Commercial Investment
Substantial commercial property located in the town centre of Tredegar. The property is currently occupied by Barclays Bank PLC on a FRI lease of 20 years from the 10th April 2008 expiring on the 9th April 2028. Please refer to the legal pack for full information on the lease. The current rent payable is £18,100 pa. The bank is located on Castle Street on the corner of Queen Victoria Street in the centre of Tredegar. Approximate floor area - 623 sqm. The property is comletely occupied by the current tenant with possible redevelopment potential availbe in the near future subject to the usual consents.
Tenure
Freehold
Energy Efficiency Rating (EPC)
Current Rating D
Local Authority
Blaenau Gwent County Borough Council
Solicitors
Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.