The Cambria Portfolio - Savills
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The Cambria Portfolio
Tenancy Schedule
Unit Tenant(s) Lease terms Unexpired Term Certain % of "Rent per Comments
Executive Summary Term to Break income annum”
131 High Street Blackwood Peter Alan Limited 25 year lease from 22/10/1999 6.72 4% £16,000.00
22 Dunraven Place Bridgend Peter Alan Limited 10 year lease from 25/12/2014 6.90 1.90 5% £18,000.00 FRI lease limited by a Schedule of Condition
• Well let mixed use portfolio comprising of high street retail, relating to upper floors
residential and office uses as well as a residential development site Tenant only break option 25 December 2019
30-32 Churchill Way Cardiff Peter Alan Limited 10 year lease from 29/06/2015 7.41 2.66 4% £15,000.00 S/C Cap £1,000 pa.
Media Academy Cardiff 4 year lease from 13/06/2016 2.37 3% £12,600.00 Schedule of Condition.
• 13 Assets in total Limited S/C Cap £1,200 pa subject to RPI
Ex-Act Lease
Residential 6 Flats Let on AST’s 14% £53,040.00
Accommodation
• Freehold and long leasehold interests £80,640.00
Culverhouse Cross Cardiff Peter Alan Limited 10 year lease from 30/07/2014 6.49 20% £75,000.00 FRI limited by a Schedule of Condition
• Passing commercial rent of £273,600 per annum 7 Thornhill Road Cardiff Papa Johns (GB) Limited 15 year lease from 30/10/2015 12.74 7.74 6% £22,500.00 Tenant only break option 29 October 2025
26 High Street Cowbridge Ivor Glyn Nicholas 10 year lease from 01/09/2010 2.58 4% £15,500.00
• Passing residential rent of £95,580 per annum Residential 1 Flat Let on AST 2% £8,340.00
Accommodation
£23,840.00
• Combined passing rent of £369,180 per annum 41 Alfred Street Neath Peter Alan Limited Lease from 30/07/2014 8.14 3.15 2% £9,000.00 Break option 25/03/2021. FRI limited by a
expiring 24/03/2026 Schedule of Condition
• AWULT of 6.26 years (4.31 years to break) 1A Wind Street Neath 3UK Retail Limited 15 year lease from 07/11/2007 4.76 7% £26,500.00 Long-leasehold interest expiring September 2039.
Ground rent payable of £9,500 pa. Net Rent
Receivable £26,500 pa.
FRI lease limited by a Schedule of Condition to the
• Asset management opportunities including several second floor only.
development angles. 75 Bridge Street Newport Peter Alan Limited 10 year lease from 30/07/2014 6.49 1.49 6% £23,000.00 Tenant only break option 30 July 2019
58 John Street Porthcawl Peter Alan Limited 10 year lease from 22/01/2010 1.97 6% £20,500.00
• 53.23% of total income (71.82% of the commercial income) is Residential 2 Flats Let on AST’s 3% £10,200.00
secured by Peter Alan Limited. Peter Alan is a group company of Accommodation
£30,700.00
Connells Group (Connells Limited) which has a 4A1 D&B rating with 49 Mansel Street Swansea Peter Alan Limited 10 year lease from 25/12/2014 6.90 1.90 5% £20,000.00 Tenant only break option 25 December 2019
a 2016 turnover of over £398m and profits in excess of £78m. S/C Cap £1,000 pa.
Residential 4 Flats Let on AST’s 7% £24,000.00
Accommodation
£44,000.00
• The assets are elected for VAT and as such we anticipate the
77-78 Woodfield Street/ Vacant Vacant commercial building, former doctors surgery
transaction can be treated by way of a TOGC 1 Crown Street, Morriston and residence andAbergavenny
plot - Planning permission for
(Transfer of a Going Concern) residential development comprising 13 residences
and 2 commercial retail units.
17 Dillwyn Street, Swansea Vacant Long-leasehold interest Expiring 24 March 2063.
• We are instructed by our client to seek offers of in excess of Peppercorn ground rent. Planning permission
obtained to split the unit and for COU to A3.
£4,550,000 (Four Million Five Hundred and Fifty Merthyr N
100% £369,180
Thousand Pounds) Tydfil
48
• A purchase at this level reflects a net initial yield of 8.03% after Location Map
M4 Pontypool
deducting purchaser’s costs of 6.56% on the income producing
assets and 7.61% net initial yield including the development land Llanelli 47
46 45 Neath Blackwood
N N
and vacant office 44
8 9
1
43
7
42
12 13
Income 41
Swansea Newport
Gower Port Talbot Pontypridd
40
Commercial £273,600 pa 10
39
£95,580 pa 38
Llantrisant M4
Residential M4 36
31
32
1. Blackwood -
37
35 5
131 High Street 2 34 33
2. Bridgend – 11 Bridgend 3
22 Dunraven Place Cardiff
3. Cardiff – Porthcawl 6 4
30-32 Churchill Way
Cowbridge
4. Cardiff –
Culverhouse Cross
5. Cardiff – Cardiff
7 Thornhill Road International
Airport
6. Cowbridge –
26/26a High Street 10. Newport –
75 Bridge Street
7. Morriston –
77/78 Woodfield Street 11. Porthcawl –
& 51 Crown Street 58 John Street
8. Neath – 12. Swansea –
41 Alfred Street 17-19 Dillwyn Street
9. Neath – 13. Swansea –
1a Wind Street 49 Mansel Street
For reference purposes only
1
Tenure
Freehold
Blackwood Tenancy
131 High Street The entire property is let to Peter Alan Ltd on a 25 year lease
from 22 October 1999 on full repairing and insuring terms,
NP12 1AB the lease expires on 21 October 2024. The lease provides for
an upwards only rent review on 22 October 2019. The current
passing rent is £16,000 pax.
