23 Victoria Square, Aberdare, Wales, CF44 7LB
Freehold Investment Opportunity
- Freehold fully let retail investment opportunity
- Entire property let to Genus UK Ltd (trading as Select)
- Tenant has over 180 stores throughout the UK
- Passing rent - £20,000
- Offers in the region of £175,000
- Attractive net yield of 11.20%
LocationAberdare is located 27 miles north-east of Swansea and 25 miles north-west of Cardiff. The town is served by the A465 dual carriageway and the A4095 (Cardiff Road). The property is located in the town centre on the east side of Victoria Square, at its junction with Cardiff Street and Canon Street. Aberdare Rail Station, which has hourly services to Cardiff (1 hour), is approximately 300m away. Occupiers close by include Betfred and Greggs (both adjacent), Specsavers, Barclays and Subway (both opposite), Iceland, B&M Bargains, New Look and Wilko, amongst many others.
The property is arranged on ground and two upper floors to provide a ground floor shop with ancillary accommodation and storage on the first and second floors.
AccommodationGround Floor - 154.10 sq m (1,659 sq. ft.)
First Floor - 54.50 sq m (587 sq. ft.)
Second Floor - 67.50 sq m (727 sq. ft.)
Total - 276.10 sq m (2,973 sq. ft.)
PriceOffers in the region of £175,000 are sought for the Freehold interest , subject to the existing tenancies.
TenancyThe entire property is at present let to Genus UK Limited (trading as Select) for a term of 3 years from 4/10/2022, at a base rent of £12,000 per annum, with a 8% turnover rent. The lease contains full repairing and insuring covenants.
Select currently trades from over 180 stores throughout the UK.