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For Sale£635,000.00

Canal Road, Cwmbach, Aberdare CF44 0PN

Retail - High Street, Retail , 3147 Sq Ft
Property type: Retail - High Street, Retail
Tenure: Investment Opportunity, For Sale Freehold
Size: 3147 Sq Ft
Price: £635,000.00
Location: Co-op Convenience Street, Canal Road, Cwmbach, Aberdare, Aberdare, CF44 0PN
INVESTMENT SUMMARY  Freehold investment let to Co-operative Group Food Limited. A new 3,147 sqft stand alone convenience store with customer parking. A 15 year lease with Tenants Only Break at year 10. Commencing rental of £43,500pax (£13.82/sqft). Five yearly rent reviews linked to CPI with a collar of 1% and cap of 3% per annum. Offers invited at a level from £635,000 reflecting a net initial yield of 6.5% assuming usual purchasers costs of 5.14% The subject property is located in Cwmbach approximately 2 miles to the east of Aberdare.  Aberdare is an important commercial centre located on the northern edge of Rhondda Cynon Taff Borough, some 20 miles to the north of Cardiff.  The town has a population of approximately 40,000.  The subject store is located to the eastern side of Canal Road which connects the A4059 to the south to Aberdare Town Centre to the north east.  A single storey convenience store which has been recently fully refurbished to the specification of Co-op.  The property benefits from a dedicated front delivery area and 17 dedicated car parking spaces (including 1 disabled space).
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