Covenant
Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a
lower than average risk of Business failure. For the year ending
31 December 2016 they had a turnover of in excess of £11.80
million and a profit of over £2 million. The business has seen year
Key Points on year growth since 2012.
• Well let town centre retail property
EPC
• Freehold
EPC documentation available on request.
• Let to Peter Alan Limited on a lease expiring
October 2024
• Current Passing Rent of £16,000pax
Description
N
Location N N
N
N N
For reference purposes only
The property is arranged over ground, basement and first floor.
For reference purposes only
The property provides the following approximate areas:
Blackwood is located on the River Sirhowy, in the South Wales Floor Area (Sq Ft) Area (Sq M)
Valleys. It has a thriving commercial and retail centre offering
a wide variety of shops. There are regular bus services to Ground Floor Sales 539 50.07
Blackwood and rail services run from Cardiff to the close by Basement 349 32.42
Ystrad Mynach Station. First Floor 447 41.53
ITZA 368 34.19
Situated approximately 13 miles north of Cardiff, Blackwood
benefits from good road links to the M4 corridor connecting Total NIA 1,335 124.02
Cardiff with Swansea to the west and Newport and London to
the east. *All areas have been provided by the vendor
The property is located in a 100% prime location on the High
Street opposite the entrance to The Market Place shopping
centre with adjacent occupiers including Principality Building
Society and Superdrug. Other nearby occupiers include: Boots,
Select, Bon Marche and Card Factory.
Blackwood 131 High Street NP12 1AB
2
Tenure
Freehold
Bridgend Tenancy
22 Dunraven Place The entire property is let to Peter Alan Ltd on an existing 10 year
lease from 25 December 2014 on full repairing and insuring terms
CF31 1JD limited by a Schedule of Condition, expiring on 24 December
2024.
There is an upwards only rent review on 25 December 2019. There
is a tenant only break option on 25 December 2019 on providing
a minimum of 6 months prior written notice.
The current passing rent is £18,000 pax.
Covenant
Key Points
Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a
• Well let town centre property lower than average risk of Business failure. For the year ending
• Freehold 31 December 2016 they had a turnover of in excess of £11.80
million and a profit of over £2 million. The business has seen year
• Let to Peter Alan Limited on a lease expiring on year growth since 2012.
December 2024
• Current Passing Rent of £18,000 pax EPC
Description
• Asset management opportunities and EPC documentation available on request.
alternate use opportunities on upper floors
N
Location N N
N
N N
For reference purposes only
For reference purposes only
The property is a mid-terraced three storey building arranged
Bridgend is a historic market town, situated approximately 20 over ground, first, second and third floors. The property provides
miles west of Cardiff and 23 miles east of Swansea. The town the following approximate floor areas:
offers a wide range of amenities with a number of independent
boutiques and large chain stores, as well as the McArthur Glen Floor Area (Sq Ft) Area (Sq M)
shopping outlet located within 2 miles of the town centre. The
town offers excellent communication links with the M4 motorway Ground Floor Sales 1,301 120.87
4 miles to the north providing fast access both east and west to First Floor 512 47.57
Cardiff and Swansea. Bridgend is on the main train line to London Second Floor 480 44.59
Paddington, with a journey time of approximately 2 hours 30
Third Floor 142 13.19
mins. Cardiff Airport is approximately 15 miles away which offers
both national and international flights. ITZA 598.5 55.60
Total NIA 2,435 226.22
The property is located on Dunraven Place which is the principle
pitch for estate agents and other A2 financial users within *All areas have been provided by the vendor
Bridgend town centre. Adjoining occupiers include The Bridgend
Music Store and Unbroken Print with other nearby occupiers
including HSBC, The Post Office and Barclays Bank.
Bridgend 22 Dunraven Place CF31 1JD
3
The property provides the following approximate floor areas:
Floor Area (Sq Ft) Area (Sq M)
Cardiff
30 Churchill Way
(Ground Floor & Basement) 1,290 119.84
30-32
32 Churchill Way
(Ground Floor & Basement) 1,240 115.20
Churchill Way First Floor – 3 x One Bed Flats
Second Floor – 3 x One Bed Flats
-
-
-
- Covenant
CF10 2DZ *All areas have been provided by the vendor. Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a
lower than average risk of Business failure. For the year ending
Tenure 31 December 2016 they had a turnover of in excess of £11.80
million and a profit of over £2 million. The business has seen year
Freehold on year growth since 2012.
