Monmouthshire Town Centre Convenience Store With Apartments For Sale

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

TERM: Six years.
LANDLORD & TENANT ACT 1954:Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord’s consent.
BOND:A bond equivalent to three months’ rent in advance.
RENT:£18,500 per annum, paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
FIXTURES & FITTINGS: Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair).
TIE: Free of all trade ties.
INSURANCE :The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT:VAT will not be payable on the Premium and rental payments.

Leasehold Rent:

£18,500 per annum

Living Accommodation:

THE APARTMENTS
Apartments numbered 4 and 5. Each comprise:
Spacious KITCHEN with fitted units. SITTING ROOM with laminate flooring (could be utilised as a second bedroom). BEDROOM 1 (a very large double) with laminate flooring. BATHROOM with bath and overhead shower. WC.

Location:

Tredegar is an historic industrial town situated on the banks of the Sirhowy River in Blaenau Gwent County Borough in South East Wales. The town lies on the southern edge of Brecon Beacons National Park.

Tredegar is a well-connected town, situated adjacent to the A465 Heads of the Valleys road. This major trunk route acts as the primary east to west highway across South Wales. It is surrounded by iconic industrial heritage landmarks, scenic country parks and natural valleys.

Premises Details:

The property is mixed-use commercial over three storeys. The ground floor is a convenience store, whilst the first and second floors house two one-bedroom residential apartments.

The property appears to be constructed mainly of brick with colourwashed elevations under a pitched tile roof. It offers potential for an owner/operator to reside on-site or for an investor to generate a diverse yield.

The property is briefly described as follows:

TRADE AREAS
L-shaped TRADING AREA with central, freestanding SERVICE COUNTER with stock display to the rear. Comprehensive stock shelving. Behind the trading area is a large STORE/STOCK ROOM and WC.

THE APARTMENTS
Apartments numbered 4 and 5. Each comprise:
Spacious KITCHEN with fitted units. SITTING ROOM with laminate flooring (could be utilised as a second bedroom). BEDROOM 1 (a very large double) with laminate flooring. BATHROOM with bath and overhead shower. WC.

EXTERNAL
The rear of the property are four allocated parking spaces (two for the shop and one for each apartment).

Other Information

Leasehold asking price:

Undisclosed