Surrounding the Asda Superstore, Blackwood Retail Park is a 45 minute drive to Cardiff, and a 30 minute drive to Newport. The retail park, located adjoining the High Street, is home to Pets at Home, B&M, Barnardos, Carpetright and Farmfoods.
Draft details freehold commercial / retail office accommodation located on the busy main high street through risca town centre with a1 planning consent. previously trading as a solicitors. viewing recommended
The property is a prominent mid terrace, three storey building over basement, ground and upper floors on a site of 0.20 acres (0.08 hectares). The building is of traditional brick and blockwork construction with supporting flat roofs. 10 car parking spaces are located to the rear of the property.
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%.
The property occupies a good position in Pontypridd town centre on the pedestrianised Market Street with the adjacent occupier being Superdrug. Other occupiers nearby include New Look, WH Smith, Lloyds TBS, Costa Coffee, Boots the Chemist and Poundland.
The property comprises of a substantial mid terraced brick & stone built premises arranged over ground, first, second and third floor levels. The premises have been extensively refurbished and are in fairly good condition providing a ground floor hair salon with upper floor treatments rooms, offices and ancillary space. The premises has gas central heating.
The property is arranged on basement, ground and three upper floors to provide a deep ground floor shop unit with further sales area in the basement and on the first floor. The second and third floors are used for storage, manager’s office and staff accommodation.
Newport is Wales’ third largest City which is located approximately 22 km (40 miles) north east of Cardiff, 40km (25 miles) north west of Bristol and 217 km (136 miles) west of London. The location benefits from easy accessible communication via the M4 with Swansea to the west and the Severn Bridge, leading to Bristol to the east. Newport has recently seen an exciting regeneration with Friars Walk Shopping Centre development completed a few years ago, drawing people back into the City Centre.