141 High Street, Blackwood, Gwent NP12 1AB
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 13 Leasehold Commercial Investment – Gross Yield 9% 6 Week Completion Situation In the heart of this popular town adjacent to Bon Marche , close to branches of Lloyds Bank, New Look, Halifax, Card Factory and Superdrug and diagonally opposite an entrance to The Market Place Shopping Centre which houses branches of Boots, Hays Travel and Peacocks . There is a public car park to the rear of the property. Blackwood lies on the A4048, some 10 miles north-west of Newport, 12 miles north of Cardiff and 9 miles north of the M4 (Junction 28). Property Comprising a Ground Floor Shop with separate rear access to a Basement Store and separate front access to an Ancillary Area on the first floor. Accommodation Ground Floor Shop Internal Width 15'11” Shop & Built Depth 45'8” Rear Store Area Approx. 105 sq ft Basement Area Approx. 115 sq ft First Floor Ancillary Area Approx. 325 sq ft plus WC VAT is applicable to this Lot Tenure Leasehold for a term of 999 years from 25th December 2006 at a peppercorn ground rent. Tenancy The entire property is let on a full repairing and insuring lease to EE Limited (having over 600 branches) (T/O for Y/E 31/03/2021 £6.97bn, Pre-Tax Profit £1.38bn and Shareholders' Funds £7.057bn) for a term of 5 years from 24th October 2019 at a current rent of £15,750 per annum exclusive. Note: The Tenant did not exercise their October 2022 Break Clause.
