Property Type: Investment, Retail

Tenure: For Sale, Investment

Size: 42062 Sq Ft

Price: £ 7415000

Property Details:

MODERN, PROMINENT SUPERMARKET ANCHORED RETAIL WAREHOUSE INVESTMENT

Brynmawr is a prominent market town in Blaenau Gwent, South Wales. The town lies approximately 7 miles west of Abergavenny, 5 miles northeast of Ebbw Vale and 21 miles north of Cardiff.

Prominently situated fronting Blaina Road, immediately south of Brynmawr town centre and in close proximity to the recently upgraded A465 Heads of the Valleys dual carriageway.

A catchment population in excess of 163,000 people within a 20 minute drive time.

Modern, purpose built out-of-town retail development extending to 42,062 sq ft GIA, comprising two standalone retail units, a retail pod and drive-thru unit. The scheme was constructed in 2022.

178 dedicated surface car parking spaces, reflecting a parking ratio of 1: 236 sq ft GIA.

Fully let to an established discount and convenience-led lineup comprising Lidl, Home Bargains, McDonald’s and Greggs.

Total passing rent of £569,076 per annum, equating to a low and affordable average of £13.61 per sq ft. The current net operating income is £537,848 per annum.

The weighted average unexpired lease term for the scheme is 13.8 years to expiry, and 11.1 years to break.

94% of the scheme’s income is secured against covenants with 100A Creditsafe ratings, reflecting a very low risk of business failure.

Freehold. 4.43 acres, reflecting a low site coverage ratio of approximately 22%.

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