23 Victoria Square, Aberdare, Wales, CF44 7LB

Freehold Investment Opportunity

Property details

Type Investment
Tenure Freehold, subject to the existing tenancy.
Price Offers based on £175,000
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  • 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%

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.

Aberdare 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.
Ground 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.)
Freehold, subject to the existing tenancy.
The 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.
Website: www.selectfashion.co.uk
Offers in the region of £175,000 are sought for the Freehold interest , subject to the existing tenancies.
We are advised that VAT is not applicable. However, if VAT is payable, then it is anticipated that the sale will be dealt with by way of a TOGC.
Available upon request.
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.