2 Southall Street, Brynna, Pontyclun, Glamorgan, CF72 9QH
|Size||1,517 sq ft|
|Freehold Price||Offers in excess of £335,000|
Brynna is well located village 6.7 miles north east of Bridgend City Centre and 14 miles north west of Cardiff city centre. Due to Brynna's proximity to the M4 J35 as well as both Pencoed and Llanharan railway stations, it offers residents easy access to most of South Wales. Other occupiers include in the village include a local fish and chip restaurant and butcher.
The property comprises an end of terrace two storey building of traditional construction under a pitched, tile roof with a single storey flat roof over the rear extension. The retail shop is arranged over the ground floor with ancillary accommodation. The upper floor is a large four bedroom flat. The property has recently been extensively refurbished and re-branded to McColl’s standard format.
|Ground Floor Sales||1,176 sq ft||109 sq m|
|Ancillary||341 sq ft||32 sq m|
|Total NIA||1,517 sq ft||141 sq m|
|Residential - 4 Bedroom Flat|
The entire property is let to Martin McColl Limited for a term of 20 years from the 19th October 2015 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £24,000 per annum.
|19th October 2020||£26,497 pa||7.63%|
|19th October 2025||£29,254 pa||8.42%|
|19th October 2030||£32,298 pa||9.3%|
McColl’s trade from over 1,300 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 27th November 2016 reported a turnover of £518.736 million, a pre tax profit of £25.631 million and shareholder’s funds of £160.391 million.
The combined group has a turnover in excess of £1bn. It employs nearly 20,000 full and part-tine staff and is visited by over 4.5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at http://www.mccolls.co.uk/investor.
The commercial element has an EPC rating of B 42 and the residential has an EPC rating of D 67. All copies of the EPC’s are available on our website.
We are instructed to seek offers in excess of £335,000 (subject to contract) for the freehold interest, which reflects a net initial yield of 6.91% assuming purchasers costs at 3.67%.
Savoy Stewart is a commercial property agent and commercial property surveyor located on Oxford Street, in the heart of London. We provide comprehensive services that meet specific commercial property needs all around London and the surrounding areas.