Main features:
Income producing freehold investment.
Ground floor commercial lease.
Upper parts long term ground rent lease.
Description location & directions; Barbara Rees Commercial is pleased to offer
for sale this, mixed use freehold investment with income derived from a ground
floor commercial lease and a long term ground rent lease of the upper parts,
residential flat.
The property is situated in a prominent location on the one way system at the
road junction of Ton Y Felin Road, Castle Street and Bedwas Road ( B4600 ), a
short distance from Caerphilly town centre and Caerphilly castle.
The property fronts directly onto Ton Y Felin Road with rear car park access
off Bedwas Road, (see the map inlay below for local directions).
Viewing; Unaccompanied external viewing is possible (please do not make any
direct approach to the shop tenant).
Lease documentation; Is available for inspection at our Tonypandy office.
Lease details;
Demise – Ground floor shop unit / cafe / take away 27 Ton Y Felin Road
Caerphilly.
User – within use class A3, 1987 planning act use class orders ( Wales ), the
tenant is currently successfully trading as a cafe / take away.
Lease type - Formal Unregistered lease.
Lease term – 5 Years from 01st October 2018 (the seller advises that the
current tenant wishes to remain in occupation and either extend or renew the
exiting lease).
Passing rent - £9, 960 p/a paid monthly in advance.
Rent reviews – At renewal.
Repairing obligations – I. R & I.
Vat – we are given to understand that the property is not vat elected.
Demise – First floor flat 21a Ton Y Felin Road Caerphilly.
User – within use class C3, 1987 planning act use class orders ( Wales ),
residential flat.
Lease type – Long ground rent lease with insurance and service charge.
Lease term – 125 years from 05th August 2008.
Ground rent - £150 - 00 p/a increasing by £50 - 00 every tenth anniversary.
Exterior; Rear car parking / delivery access.
Asking price; £ 105, 000 for the freehold interest, subject to the existing
leases.
General notes; Any information contained herein should be verified by
prospective purchasers or their advisers 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 main’s 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 via the acting solicitors.
Commercial mortgage / business loan; Available subject to status, please ask
for an appointment with our independent financial advisor.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

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