Property Type: Investment, Retail

Tenure: For Sale, Investment

Size: 4000 Sq Ft

Price: £ 710000

Property Details:

Porthcawl is an attractive seaside town located on the Heritage Coast with a strong staycation market. The town has circa 1 million visitors a year.

The property occupies a prime position on the pedestrianised John Street. Other occupiers close by include Costa Coffee, Specsavers, Greggs, Boots, Holland & Barrett, Card Factory, Peacocks, Poundland and Peter Alan, plus a wide variety of independent café and retail operators. The town’s principal car park, Hillsborough Place, is within a short walking distance behind the property, accessed via James Street.

The property is a two storey, mid terraced building with a self-contained ground floor unit accessed directly from John Street. The ground floor space has been fitted out to a high standard for banking use/hub. The first floor consists of two, one bed apartments with double size bedrooms, lounges, a large bathroom and kitchen/diner area. The residential accommodation has its own designated access on John Street and has recently been refurbished to a high quality. Tenure Freehold subject to the occupational leases.

Ground floor circa 2,000 sq ft and first floor circa 2,000 sq ft.

Commercial Covenant – Cash Access UK is a not-for-profit company owned and funded by nine major high street banking providers. These companies have come together to provide cash and basic banking services in communities across the UK. Banks involved are Barclays, HSBC, Lloyds, NatWest, Santander, TSB, Virgin Money, Danske and Bank of Ireland.

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