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    Key features

    • To be offered on Wednesday 14 May
    • High Yielding Retail Investment
    • Let to Boots UK Limited
    • 10 year Lease Expiring 23.06.2026
    • Asset Management Potential Via Renewal
    • Long Standing Tenant of 10+ Years
    • Prime Pedestrianised Street
    • Investment Let at £75,750 p.a. (15.15% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment situated on a prime pedestrianised pitch and let to the undoubted covenant of Boots.

    Arranged as four retail units across ground and first floors, the property is fully let on two co-terminating leases to Boots UK Limited, a long standing occupier of 10+ years on a 10 year lease expiring 23.06.2026 and paying £75,750 per annum.

    We consider the property offers evident asset management potential via renewal of the existing leases, or alternatively letting the four units separately upon expiry.

    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 Natwest.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is fully let on two co-terminating leases to Boots UK Limited expiring 23.06.2026 and paying a total rent of £75,750 per annum.


    Boots UK Limited


    • D&B Rating - 5A2
    • Turnover (2023) - £7.05bn
    • Pre-Tax Profit (2023) - £60m

    Rent

    £75,750 per annum

    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).

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      Local information

      • Barry Docks Rail Station - 0.5 miles
      • Cardiff City Centre - 7.4 miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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