£350,000
(£149.83/sq. ft)
Retail premises for saleHigh Street, Cardigan SA43
2,336 sq. ft
Just added
About this property
Initial Yield of 9.04% assuming purchaser’s costs of 4.25%
Currently let to The Works Stores Limited
Prominent position within Cardigan
For Sale: £350,000
Location
The property is situated on High Street, within the town of Cardigan. High Street is the main retail area within the town offering a mix of national and independent retailers
including Specsavers, HSBC Bank, and WHSmith. Cardigan is the second largest town in Ceredigion and is close to the A487, an arterial route linking multiple towns along
the west coast of Wales. Cardigan is approximately 40 to the South West of Aberystwyth and 26 miles North-West of Carmarthen.
Description
The subject property comprises a 4-storey mid terrace building within the town centre of Cardigan. The ground floor accommodation extends 2,336 sq.ft and offers a mix of retail and ancillary areas.
Lease details
Currently let to The Works Stores Limited on an effective Fri lease via a service charge. The tenant has recently signed into a new 5 year lease, details below:
Tenant - The Works Stores Limited
Term - 5 years from 10th December 2025
Break - 10th December 2028
Passing rent - £33,000 pax
The upper floors comprise four flats, each previously sold on a long leasehold basis at a peppercorn rent.
Tenure
Freehold.
Asking price
We have been instructed to seek offers of £350,000 which returns a Net Initial Yield of 9.04% assuming purchasers costs of 4.25%.
VAT
All figures are exclusive of VAT, where applicable.
Money laundering
Following agreement of the Heads of Terms, the proposed Tenant or Purchaser shall be required to supply all information and documentation necessary to comply with applicable Anti-Money Laundering (aml) regulations.
EPC rating
The property has an EPC rating of b-37.
The property is situated on High Street, within the town of Cardigan. High Street is the main retail area within the town offering a mix of national and independent retailers
including Specsavers, HSBC Bank, and WHSmith. Cardigan is the second largest town in Ceredigion and is close to the A487, an arterial route linking multiple towns along
the west coast of Wales. Cardigan is approximately 40 to the South West of Aberystwyth and 26 miles North-West of Carmarthen.
Description
The subject property comprises a 4-storey mid terrace building within the town centre of Cardigan. The ground floor accommodation extends 2,336 sq.ft and offers a mix of retail and ancillary areas.
Lease details
Currently let to The Works Stores Limited on an effective Fri lease via a service charge. The tenant has recently signed into a new 5 year lease, details below:
Tenant - The Works Stores Limited
Term - 5 years from 10th December 2025
Break - 10th December 2028
Passing rent - £33,000 pax
The upper floors comprise four flats, each previously sold on a long leasehold basis at a peppercorn rent.
Tenure
Freehold.
Asking price
We have been instructed to seek offers of £350,000 which returns a Net Initial Yield of 9.04% assuming purchasers costs of 4.25%.
VAT
All figures are exclusive of VAT, where applicable.
Money laundering
Following agreement of the Heads of Terms, the proposed Tenant or Purchaser shall be required to supply all information and documentation necessary to comply with applicable Anti-Money Laundering (aml) regulations.
EPC rating
The property has an EPC rating of b-37.
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Monthly repayment
£1,750 per month
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