Tenancy EPC
Key Points
The property is let in accordance with the tenancy schedule EPC documentation available on request.
• Prime City Centre location
below:
• Freehold
• Fully let Mixed-use Building comprising Accommodation Tenant(s) Lease terms Rent per annum Comments
of two ground floor commercial units and six
residential units to the upper floors and rear
Ground Floor and Peter Alan Limited 10 year lease from £15,000.00 S/C Cap £1,000 pa.
of the property Cardiff Airport, is approximately 14 miles from the centre and is Basement – 29/06/2015 Schedule of Condition.
the only international airport in Wales. It provides both domestic 30 Churchill Way
• Current Passing rent of £80,640 per annum
and international flights.
Ground Floor and Media Academy Cardiff 4 year lease from £12,600.00 S/C Cap £1,200 pa
Churchill Way is located 150m south east of Queen Street, one Basement – Limited 13/06/2016 subject to RPI
of the City Centre’s principle retailing locations. Churchill Way is 32 Churchill Way Ex-Act Lease
occupied by a variety of users including retail, restaurants, office First and Second Floors Residential 6 Flats Let on AST’s £53,040.00
Location occupiers as well as a 200 room Premier Inn Hotel. - 30-32 Churchill Way Accommodation
N Description
N N
N
N N
For reference purposes only
Churchill Way is located in the heart centre of Cardiff City Centre
which is both the capital and the largest city in Wales. It is
the most popular visitor destination in Wales and the country’s
chief commercial centre. It is the base for national cultural and
sporting institutions. The City centre provides excellent shopping,
including St. David’s Shopping Centre which is one of the largest
shopping centres in the United Kingdom and the city ranks 5th in
the UK retail destination.
Cardiff is the major transport hub for Wales and is the focus for For reference purposes only
many arterial road and rail routes that connect the City with the The property is sub divided into 2 self contained ground floor
rest of Wales and the UK. The M4 motorway connects Cardiff and basement commercial units accessed directly from Churchill
with Swansea 41 miles to the west and Newport 14 miles and Way as well as 6 one bedroom flats to the upper floor and rear
London 152 miles to the east. entrance. The entire building was fully refurbished in 2015 to
a high standard. The residential properties are serviced by a
Cardiff Central railway station is the largest railway station in separate communal entrance hall located to the rear of the
Wales with over 12 million passengers a year passing through. It building. There is a rear car park providing space for 4 vehicles
provides direct main line services to major cities such as Bristol, one of which is specifically demised to the commercial occupiers.
Birmingham, London, Manchester, Edinburgh and Glasgow.
Cardiff 30-32 Churchill Way CF10 2DZ
4
Tenure
Freehold
Cardiff Tenancy
Culverhouse Cross The entire property is let to Peter Alan Ltd on 10 year lease
from 30 July 2014 on full repairing and insuring terms limited by
a Schedule of Condition, expiring on 29 July 2024. There is an
CF5 6EH upwards only rent review on 30 July 2019. The tenant only break
option has been removed by way of a Deed of Variation. The
current passing rent is £75,000 pax ( £6.68 per sq ft).
Covenant
Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a
lower than average risk of Business failure. For the year ending
31 December 2016 they had a turnover of in excess of £11.80
million and a profit of over £2 million. The business has seen year
Key Points on year growth since 2012.
• Well located HQ Office Building
EPC
• Freehold
EPC documentation available on request.
• Let to Peter Alan Limited until July 2024
• Current Passing Rent of £75,000
( £6.68 per sq ft ) Cardiff Airport, is approximately 14 miles from the centre and is
the only international airport in Wales. It provides both domestic
• Large site and location provides excellent and international flights.
opportunities for future re-development
Culverhouse Cross offers a significant out of town retailing
• Asset management opportunity to explore offering with a number of retail parks in the immediate vicinity
the future rent review which falls due in including a 105,000 sq ft Tesco Extra, a 35,000 sq ft Marks and
July 2019 Spencer Superstore as well as the 135 room Copthorne Hotel.
Bellway have recently constructed over 243 homes directly the
behind the subject property on the previous ITV Studio site.
Location
Description
N
N
N N
N N
For reference purposes only
Culverhouse Cross is located approximately 8 miles to the west
of Cardiff City Centre. Cardiff is the capital and largest city in For reference purposes only
Wales. It is the most popular visitor destination in Wales and the
The property is a former car show room converted into the office
country’s chief commercial centre and administrative centre. It
headquarters for Peter Alan Ltd and is a stand alone building
is home for most national cultural and sporting institutions and
sited on a plot of circa 0.8acres. ( 0.34 hectares). The building
events. The city centre provides excellent shopping, including the
benefits from 2 loading bays with roller shutter doors to the
famous St. David’s Centre which is one of the largest shopping
rear. The building provides the following approximate floor areas,
centres in the United Kingdom.
measured on a net internal area basis:
Cardiff is the major transport hub for Wales and is the focus for
many arterial road and rail routes that connect the City with Floor Area (Sq Ft) Area (Sq M)
the rest of Wales and the UK. The principal motorway is the M4 Ground Floor & First Floor Offices 7,953 738.85
which connects Cardiff with Swansea to the west and Newport Archive stores 3,264 303.23
and London to the east.
