Retail property (high street)

.Immediately available "For Sale" a mixed use investment property briefly comprising of a ground floor convenience store let to Co-operative Group Food Limited and 3 no. first floor self-contained flats.

.Located in a highly prominent and convenient location fronting Cowbridge Road within the popular neighbourhood retail centre of Pontyclun, near Llantrisant, Rhondda Cynon Taff.

.Immediately available "For Sale" as a fully let investment property Freehold tenure and inviting offers in excess of £725,000.

Location - The property is situated in a highly prominent and convenient location fronting Cowbridge Road within Pontyclun Town Centre.

The sought after district centre of Pontyclun is conveniently located lying approximately 5 miles North of Cowbridge, 1 mile South of Talbot Green and 2 miles South of Llantrisant with Junction 34 of the M4 Motorway lying within approximately 2? miles.

Description - The property briefly comprises of a substantial mid-terraced two-storey property briefly comprising of ground floor retail/convenience store with separate pedestrian access to 3 no. 2 bedroom flats over.

The ground floor of the property is currently configured as a convenience store briefly providing approximately 202sq.m (2172sq.ft) of retail sales together with 144sq.m (1551sq.ft) of ground floor ancillary space.

Separate pedestrian access from the rear of the property leads to 3 no. first floor flats each comprising; lounge, kitchen, bathroom, 1 no. double bedroom and 1 no. single bedroom

Tenure - The property is to be sold Freehold tenure subject to and with the benefit of the current occupational arrangements:-

Ground Floor
Let to Co-operative Group Food Limited under terms of a 15 year FRI Lease from the 14th October 2013 at a current rental of £45,300 per annum exclusive. The Lease contains 5 yearly rent reviews index linked to RPI with the next rent review due 15th October 2023.

First Floor Flats
Currently let to 3 private individuals under terms of Assured Shorthold Tenancy Agreements (currently transferring to Standard Occupational Contracts) producing a rental of £1,235 per calendar month.

Current total rental income £60,120 per annum

Sale Price - Offers in excess of £725,000 are invited

Epc - The ground floor has an EPC Rating of 61 falling within Band C and the 3 residential flats all fall within Band D

Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.

Vat - No VAT on sale price

Anti Money Laundering Regulations - In order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.

Viewing - Strictly by appointment only through
sole selling agents:

Messrs Watts & Morgan LLP
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Please ask for
Dyfed Miles or Matthew Ashman