Available
Welshpool – Coral
15/15A Broad Street, Welshpool, Powys SY21 7SDFreehold Retail Investment
Price
£250,000
Rent P.A.
£18,500
Yield
7.40%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
2y 6m
Area
2,126 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Rent review open market, upward only for 2022 is outstanding
- Comprises ground floor shop t/a Coral with ancillary accommodation above
- Future residential development potential, subject to obtaining consents
- Town centre location opposite Post Office, with occupiers nearby including Barclays, Costa Coffee, Lloyds Bank and Greggs, amongst many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor retail shop t/a Coral with ancillary accommodation at first and second floor, providing the following accommodation and dimensions:
Ground Floor: 91.50 sq m (985 sq ft)
Open plan Retail, Office, Storage, WCs
First Floor: 55.50 sq m (597 sq ft)
Ancillary, Storage
Second Floor: 50.50 sq m (544 sq ft)
Ancillary, Storage
Total area size: 197.50 sq m (2,126 sq ft)
Ground Floor: 91.50 sq m (985 sq ft)
Open plan Retail, Office, Storage, WCs
First Floor: 55.50 sq m (597 sq ft)
Ancillary, Storage
Second Floor: 50.50 sq m (544 sq ft)
Ancillary, Storage
Total area size: 197.50 sq m (2,126 sq ft)
Tenancy Description
The property is at present let to Coral Racing Limited for a term of 10 Years from 24th June 2017 at a current rent of £18,500 p.a. and the lease contains full repairing and insuring covenants. Rent review on 24th June 2022 outstanding. Tenant in occupation since 2007.
Tenancies & Accommodation
Location Description
Welshpool is a market town and community in Wales, administered as part of the unitary authority of Powys. The town is well located to allow access to the A483 and A458 and the national motorway network. The property is located within 10 minutes walk of Welshpool station, providing good connections to Wales and the rest of the UK. Town centre location opposite Post Office, with occupiers nearby including Barclays, Costa Coffee, Lloyds Bank and Greggs, amongst many more.
