Retail premises to let in Substantial Town Centre Retail Premises, 21 Market Street, Bridgend CF31

•Immediately available To Let or For Sale a substantial town centre retail premises providing approximately 865sq.m (9307sq.ft) Gross Internal Area of accommodation

•Well configured property conveniently located within Bridgend town centre with retail frontage onto Market Street and lying immediately adjacent to Bridgend Bus Station with rear service yard providing good loading/unloading and potential for staff car parking

•Immediately available To Let under terms of a new Fri Lease for a term of years to be agreed at a rental of £40,000 per annum exclusive. Also available For Sale Freehold tenure with full vacant possession at an asking price of £600,000.

Location

The property fronts Market Street within Bridgend town centre. Occupiers immediately adjoining include Home Bargains, Job Centre Plus and Bridgend Bus Station.

Bridgend is the principal retail and commercial centre serving Bridgend County Borough with the town attracting the usual High Street Banks and a number of multiple retailers.

Bridgend is conveniently located lying just 3 miles or so from Junction 36 (Sarn Park Interchange) of the M4 Motorway with Cardiff lying approximately 23 miles to the east and Swansea 20 miles to the west.

Description

The property briefly comprises a purpose built mid-terraced retail store constructed to a modern specification around a steel portal frame. The property features a fully glazed retail display frontage and has the benefit of a rear roller shutter door opening out onto a service yard providing good loading/ unloading and potential for dedicated car parking.

The property provides in total approximately 865sq.m (9307sq.ft) gia

Tenure

The property is immediately available To Let under terms of a new Full Repairing and Insuring Lease for a term of years to be agreed.

Rental

Asking rental of £40,000 per annum exclusive.

Sale Price

The property is also For Sale Freehold and with full vacant possession.

Business Rates

The Valuation Office Agency website advises a rateable value of £50,000 so rates payable 2023/24 of £26,750. Nb Ingoing tenant should qualify for Significant Retail Relief 2022/23. Further details from Bridgend County Borough Council.

Epc

Energy Rating - Band C

Vat

VAT is payable on rent and purchase price.

Estate Service Charge

Tenant to enter into an estate service charge provisions. Details on application.

Legal Costs

Each part to be responsible for their own legal costs incurred in the transaction.

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/letting agents:

Messrs Watts & Morgan llp
Tel: Email:

Please ask for
Dyfed Miles or Matthew Ashman