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2 -10, Holton Road

For sale: POA|To rent: ROA|8715 Sq Ft|Office, Retail - High Street, Other, Offices, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
TO RENTROA
SIZE8715 Sq Ft
ADDRESS2 -10, Holton Road, Barry, CF63 4HD
TYPEOffice, Retail - High Street, Other, Offices, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, To Let, For Sale Freehold, For Sale Leasehold
POSTED ON2nd September 2020

DESCRIPTION

Key Points

  • Located in the Centre of Barry
  • Ground Floor Retail Units with Offices Above
  • First and Second Floor Offices Available
  • Long leasehold for sale with 46 years remaining
  • Annual Income £43,764 per Annum
  • Summary

    Retail parade with offices above situated in a prominent position in Barry Town Centre

    Location

    The property is located in Barry town centre and occupies a prominent position on Holton Road, which is the town's main retailing area.

    Terms

    The property is currently held via a Long Leasehold Interest of 90 years from 1st November 1973 with a lease expiry of from 31st October 2063, subject to an annual rent of £14,000 per annum (until 31st October 2033). This is to be reviewed every 30 years to the current market ground rental value at that time. A copy of the head lease is available on request.

    Specifications

    The property comprises a terrace of five ground floor retail units with self-contained offices located on the first and second floors. Internally, all five ground floor retail units have been interconnected to provide a combination of cellular and open plan office accommodation. The general office specification includes the following: - Gas central heating - Suspended ceilings with recessed lighting - Perimeter trunking - Double glazed windows - Single passenger lift and stair access

    Accommodation, Car Parking and Tenancy Schedule

    Floor | Size (Sq ft) Ground | 2,895 First | 2,946 Second | 2,874 Total | 8,715 Car Parking - To the rear of the property there is a car park which can accommodate up to 14 cars.  

    VAT

    The property is elected for VAT and therefore VAT is applicable on all costs.

    LOCATION

    Location: 2 -10, Holton Road, Barry, CF63 4HD

    Barry Docks (0.4 miles)

    Barry (0.7 miles)

    Barry Island (0.8 miles)

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