Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to Savers and occupying a prominent high footfall pitch.
Arranged as a ground floor retail unit with ancillary/storage accomodation to the upper parts, the property is fully let to Savers, a long standing tenant of 23 years, on a recently renewed five year lease expiring 22.05.2030 and paying £30,000 per annum.
The property benefits from a prominent frontage to Cardiff Road, the principal retail amenity of Caerphilly. The area is characterised by a mix of local and national retailers including Coral, Subway, New Look and Specsavers
Tenure
Leasehold - Expires 29.09.2078 - Peppercorn Rent
Tenancy
The property is let to Savers Health and Beauty Limited on a recently renewed five year lease expiring 22.05.2030 and paying £30,000 per annnum.
The lease is on full repairing and insuring terms and includes a tenants break option 23.05.2030.
Savers Health and Beauty Limited
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale can be treated as a Transfer of a Going Concern (TOGC).