Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment situated on a prime pedestrianised pitch and let to the undoubted covenant of Greggs.
Arranged as two retail units across ground and first floors, the property is fully let to the undoubted covenant of Greggs Plc on a 10 year lease expiring 16.11.2033 and paying £30,000 per annum.
The tenant previously occupied a single unit on Holton Road, but increased their occupation to two units in 2023 displaying confidence in the location.
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, Natwest, and Iceland.
Tenure
Freehold
Tenancy
The property is let to Greggs Plc on a 10 year lease expiring 16.11.2033 and paying £30,000 per annum.
The lease is on full repairing and insuring terms and includes an upward only, open market, rent review and tenants break option in the 5th year.
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).