Retail property (high street) for sale
Property description & features
- Tenure: Freehold
•Situated in a prominent location corner of John Street and Lias Road within Porthcawl Town Centre.
•Immediately available For Sale freehold tenure with vacant possession in part and subject to and with the benefit of occupational arrangements in part at an asking price of £450,000
Location - The property is situated in a highly prominent location on the corner of John Street and Lias Road within Porthcawl Town Centre. John Street is Porthcawl’s prime retail thoroughfare with occupiers in close proximity including Post Office Hub, Costa Coffee, Poundland and Coral The Bookmakers.
The seaside resort town of Porthcawl has the benefit of a large resident population and an influx of visitors during weekends and holiday makers over the summer seasons. Porthcawl lies approximately 4 miles from Junction 37 (Pyle Interchange) of the M4 Motorway.
Description - The property briefly comprises of a substantial two-storey end of terrace property that comprises two self-contained lock-up retail units together with substantial living accommodation above.
The property is built to a traditional standard of construction with masonry elevations finished to a smooth render and with the original part of the property constructed under a tile pitched roof.
The property briefly provides the following accommodation:-
79 John Street
Retail Sales Area – 121sq.m (1297sq.ft) NIA
Ancillary – 14sq.m (145.sq.ft)
79B John Street
Retail Sales Area – 47sq.m (505sq.ft) NIA
79A John Street
Substantial first floor living accommodation providing approximately 157sq.m (1690 sq.ft) Net Internal Area of accommodation and whilst currently configured as one large flat unit offers up obvious potential for conversion to two or three flat units.
Tenure - No.79 and 79A John Street, Porthcawl are to be offered up with full vacant possession.
The lock-up shop unit at 79B John Street, Porthcawl is Let under terms of a Secure Lease dated 19th August 2024 for a term of 7 years on Effective FRI terms at a rental of £10,000 per annum exclusive.
Asking Price - £450,000
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
Vat - All figures quoted are exclusive of VAT if applicable.
Epc - Pending
Anti Money Laundering - 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
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Property reference 33515009. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Watts & Morgan - Commercial.
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Broadband availability and predicted speed: obtained from Ofcom on November 15, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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