Total NIA 11,217 1,042.09
This copy of the title plan is incomplete without the preceding notes page.
Cardiff Central railway station is the largest railway station in
Wales with over 10 million passengers a year passing through. It *All areas have been provided by the vendor
Mae'r copi hwn o'r cynllun teitl yn anghyflawn heb y dudalen nodiadau flaenorol.
This copy of the title plan is incomplete without the preceding notes page.
provides direct main line services to major cities such as Bristol,
Birmingham, London, Manchester, Edinburgh and Glasgow.
Mae'r copi hwn o'r cynllun teitl yn anghyflawn heb y dudalen nodiadau flaenorol.
Cardiff Culverhouse Cross CF5 6EH
5
Tenure
Freehold
Cardiff Tenancy
7 Thornhill Road The entire property is let to Papa John’s (GB) Ltd on a 15 year
full repairing and insuring lease from the 30 October 2015 at a
passing rent of £22,500 pax. There is a tenant only break option
CF14 6PD on 29 October 2025 and the rent is subject to upwards only
rent reviews, the next review is on the 30 October 2020 and 30
October 2025.
Covenant
Papa John’s (GB) Limited have a Dun & Bradstreet rating of 3A1
and a minimum risk of business failure. For the year ending 25
December 2016 the business had a turnover in excess of £56.5
million and a tangible net worth in excess of £11.87 million.
Key Points
• Prominent retail property with residential EPC
accommodation at 1st floor level
EPC documentation available on request.
• Freehold
• Let to Papa John (GB) Ltd on an FRI lease
until October 2030 Cardiff Airport, is approximately 14 miles from the centre and is
the only international airport in Wales. It provides both domestic
• Current Passing Rent of £22,500 pax
and international flights.
The property is prominently located within the retail parade on
the roundabout junction linking the A469 Ty-Glass Road and
Beulah Road which connects the residential areas of Thornhill,
Llanishen and Rhiwbina. The parade is located directly opposite
Location Morrisons and nearby is the Ty-Glas retail park. Occupiers within
the parade include McColls and a number of local retailers and
businesses.
N
Description
N N
N
N N
For reference purposes only
Thornhill Road is situated approximately 5 miles north of Cardiff
City Centre. Cardiff is the capital and largest city in Wales. It is
the most popular visitor destination in Wales and the country’s For reference purposes only
chief commercial centre and administrative centre. It is home for
most national cultural and sporting institutions and events. The The property is a two storey mid terraced building and offers a
city centre provides excellent shopping, including the famous St. self contained ground floor retail unit and a separately accessed
David’s Centre which is one of the largest shopping centres in the 2 bedroom flat at first floor level. The property provides the
United Kingdom. following approximate areas:
Cardiff is the major transport hub for Wales and is the focus for Floor Area (Sq Ft) Area (Sq M)
many arterial road and rail routes that connect the City with Ground Floor Sales 470 43.66
the rest of Wales and the UK. The principal motorway is the M4
Ground Floor Ancillary 207 19.23
which connects Cardiff with Swansea to the west and Newport
and London to the east. ITZA 429 39.86
First Floor – 1 x Two Bed Flat - -
Cardiff Central railway station is the largest railway station in
Wales with over 10 million passengers a year passing through. It *Areas provided by vendor
provides direct main line services to major cities such as Bristol,
Birmingham, London, Manchester, Edinburgh and Glasgow.
Cardiff 7 Thornhill Road CF14 6PD
6
Tenure
Freehold
Cowbridge Tenancy
26/26a High Street The property is let in accordance with the tenancy schedule
below:
CF71 7AG
Accommodation Tenant(s) Lease terms Rent per annum
Ground Floor Ivor Glyn Nicholas 10 year lease from 01/09/2010 £15,500.00
First Floor Residential Accommodation 1 Flat Let on AST £8,340.00
Key Points
• Attractive historic market town
EPC
• Freehold
EPC documentation available on request.
• Mixed use property with ground floor retail
and first floor residential
• Current Passing rent of £23,840 pax
The property is located in a 100% prime pitch on the High Street
• Asset management opportunities adjacent to Principality Building Society. The High Street offers an
eclectic mix of high end independent retailers as well as national
occupiers. Nearby retailers include Lloyds Bank, Costa, Café Nero
as well as a 30,000 sq ft Waitrose Supermarket located behind
the subject property.
