Tesco Investment
LICENSED | LEISURE | COMMERCIAL
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Prominent roadside convenience store investment opportunity
Property let to Tesco Stores Ltd on a 20 year lease term from October 2015 with a current passing rent of £55,000 per annum
The property has a ground floor Gross Internal Area of approximately 4,440 square feet
Attractive Gross Initial Yield of 7.3%
01225 789343 The Bank, 18 Newbridge Road, Bath, BA1 3JX [email protected] www.jamesabaker.co.uk
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Location Neath is a town located in West Glamorgan approximately 10 miles north east of Swansea and approximately 40 miles north west of Cardiff. The town has a population of approximately 20,000 residents. The property is situated in a predominantly residential area and fronts the B4287. The immediate area comprises multiple independent operators which include a local newsagent and a food wholesaler.
Accommodation The site was previously occupied as a public house and has recently been developed into a convenience store. It is a single storey detached property of brick construction with part rendered elevations beneath a pitched tiled roof. The ground floor area comprises an open plan retail unit and ancillary areas including an office, staff W/C, kitchen, bakery and further cold/dry stores. Externally to the rear there is an enclosed parcel of land which is currently not being utilised. There is also a private store for deliveries and a car park for circa 15 vehicles to the side. The property sits on a plot of circa 0.33 of an acre and the ground floor Gross Internal Area is approximately 4,440 square feet. This site presents an excellent opportunity to acquire a freehold investment property with a Gross Initial Yield of 7.3% located in the town of Neath. It is likely to be of interest to investors given the current level of rental income.
01225 789343 The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
General Information Services We are verbally advised that all mains services are connected to the property. Tenure This is a freehold sale subject to the occupational lease. The property is let to Tesco Stores Limited and is currently open and trading. Lease The property is let for a 20 year lease term on an FRI basis commencing on 5th October 2015, expiring on 4th October 2035. The passing rent is £55,000 per annum with five yearly rent reviews to the open market rent. The lease is within the security of tenure provisions included within the Landlord and Tenant Act 1954. There is a Tenant only break clause on 10th anniversary of the lease term dated 5th October 2025. Energy Performance Certificate An EPC has been requested. VAT The property is elected for VAT. It is likely this will be sold as an investment and VAT may not apply. Guide Price £750,000. This represents a gross initial yield of around 7.3% assuming £55,000 per annum from the existing Tenant with allowances for purchasers costs. Tenant Tesco Stores Limited is a subsidiary of Tesco PLC the multinational grocery and general merchandise retailer. With over 6,500 stores throughout the UK, Tesco PLC recorded a total revenue of £55,917 million in February 2017.
01225 789343 The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
Agent Details For further details please contact
Charlie Noad Agency Surveyor, Bath 07780599698 [email protected]
Molly Austin Agency Surveyor, Bath 07967026048 [email protected]
Disclaimer JAMES A BAKER for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute part of an offer or contract. 2. Descriptions, dimensions, plans, reference to condition and planning permission for use and occupation and other details are given without responsibility and intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each item. 3. It is emphasized that in these particulars of sale, items of furniture, fixtures, fittings and equipment mentioned are for descriptive purposes only and do not necessarily form part of the trade inventory referred to above. 4. No person in the employment of James A Baker has any authority to make or give representation or warranty whatsoever in relation to this property. www.jamesabaker.co.uk
01225 789343 The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk Viney Ltd Reg No 04515765. Registered in England and Wales. Registered Office: The Bank, 18 Newbridge Road, Bath, BA1 3JX. VAT Reg No 752840133
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Prominent roadside convenience store investment opportunity
Property let to Tesco Stores Ltd on a 20 year lease term from October 2015 with a current passing rent of £55,000 per annum
The property has a ground floor Gross Internal Area of approximately 4,440 square feet
Attractive Gross Initial Yield of 7.3%
01225 789343 The Bank, 18 Newbridge Road, Bath, BA1 3JX [email protected] www.jamesabaker.co.uk
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Location Neath is a town located in West Glamorgan approximately 10 miles north east of Swansea and approximately 40 miles north west of Cardiff. The town has a population of approximately 20,000 residents. The property is situated in a predominantly residential area and fronts the B4287. The immediate area comprises multiple independent operators which include a local newsagent and a food wholesaler.
Accommodation The site was previously occupied as a public house and has recently been developed into a convenience store. It is a single storey detached property of brick construction with part rendered elevations beneath a pitched tiled roof. The ground floor area comprises an open plan retail unit and ancillary areas including an office, staff W/C, kitchen, bakery and further cold/dry stores. Externally to the rear there is an enclosed parcel of land which is currently not being utilised. There is also a private store for deliveries and a car park for circa 15 vehicles to the side. The property sits on a plot of circa 0.33 of an acre and the ground floor Gross Internal Area is approximately 4,440 square feet. This site presents an excellent opportunity to acquire a freehold investment property with a Gross Initial Yield of 7.3% located in the town of Neath. It is likely to be of interest to investors given the current level of rental income.
01225 789343 The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
General Information Services We are verbally advised that all mains services are connected to the property. Tenure This is a freehold sale subject to the occupational lease. The property is let to Tesco Stores Limited and is currently open and trading. Lease The property is let for a 20 year lease term on an FRI basis commencing on 5th October 2015, expiring on 4th October 2035. The passing rent is £55,000 per annum with five yearly rent reviews to the open market rent. The lease is within the security of tenure provisions included within the Landlord and Tenant Act 1954. There is a Tenant only break clause on 10th anniversary of the lease term dated 5th October 2025. Energy Performance Certificate An EPC has been requested. VAT The property is elected for VAT. It is likely this will be sold as an investment and VAT may not apply. Guide Price £750,000. This represents a gross initial yield of around 7.3% assuming £55,000 per annum from the existing Tenant with allowances for purchasers costs. Tenant Tesco Stores Limited is a subsidiary of Tesco PLC the multinational grocery and general merchandise retailer. With over 6,500 stores throughout the UK, Tesco PLC recorded a total revenue of £55,917 million in February 2017.
01225 789343 The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Convenience Store Investment For Sale Freehold Guide Price: £750,000 Sole Selling Agents
Tesco Investment
Cimla Road, Neath, West Glamorgan, SA11 3UG
Agent Details For further details please contact
Charlie Noad Agency Surveyor, Bath 07780599698 [email protected]
Molly Austin Agency Surveyor, Bath 07967026048 [email protected]
Disclaimer JAMES A BAKER for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute part of an offer or contract. 2. Descriptions, dimensions, plans, reference to condition and planning permission for use and occupation and other details are given without responsibility and intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each item. 3. It is emphasized that in these particulars of sale, items of furniture, fixtures, fittings and equipment mentioned are for descriptive purposes only and do not necessarily form part of the trade inventory referred to above. 4. No person in the employment of James A Baker has any authority to make or give representation or warranty whatsoever in relation to this property. www.jamesabaker.co.uk
01225 789343 The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk Viney Ltd Reg No 04515765. Registered in England and Wales. Registered Office: The Bank, 18 Newbridge Road, Bath, BA1 3JX. VAT Reg No 752840133
