Withdrawn
Withdrawn Prior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 Hays Travel.
Arranged across ground and first floors, the property is let to Hays Travel on a five year lease expiring 20.06.2026 and paying £12,500 per annum.
We consider the property offers evident asset management potential via renewal of the lease and improvement of rents, with the nearby 117 Holton Road recently letting for £19,500 per annum.
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 Hays Travel Limited on a five year lease expiring 20.06.2026 and paying £12,500 per annum.
The lease is on full repairing and insuring terms.
Hays Travel Limited
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).