Location
Description
N
N
N N
N N
For reference purposes only
The historic market town of Cowbridge is situated in the rural
Vale of Glanmorgan, approximately 15 miles west of Cardiff and
is renowned for its eclectic range of shops and restaurants.
Additionally, there is a Waitrose food store, public library and For reference purposes only
health centre.
This period property is arranged as a self contained ground floor
Recreational facilities include a leisure centre and various retail unit with a self contained one bedroom flat at first floor
sporting clubs which offer tennis, squash, cricket, rugby, football level. The property provides the following approximate areas:
and bowls.
Floor Area (Sq Ft) Area (Sq M)
Cowbridge benefits from an excellent local road network with the Ground Floor Sales 283 26.29
M4 providing fast access east to Newport, the Severn Bridge and
the national motorway network as well as west to Bridgend and Ground Floor Ancillary 393 36.51
Swansea. ITZA 254.5 23.64
First Floor – 1 x One Bed Flat - -
Cardiff to London Paddington is approximately 2 hours on First
Great Western and Cardiff International Airport is approximately *Areas provided by vendor
4 miles away which provides both domestic and international
flights.
Cowbridge 26/26a High Street CF71 7AG
7
The plans provide for the refurbishment of the existing 3-storey The existing building at 51 Crown Street has consent for
building fronting Woodfield Street to provide ground floor retail demolition to create a new-build 2 bedroom coach house along
units and four 1 bedroom apartments on the upper floors. The with access into the main site where a separate detached
prospective plans also include the construction of a two-storey building is proposed to provide six 1 bedroom apartments and
Morriston rear extension to provide a further 1 bedroom apartment on the
ground floor and a 2 bedroom apartment at the first.
a 14 space car park.
77/78 Woodfield CROWN S
TREET
Tenure
Street & 51 Crown PH 79 Freehold with vacant possession.
WOODFIE
51
EPC
Street 77-78
EPC documentation available on request.
75-76
LD STREE
74
73
71-72
T
Key Points
70
• Large mixed-use development opportunity 68-69
• Freehold site with vacant possession 67
• Planning consent granted for the
development of 13 residential units and two
self-contained retail units Description
• Vacant posession
N
N N
Location
N
N N
For reference purposes only
For reference purposes only
The redevelopment opportunity includes a vacant three storey
Morriston is a town in the County of Swansea, located
building that fronts onto Woodfield Street and is arranged as
approximately 43 miles west of Cardiff. The heart of the
two ground floor retail units with additional accommodation at
community surrounds Woodfield Street which comprises of a
first and second floor levels, as well as a detached former surgery
variety of shops, restaurants and entertainment.
and residence located on Crown Street set on a plot of circa 0.3
acres.
Offering easy access to the A4067 Swansea/Brecon Trunk Road
making it a convenient and short drive to the city centre of
Swansea. Planning
The property is located at the Southern end of Woodfield Street. Planning permission was granted on 17 September 2015 for the
Woodfield Street offers the main retail provision for Morriston development of 13 residences, two retail units and 14 car parking
with nearby occupiers including Wilko, Spar, Dominos Pizza as spaces under planning application number 2013/1611.
well as a number of local retailers and takeaways.
Morriston 77/78 Woodfield Street & 51 Crown Street
8
Tenure
Freehold
Neath Tenancy
41 Alfred Street The entire property is let to Peter Alan Ltd on an existing lease
which expires on 24 March 2026 on full repairing and insuring
lease terms limited by a Schedule of Condition. The lease
SA11 1EH provides for upwards only rent reviews on 24 March 2021 and
24 March 2026. The current passing rent is £9,000 pax. There is
a tenant only break option which falls due on 24 March 2021 on
providing 6 months prior written notice
Covenant
Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a
lower than average risk of Business failure. For the year ending
31 December 2016 they had a turnover of in excess of £11.80
Key Points million and a profit of over £2 million. The business has seen year
• Freehold on year growth since 2012.
• Let to Peter Alan Limited on a lease expiring EPC
March 2026
EPC documentation available on request.
• Current Passing Rent of £9,000pax
Neath
• Potential asset management opportunities Description
to explore freehold purchase of adjoining
building and amalgamate the holding, as
well as future opportunities for residential N
conversion of the upper parts.
N N
Location
N
N N
For reference purposes only
For reference purposes only
Experian Goad Plan Created: 09/01/2018
Alfred Street is situated in the town of Neath, located 25 metres The property is a two storey building over ground and first floor. Created By: Savills
approximately 7 miles east northeast of Swansea and and45confidentiality Please note that
miles Experian, 2017. © Crown copyright and the current occupier has amalgamated this For more information on our products and services:
Copyright
west of Cardiff. The town offers a range of shops, pubs and cafes.
database rights 2017. OS 100019885 property with the adjoining property (42 Alfred Street) which is
www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601 6011
There is a historic indoor market which sells local produce and held under separate ownership and does not form part of this
traditional goods. holding.
