4 Adare Street, Bridgend, MGN

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4 Adare Street

Bridgend, CF31 1EJ

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Property type:Retail Sub type:Shop-front Status:Existing Year built:1910

Building size:957 sq ft

For sale price:£350,000 Price:£365.73 sq ft

Yield:9.60 %

The property comprises a mid-terraced, two-storey building of brick and stucco construction, totalling around 957 sq ft NIA. The premises are currently arranged to provide ground floor retail accommodation with ancillary space above.
The property is situated in a prime pedestrianised town centre location on the east side of Adare Street, close to the Rhiw Shopping Centre. Bridgend itself is one of the principal retail and commercial centres for South Wales supporting a resident population of just over 39,000. The town is adjacent to Junctions 35 and 36 of the M4 motorway and strategically located at the junction of the A4061, A475 and A48. It lies some 25 miles south – east of Swansea and 28 miles west of Cardiff and benefits from rail services to London Paddington.

Sale Notes:
The investment opportunity comprises a well located freehold shop investment which is sublet to Thorntons until 2014.
The property is available on a freehold tenure at offers in excess of £350,000 which would reflect a NIY of 9.6%.
The entire property is at present let to Buy As You View Ltd. with a guarantee from Dunraven Finance Ltd, for a term of 25 years from 25 December 1989 at a current rent of £35,000 per annum, exclusive of rates. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants. The property has been sub – let to Thorntons Plc.