31.01.2028 and paying £12,000 per annum.
The lease is un full repairing and insuring terms and is a renewal of a previous lease, with the tenant occupying the property for 10+ years.
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).