The town provides good road links - the A465 which skirts the The property provides the following approximate floor areas:
town to the north east and provides a link to the M4. Neath is
served by First Great Western on the South Wales Main Line with Floor Area (Sq Ft) Area (Sq M)
services operating to Port Talbot, Bridgend, Swansea, Cardiff, Ground Floor Sales 396 36.79
Newport, Bristol Parkway, Reading and London Paddington.
First Floor 294 27.31
The property is located on Alfred Street which is approximately ITZA 330.5 30.70
250m South of the prime retail pitch of Green Street. Alfred Total NIA 690 64.10
Street is the principle location for estate agencies serving the
town as well as number of local independent retailers, solicitors *Areas provided by vendor
and professional advisors.
Neath 41 Alfred Street SA11 1EH9
Tenure
Long Leasehold – The entire building is held by way of a 90
year lease from 25 September 1979. The current ground rent is
Neath £9,500pa and is subject to a further review on 25 September
2039.
1a Wind Street Tenancy
SA11 3EG The entire property is currently let to 3GUK Retail LTD on an
existing 15 year lease from 7 November 2007 on full repairing
and insuring terms limited by a Schedule of Condition which is
applicable to the second floor only. The current rent is £36,000
pax.
Covenant
3UK Retail Limited is a holding company for Hutchison 3G UK
Limited. Hutchison 3G UK Limited is the UK operating company
Key Points of the mobile network “3”/”Three” and for the year ending 31
• 100% Prime town centre retail investment December 2016 they had a turnover in excess of £2.2 billion, net
assets of £6.96 billion and an EBITDA of £732.8 million.
• Long Leasehold
• Let to 3GUK Limited on a lease expiring EPC
November 2022
EPC documentation available on request.
• Current rent £36,000 pa Description
• Net income of £25,500 pax after deducting
Annual Ground Rent of £9,500pa.
N
• Management opportunities to seek early
regear and also explore purchase of freehold
interest N N
Location
N
N N
For reference purposes only
The property is a three storey building arranged over ground,
first and second floors. The second floor is currently inaccessible
having been voided off by the current tenant.
The property provides the following approximate areas:
Floor Area (Sq Ft) Area (Sq M)
For reference purposes only Ground Floor Sales 374 34.75
First Floor 216 20.07
Wind Street is situated in the historical market town of Neath,
located approximately 7 miles east northeast of Swansea and Second Floor – Not Measured - -
45 miles west of Cardiff. The town offers a range of shops, pubs ITZA 374 34.75
and cafes. There is a charming indoor market which sells local
produce and traditional goods. *Areas provided by vendor
The town provides good road links - the A465 skirts the town to
the north east and provides a link to the M4. Neath is served by
First Great Western on the South Wales Main Line with services
operating to Port Talbot, Bridgend, Swansea, Cardiff, Newport,
Bristol Parkway, Reading and London Paddington. The property
is located on 100% prime retail pitch in Neath town centre with
adjacent occupiers including Poundland and Card Centre. Other
notable occupiers in the vicinity include Boots, Superdrug, Clarks,
Greggs, Next and Costa Coffee
Neath 1a Wind Street SA11 3EG10
Tenure
Freehold
Newport Tenancy
75 Bridge Street The entire property is let to Peter Alan Ltd on an existing 10 year
lease from 30 July 2014 on full repairing and insuring lease terms,
expiring on 29 July 2024. There is an upwards only rent review
NP20 4AQ and a tenant only break option on the 30 July 2019. The current
passing rent is £23,000 pax.
Covenant
Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a
lower than average risk of Business failure. For the year ending
31 December 2016 they had a turnover of in excess of £11.80
million and a profit of over £2 million. The business has seen year
on year growth since 2012.
Key Points
• City centre retail investment EPC
• Freehold EPC documentation available on request.
• Let to Peter Alan Limited on a lease expiring
July 2024
• Current Passing Rent £23,000 pax The property is located on Bridge Street, Newport with adjacent
occupiers including Roberts & Co Estate Agent and David Stock
• Asset management opportunities to seek Financial Advisors. Bridge Street is approximately 200m from
removal of future break option Newport train station and provides a link to Commercial Street
which is Newport’s traditional retailing location. Other occupiers
in the immediate vicinity include HSBC, NatWest, Tesco Express
as well as a number of Estate Agencies. Newport retailing has
experienced a renaissance with the opening of the £100 million
Location Friars Walk shopping centre in recent years.
Description
N
N
N N
N N
For reference purposes only
For reference purposes only
Newport is a city located on the River Usk approximately 14 miles
northeast of Cardiff. The city benefits from visitor attractions The property is a mid-terraced, three storey building over ground,
including; a traditional covered market, the ancient Roman first and second floors along with a small externally accessed
fortress site at Caerleon and the famous Celtic Manor, 2010 cellar. The property provides the following approximate floor
Ryder Cup course which offers world class golf, health and leisure areas:
facilities.
