Pontypridd is located 11 miles north west of Cardiff’s city centre. The property occupies an excellent position on Taff Street, which is Pontypridd’s prime retailing thoroughfare. Pontypridd has a resident population of 33,000 (2011 census) and is also home to the University of South Wales with some 18,000 students. The property is next door to Shaws the Drapers and the British Red Cross. Other retailers in close proximity include Peacocks, Iceland and Holland & Barrett. The property comprises a mid-terrace two storey property with ground floor retail and upper floor ancillary accommodation. The property is held on the basis of a 3 year full repairing and insuring lease to Bush Healthcare Limited at a current rent of £20,000 per annum effective May 2016. Offers in excess of £195,000 are invited. This reflects an attractive net initial yield of 10.06% assuming purchaser’s cost of 1.96%.
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