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Freehold Retail & Residential Investment With Development Opportunity
Comprises a Ground Floor Shop and Basement with separate access to upper floors
Planning granted for 4 good sized 1-bed flats on the first and second floor.
Prominent shop located in the town centre
Total area size 534.5 sq m (5,775 sq ft)
VAT is applicable to this property.
Occupiers nearby include NatWest, Savers, Peacocks and Santander, among others
Investment Consideration: Rental Income: £9,360 p.a. Comprises large ground floor retail unit with storage space at basement level with separate side access to a Self-Contained Upper Part on the first and second floor. Planning granted for 4 good sized 1-bed flats on the first and second floor. Access off Castle Street. VAT is applicable to this property. Total area size 534.5 sq m (5,775 sq ft) Great location on the busy High Street in Brecon. Occupiers close by include Lloyds Bank and Santander, amongst many others.
Property Description: A corner building comprising a Ground Floor Shop and Basement with separate side access to a Self-Contained Upper Part on the first and second floors, which benefits from planning approval for four 1-bed flats. Planning reference 13/10034/ful for Brecon Beacons National Park Authority. In addition, the shop also benefits from separate side access and an enclosed yard at basement level.
The property provides the following accommodation and dimensions. Commercial Unit: Ground Floor: 108 sq m (1,162 sq ft) Basement: 215 sq m (2,314 sq ft) Upper Parts: Ground/First Floor: 112.8 sq m (1,223 sq ft) Second Floor: 98.7 sq m (1,076 sq ft) Total: 534.5 sq m (5,775 sq ft)
Tenancy: The retail shop is at present let to an Individual for a term of 6 years and 11 months from 17th December 2020 at a current rent of £9,360 per annum and the lease contains full repairing and insuring covenants. Rent review in 2023 and 2026. No break clause. Deposit held of £1,560. The first and second floor is vacant.
Location: The property is situated on the west side of High Street at its junction with Castle Street, next to Market Hall in the town centre of Brecon, close to the Brecon Beacons National Park. Brecon is a market and minster town in Powys, mid-Wales. Brecon is located near where the east-west A40 (Monmouth-Carmarthen-Fishguard) meets the north-south A470 (Cardiff-Merthyr Tydfil-Llandudno). The property is located on the busy High Street in Brecon. Occupiers close by include Lloyds Bank, Santander, amongst many more.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
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