Crown Building River Vw 5,334 sq ft 100% Let Retail Property Tonypandy CF40 1QF £300,000 (£56.24/sq ft) 10.67% Net Initial Yield

MAIN FEATURES
INCOME PRODUCING FREEHOLD INVESTMENT
MODERN WELL APPOINTED OFFICES
ALL ON GROUND FLOOR LEVEL & D.D.A. COMPLIANT
JUST OFF THE TOWN CENTRE WITH FREE CAR PARKING
EASY ACCESS TO LOCAL TRAIN STATION & FREQUENT BUS SERVICES
DESCRIPTION LOCATION & DIRECTIONS; Barbara Rees Commercial is pleased to offer for sale, the freehold interest of this modern well appointed DDA compliant retail / office building, situated in a prominent location just off the town centre in Tonypandy.
Tonypandy is one Rhondda’s three principal towns located on the A4058 / A4119 approximately six miles from J34 M4 and a similar distance from the A470 at Pontypridd.
Tonypandy town centre comprises a mix of varied business users, with some national retailers including Iceland, Boots, TUI, a branch of Lloyds bank and the Principality Building society, as well as a number of local business’s and food / leisure outlets.
The town enjoys good road links and frequent bus and train services, plus free car parking.
VIEWING; Strictly accompanied viewing only, by prior appointment via our Tonypandy office.
GROUND FLOOR UNIT 1; 253.12sq mt ( 2,724 sq ft), secure entrance / lobby & reception area, several offices, computer room / stores / kitchen / staff room male / female & a disabled wc. Unit 1 is subject to a lease until 28th February 2029 with a passing rent of £12,000 p/a, the rent increases to £13,800 p/a from 01st March 2026.
GROUND FLOOR UNIT 2; 242.46sq mt (2,610 sq ft) secure entrance and lobby / customer reception, open plan and enclosed offices, large staff room / canteen, male / female & disabled wc’s. Unit 2 is subject to a lease until 17th October 2026 with a passing rent of £20,000 p/a.
SERVICES & FACILITIES; Double glazed windows, gas / electric central heating / air conditioning, security and fire alarm systems.
EXTERIOR; Public car parking nearby / main entrance / side fire escape.
USER; Believed to fall within use class A1 / A2 (retail / office – other uses maybe considered subject to approval).
VAT ELECTION; The property is vat elected.
RATES; Rateable Values: Unit 1 = £18,000. Unit 2 = £15,250. Mulitplier 0.535 (RV extract taken from the 2017 rating list).
ENERGY RATING; Unit 1 = D / 91. Unit 2 = C / 66.
GUIDE PRICE; £300,000 (for the freehold interest subject to any existing lease).
GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. Barbara Rees is advised that the property has the benefit of all mains services although this and the adequacy and condition of any and all equipment / fixtures and fittings / inventory items, should be confirmed by the prospective purchaser / tenant or via the acting solicitors.