Vale of Neath Retail Park, Cadoxton Road Neath, West Glamorgan, SA10 7AY

  • Retail, Investment
  • 2,435 sq ft
  • For Sale
Vale of Neath Retail Park, West Glamorgan, Retail, Investment For Sale - Vale of Neath.jpg
Vale of Neath Retail Park, West Glamorgan, Retail, Investment For Sale - Image from Google Street View - 191
Property Type Retail, Investment
Tenure For Sale
Size 2,435 sq ft
Freehold Price £900,000 Plus VAT
Business Rates £32,684.50, (based on rateable value of £65,500)
Energy Performance Rating This property has been graded as 85 D

Freehold drive through restaurant facility offering a lease with an excellent covenant

Key Features

  • Let to Union Burger, T/A Burger King unitl 2023
  • Situated on Vale of Neath Retail Park
  • Neighbouring occupiers include Halford, Lidl and Topps Tiles
  • Approximate site area, 0.29 hectares

Location

The property is prominently situated at the junction of Cadoxton Road, and the B4434, a busy arterial route into Neath town centre. Nearby occupiers on the Vale of Neath Retail Park include Halfords, Lidl, and Topps Tiles. Both B&Q and Morrison’s are located further south less than a 5 minute walk from the subject property. A comprehensive school (DWR-Y-FELIN) and Neath Port Talbot college lie within 400 metres of the restaurant. It is also located in the middle of a big residential area.

Available area

DescriptionSq ft Sq m
Retail area2,435226.21
Total site area31,363.202,913.74
Totals33,798.203,139.95

Tenancy Agreement

The tenant UnionBurger Ltd (1) (t/a Burger King) on a FRI 25 year lease with effect from 26/10/1998, paying an annual rent £60,500 per annum exclusive. A rent review is due on the 26th October 2018.

Price

The above equals to a Net Investment Yield of 6.30% allowing for purchaser costs of 0.68%

Legal Costs

Each party pay their own legal costs incurred in this transaction. The prospective purchaser is, however, required to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal costs if they withdraw from the transaction.

VAT

This property is elected for VAT