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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Freehold Shop Investment 493.07 sq m (5,307 sq ft) Entirely let to Savers Health and Beauty Limited on a new 5 year lease. Market rent £36,000 per annum WAS SOLD PREVIOUSLY for £575,000.

Well located in an established town centre trading position. Nearby occupiers include Specsavers, Iceland, Heron Foods, Greggs, Post Office and Poundstretcher

VAT is applicable

For the year ending 30 December 2023 Savers Health and Beauty Limited reported a turnover of £754.82M pre-tax profit of £61.25M shareholders funds

8 Week Completion Available

Present Lessee Accommodation Lease Details Current Rent (PA) Next Review / Reversion Savers Health and Beauty Limited (1) Ground Floor 291.8 sq m 3,141 sq ft 5 years from 12.07.2024 Tenant only break option in the third year (2) FR& I, subject to a Schedule of Condition £22,000 p.a. Reversion 2029 First Floor 201.27 sq m 2,166 sq ft Total 493.07 sq m 5,307 sq ft (1) For the year ending 30 December 2023 Savers Health and Beauty Limited reported a turnover of £754.82M pre-tax profit of £61.25M shareholders funds of £142.12M and a total net worth of £66.53M (Source: Experian 03.09.2024) (2) Tenant only break option in the third year

Ebbw Vale is the largest town of the Blaenau Gwent County Borough, located 16 miles north-west of Newport and 21 miles north of Cardiff Ebbw Vale is located south of the A465 Heads of the Valley Road between Abergavenny and Merthyr Tydfil Ebbw Vale Town Train Station is located 0.5 miles to the north of the property and provides regular services to Cardiff Central (1 hour) The property is situated on the west side of Bethcar Street, close to its junction with The Walk Occupiers close by include Iceland, BUPA Dental Care, Heron Foods, Sense, Specsavers, Principality Building Society, Poundstretcher, Tui, Greggs and The Post Office

Full Address: 55 Bethcar St, Let Investment, Ebbw Vale, Gwent, Wales, NP23 6HW

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2029
Rent: £22,000 per year / £1,833 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: 5 years from 12.07.2024 Tenant only break option in the third year (2) FR& I, subject to a Schedule of Condition

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Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £192,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £255,000

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Auction Details

Date & Time: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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