Withdrawn
Withdrawn Prior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 Cardzone.
Arranged across the ground and first floors, the property is fully let to Cardzone, a long standing occupier of 10+ years on a five year lease expiring 24.12.2025 and paying £17,000 per annum.
We consider the property offeers 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 Cardzone Limited on a five year lease expiring 24.12.2025 and paying £17,000 per annum.
The lease is on full repairing and insuring terms and is a renewal of a previous lease from 2015.
Cardzone Limited
Planning
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).
Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.
Rent