Floor Area (Sq Ft) Area (Sq M)
Transport communications are excellent with the M4 motorway
only 1 mile of the city centre and The Great Western main Ground Floor Sales 679 63.08
railway line passing through the city stopping at Newport Ground Floor Ancillary 112 10.41
railway station. Newport is well linked with nearby Cardiff, First Floor 498 46.27
with approximately six rail and five bus services between the
cities every hour. It also provides a regular service to Bristol and Second Floor 508 47.19
London Paddington and westbound to Cardiff and Swansea. Basement (External Access) 727 67.54
ITZA 470 43.66
Total NIA 2,524 234.49
*Areas provided by vendor
Newport 75 Bridge Street NP20 4AQ11
Tenure
Freehold
Porthcawl Tenancy
58 John Street The property is let in accordance with the tenancy schedule
below:
CF36 3BD
Accommodation Tenant(s) Lease terms Rent per annum
Ground Floor Peter Alan Limited 10 year lease from 22/01/2010 £20,500.00
First and Second Floor Residential Accommodation 2 Flats Let on AST's £10,200.00
Key Points
• 100% prime location in the attractive seaside Covenant
town centre of Porthcawl
Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a lower
• Freehold than average risk of Business failure. For the year ending
31 December 2016 they had a turnover of in excess of £11.80 million
• Ground Floor let to Peter Alan Limited on a
and a profit of over £2 million. The business has seen year on year
lease expiring January 2020 with residential
growth since 2012.
on the upper floors Description
• Total Passing Rent of £30,700 pa EPC
• Asset management opportunities to seek
N EPC documentation available on request.
early renewal / regear
N N
Location
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For reference purposes only
The property is a three storey, mid-terraced building with a
self contained ground floor retail unit accessed directly from
Johns Street. The first and second floors were converted in
2015 to provide a 1 bed flat and a 2 bed flat. The residential
For reference purposes only accommodation is externally accessed to the rear of the property
where there is also a rear parking provision for 4 vehicles.
Porthcawl is a seaside town located on the south coast of Wales,
approximately 28 miles west of Cardiff and 20 miles southeast The property provides the following approximate areas:
of Swansea. The town has an extensive promenade and several
beaches which attracts significant tourism throughout the year.
Floor Area (Sq Ft) Area (Sq M)
The town benefits from the world-renowned Royal Porthcawl Ground Floor Sales 699 64.94
Golf Club. The nearest mainline trains are located at Bridgend Ground Floor Ancillary 156 14.49
which offers services to Swansea to the west and Cardiff to the
ITZA 528.5 49.10
East. The M4 is 10 minutes north with Swansea approximately 25
minutes and Cardiff 35 minutes drive. First Floor – 1 x 1 Bed Flat - -
Second Floor – 1 x 2 Bed Flat - -
The property is located on 100% prime pitch on John Street,
Porthcawl’s main retailing location. Adjoining occupiers are *Areas provided by vendor
Ty Hafan and A J Gutridge with other retailers in the vicinity
including Boots, Costa, Specsavers, Clarks, Superdrug and Lloyds
Bank.
Porthcawl 58 John Street CF36 3BD12
The property provides the following approximate floor areas: Tenancy
Floor Area (Sq Ft) Area (Sq M) The property is offered with full vacant possession.
Swansea
Ground Floor Sales 2,663 247.40
Asset Management Opportunities:
Ground Floor Ancillary 248 23.04
• Letting of the vacant accommodation
17-19 Dillwyn
ITZA 1,801 167.32
Total NIA 2,911 270.44 • Explore splitting options of the accommodation
• Change of use
Street SA1 4AQ *Areas provided by vendor • Sale to nightclub
Tenure EPC
EPC documentation available on request.
Long Leasehold - The entire building is held by way of a 99 year
less 1 day lease from 25 March 1964 at a peppercorn rent.
Key Points
• Prominent City Centre vacant showroom/
retail unit
• The property comprises of c.3,000 sq ft
arranged over a single floorplate
• Long Leasehold
• Vacant posession with planning permission Swansea is served by Cardiff Airport approximately 44 miles
away which provides both domestic and international flights.
for Class A3 Use and a split configuration
The subject property is located on Dillwyn Street close to the
junction with St Helen’s road and The Kingsway, linking the
A4067 Oystermouth Road to the western end of Swansea city
Location centre.
The property is located to the western end of Oxford Street
and close to the 120 space public surfaced car park and main
N city centre bus station. Within the vicinity are a number of
A3 occupiers and local convenience retailers including: JD
Wetherspoon, Papa John’s and Dominos. The property is close to
N N
the main student area of Swansea.
Description
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N N
For reference purposes only
Swansea is the second largest city in Wales and the twenty-fifth
largest city in the United Kingdom.
Situated on the South West Wales coast, Swansea Bay attracts
many visitors hoping to enjoy it’s wonderful coastal location and
easy access to the Gower Peninsula. The city centre provides
excellent shopping and is widely recognised as the regional
shopping centre for South West Wales. It benefits from an array
of shops from high street retailers to independent boutiques and
traditional arcades.
