How much is your commercial property worth?

170-172 High Street, Blackwood, NP12 1AH
£400,000

The property is a two storey end terrace property comprising two self-contained retail units, four one bedroom self-contained flats, a rear garden and four parking spaces. The property is of traditional construction with brick/rendered external walls and a slate roof. The property has modern metal shop fronts and UPVC double glazed windows throughout. The retail units have electric roller shutter doors. The property was originally two retail units with accommodation above but has been extended to the rear double two storey extension at the rear.

Map


Full Description



Location


The property is located in High Street, Blackwood. The property is on the main high street in an area with a mix of uses including retail, leisure, residential and office accommodation.

Blackwood is a town in Caerphilly County Borough Council and has a population of around 24,000 and approximately 14 miles north of Newport and 17 miles north of Cardiff.

All essential amenities are in close proximity.


Accommodation


From measurements taken on site we have calculated the following approximate floor areas:-

Number 170 (Revival)
Retail Area - 377.9 sq ft (35.11 sqm)
Kitchenette/Store - 81.2 sq ft (7.54 sqm)
WC/Lobby - Unmeasured
Total - 459.1 sq ft (42.65 sqm)

Number 172 (Mini Market)
Retail Area - 382.4 sq ft (35.53 sqm)
Kitchenette/Store - 68.7 sq ft (6.38 sqm)
WC - Unmeasured
Total - 451.1 sq ft (41.91 sqm)

170A (Flat 1)
Lounge - 142.5 sq ft (13.24 sqm)
Bedroom - 115.6 sq ft (10.74 sqm)
Kitchen - 75.8 sq ft (7.04 sqm)
Bathroom - 58.0 sq ft (5.39 sqm)
Total - 391.9 sq ft (36.41 sqm)

170B (Flat 2)
Lounge - 130.6 sq ft (12.13 sqm)
Bedroom - 126.0 sq ft (11.71 sqm)
Kitchen - 67.7 sq ft (6.29 sqm)
Bathroom - 40.4 sq ft (3.75 sqm)
Total - 364.7 sq ft (33.88 sqm)

172A (Flat 3)
Lounge - 141.9 sq ft (13.18 sqm)
Bedroom - 113.9 sq ft (10.58 sqm)
Kitchen - 70.9 sq ft (6.59 sqm)
Bathroom - 58.8 sq ft (5.46 sqm)
Total - 385.5 sq ft (35.81 sqm)

172B (Flat 4)
Lounge - 122.5 sq ft (11.38 sqm)
Bedroom - 116.1 sq ft (10.79 sqm)
Kitchen - 104.7 sq ft (9.73 sqm)
Bathroom - 47.1 sq ft (4.38 sqm)
Total - 390.5 sq ft (36.28 sqm)

SERVICES
We have not tested any of the service installations and prospective occupiers must satisfy themselves independently as to the state and condition of such items prior to the transaction completing.

There is no gas available to the retail units.

TENANCIES
170 - retail unit let to Revival Hair Salon on a one-year lease from 10th July 2021. The annual rent is £6,300 per annum.

170A - let on AST and managed through JW Homes. The annual rent is £4,560 per annum.

170B - let on AST at an annual rent of £4,560 per annum.

172 - retail unit let to Valley Market. No lease details have been seen but it is understood that the annual rent is £7,200 per annum.

172A - let on AST and managed through JW Homes. The annual rent is £4,560 per annum.

172B - let on AST at an annual rent of £4,560 per annum.

Current total passing rent - £31,740 per annum.

ESTIMATED RENTAL VALUE (ERV)
Flats - £24,000
Retail Units - £14,400
Total - £38,400


Rates


We have made online enquiries of the Valuation Office who confirm the following Rateable Values:

170 High Street - £8,200
172 High Street - £8,300

We advise all interested parties should make their own enquires with the Valuation Office Agency and Local Authority in this regard.

PLANNING
We have assumed that it has planning permission for its current use as A1 retail units and residential accommodation.


Terms


The property is available to purchase subject to the existing tenancies.


VAT


All figures quoted are exclusive of Value Added Tax (VAT). Any interested party should satisfy themselves as to the incidence of VAT in respect of any transaction.

MONEY LAUNDERING
As part of our obligations under the UK Money Laundering Regulations 2017, Brinsons will require any purchaser or tenant to provide proof of identity along with any other supporting documents requested.


Viewing


Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.


Disclaimer


Brinsons endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.



Features

  • 2 no. adjoining terraced properties comprising 2 no. commercial units and 4 no. flats
  • Current income circa £31,740 per annum
  • Estimated Rental Value (ERV) circa £38,400 per annum
  • Prominent town centre location
  • Car parking to rear
  • PRICE - OFFERS IN EXCESS OF £400,000 EXCLUSIVE

Contact the Caerphilly office

Opening Hours

  • Monday 9 AM - 5:30 PM
  • Tuesday 9 AM - 5:30 PM
  • Wednesday 9 AM - 5:30 PM
  • Thursday 9 AM - 5:30 PM
  • Friday 9 AM - 5:30 PM
  • Saturday 9 AM - 4 PM
  • Sunday Closed