Retail premises for sale in George Street, Pontypool NP4

Location

Pontypool is a town located in the borough of Torfaen. It is
approximately 10 miles north of Newport. The town population is
approximately 28,970.

The property is located on the corner of George Street, Crane Steet
and Commercial Street in a prominent position. This is the
pedestrianised area of Pontypool. Other occupiers include High
Street Fitness, Nationwide and Specsavers amongst others.

Description

The property is a three storey corner terrace building.
The ground floor has an open plan retail area fitted out to the current
tenant’s specification. The property benefits from suspended ceilings, laminate flooring and power sockets.

The property has windows on two sides, with security roller shutters.
There are two separate back rooms, a kitchen and WC facilities.

Tenancies

The property is currently let to cchg Ltd t/a vpz for a period of 5
years ending on 15th August 2028 subject to a mutual break clause of
6 months notice on 16th August 2026. The current rent is £12,000 per
annum exclusive. The tenant is responsible for internal repairs and
insurance subject to a schedule of condition.

Covenant strength

In its latest filed accounts to 31st December 2022, the tenant declared
a profit after tax of c £465,000 and shareholder funders of in excess
of £13.4m.
Vpz trade from over 170 locations across the UK.

Accommodation

Total:
115.70 sq m
(1,245 sq ft)

Planning

We understand that the property benefits from planning consent for
retail use. However, we recommend that interested parties make their
own enquiries to the local authority.

Tenure

We are seeking offers in excess of £125,000 plus VAT.