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Location The property is situated in a prime retailing pitch fronting Holton Road immediately opposite King Square and Barry Library with other well known occupiers in close proximity including Nat West, wh Smith, Nationwide, Shoezone and Principality.
Barry is the Vale of Glamorgan’s principal retailing commercial centre with Barry lying approximately 5 miles east of Cardiff Airport and 5 miles south west of Cardiff.
Description The property briefly comprises of a traditionally built 3-storey town centre shop and premises that briefly comprises of a self-contained ground floor retail unit with ancillary basement area and self-contained first and second floor accommodation over.
The ground floor retail unit is well configured and occupied by Holland & Barrett Retail Limited with the upper parts occupied by The Fountain Tea Rooms Limited a long established café and tea rooms business.
The property briefly provides the following accommodation:-
terms The property is to be sold Freehold tenure subject to and with the benefit of the following occupational leases:-
Ground Floor Retail Unit – Let to Holland & Barrett Retail Limited under terms of a secure Fri lease expiring 11th June 2023 at a rental of £12,500 per annum exclusive.
The first and second floors are Let to The Fountain Tea Rooms Limited under terms of a secure 15 year lease expiring 30th April 2027 at a current rental of £6,750 per annum exclusive. This lease contains a rent review on the 30th April 2022
VAT VAT is payable on the sale price.
Legal costs Each party to be responsible for their own legal costs incurred in the transaction.
Viewing Strictly by appointment only through sole selling agents:
For more information about this property, please contact Watts & Morgan, CF31 on +44 1656 220997 * (local rate)
Contact Watts & Morgan about this property
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