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    Key features

    • To be offered on Tuesday 27 January
    • High Yielding Retail Investment
    • Let to Peacocks
    • Five Year Lease Expiring 25.08.2026
    • Tenant in Occupation for 10+ Years
    • Asset Mangement Potential Via Renewal
    • 8,176 sq ft (759.55 sq m)
    • Prominent High Footfall Pitch
    • Investment Let at £32,500 p.a. (18.05% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment let to Peacocks and occupying a prominent high footfall pitch.

    Arranged across ground and first floors, the property is fully let to Peacocks Stores Properties Limited t/a Peacocks on a five year lease expiring 25.08.2026 and paying £32,500 per annum. The tenant is a long standing occupier having been in occupation for 10+ years.

    Crane Street is one of the principal retail streets in Pontypool, nearby occupiers include Iceland, Boots, and a number of local occupiers. Pontypool Indoor Market is almost immediately adjacent to the property.

    Additional information

    Tenure

    Freehold

    Rent

    £32,500 per annum

    Notes

    We understand the property is elected for VAT.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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      EPC rating

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      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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