For reference purposes only
The City has excellent road communications with the A48 and
the M4 connecting Swansea with Neath, Port Talbot and Cardiff The property offers a ground floor, self-contained former
(45 miles to the west), London and the wider national motorway showroom which has been fully stripped out and offers large
network. open plan accommodation suitable for a variety of uses. The unit
benefits from planning permission for change of use to Class A3
There are excellent bus and rail services calling at Swansea which use under planning application number 2016/3095. The upper
operate to destinations such as: Llanelli, Carmarthen, Milford parts are held under separate ownership and currently run as a
Haven, Haverfordwest, Shrewsbury,Cardiff Central, Newport and night club establishment.
London Paddington. Swansea 17-19 Dillwyn Street SA1 4AQ13
The property provides the following approximate floor areas:
Floor Area (Sq Ft) Area (Sq M)
Swansea
Ground Floor Sales 887 82.40
Basement 709 65.87
49 Mansel Street
First Floor – 2 x 1 Bed Flat - -
Second Floor – 2 x 1 Bed Flat - -
SA1 5SW *Areas provided by vendor Covenant
Tenure Peter Alan Ltd have a Dun and Bradstreet rating of 2A2 and a
lower than average risk of Business failure. For the year ending
Freehold 31 December 2016 they had a turnover of in excess of £11.80
million and a profit of over £2 million. The business has seen year
Tenancy on year growth since 2012.
The property is let in accordance with the tenancy schedule EPC
Key Points below:
EPC documentation available on request.
• Prominently located mixed-use investment
• Freehold
Accommodation Tenant(s) Lease terms Rent per annum Comments
• Retail unit let to Peter Alan Limited on
a lease expiring December 2024 and 4
Ground Floor Peter Alan Limited 10 year lease from £20,000.00 Tenant only break option
residential units to the upper floors let on and Basement 25/12/2014 25 December 2019
AST’s. There are excellent bus and rail services calling at Swansea which S/C Cap £1,000 pa.
operate to destinations such as: Llanelli, Carmarthen, Milford
• Current Passing Rent of £44,000 pax First and Second Floor Residential 4 Flats Let on AST's £24,000.00
Haven, Haverfordwest, Shrewsbury, Cardiff Central, Newport and
Accommodation
• Asset management opportunities to seek London Paddington.
removal of break option or explore LLH sale
of residential accommodation Swansea is served by Cardiff Airport approximately 44 miles
away which provides both domestic and international flights.
The subject property is located on Dillwyn Street close to the
Location junction with St Helen’s road and The Kingsway, linking the A4067
Oystermouth Road to the western end of Swansea city centre.
The property is prominently located on Mansel Street, at
N the junction with Page Street. Mansel Street is a busy road
connecting Swansea city centre to Uplands and other busy
suburbs of west Swansea. Mansel Street is the traditional hub
N N
for small office occupiers, estate agencies, as well as a large
proportion of student residences.
Description
N
For reference purposes only N N
Swansea is the second largest city in Wales and the twenty-fifth
largest city in the United Kingdom.
Situated on the South West Wales coast, Swansea Bay attracts
many visitors hoping to enjoy it’s wonderful coastal location and
easy access to the Gower Peninsula. The city centre provides
excellent shopping and is widely recognised as the regional
shopping centre for South West Wales. It benefits from an array
of shops from high street retailers to independent boutiques and For reference purposes only
traditional arcades.
The property is a prominent four storey corner building arranged
The City has excellent road communications with the A48 and over basement, ground, first and second floors. The ground floor
the M4 connecting Swansea with Neath, Port Talbot and Cardiff and basement offers a self-contained retail unit with ancillary
(45 miles to the west), London and the wider national motorway accommodation. The first and second floors have recently
network. been redeveloped to provide 4 one bedrooms flats, which are
externally accessed via Page Street.
Swansea 49 Mansel Street SA1 5SWVAT The assets are elected for VAT and as such we anticipate the transaction can be treated by way of a TOGC (Transfer of a Going Concern) Proposal We are instructed by our client to seek offers in excess of £4,550,000 (Four Million Five Hundred and Fifty Thousand Pounds). A purchase at this level reflects a net initial yield of 8.03% after allowing for purchaser’s costs of 6.56% on the income producing assets and 7.61% net initial yield including the development land and vacant office. Further information Requests for further information, or arrangements to inspect the portfolio, are to be made solely through the agents: Ross Griffin Alex Kalebic Tel: +44 (0) 29 2036 8961 Tel: +44 (0) 117 910 2217 Mobile: +44 (0) 7972 000 113 Mobile: +44 (0) 7870 869 104 Email: rgriffin@savills.com Email: AKalebic@savills.com Misrepresentation Act Messrs Savills (UK) Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 2. All descriptions, references to condition and necessary permission for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as either statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. All dimensions are approximate. 3. No persons in the employment of Messrs Savills (UK) Ltd have any authority to make or give any representation or warranty whatsoever in relation to this property. 4. All correspondence regarding this offer is subject to contract. February 2018 Design by Martin Hopkins | T 029 2046 1233 | martinhopkins.co.uk
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