Retail premises for sale in 3-7 Cowbridge Road, Pontyclun CF72

•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 21⁄2 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 rental of £52,798 per annum exclusive.

First Floor Flats
Currently let to 3 private individuals under terms of Standard Occupational Contracts producing a rental of £1,235 per calendar month.

Current total rental income £67,618 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
Tel: Email:

Please ask for
Dyfed Miles or Matthew Ashman