21-22 Castle Street, 21-22 Castle Street, Tredegar | Property for sale | Savills
Guide price £125,000(3 775 495 CZK)

21-22 Castle Street21-22 Castle Street, Tredegar

  • New
  • Sole agency
  • Freehold
Investment
Yield 15%Yield

Key features

  • High Yielding Retail Investment
  • Let to Barclays Bank Plc
  • 20 Year Lease Expiring 09/04/2028
  • Current Rent - £18,100 per annum
  • Asset Management/Development Potential (stp)
  • 6,706 sq ft (623 sq m)
  • VAT-Free Investment
  • Investment Let at £18,100 p.a. (14.5% GIY on Guide Price)

High Yielding Retail Investment on a Prominent Corner Pitch VAT-Free Investment Let to Barclays on a 20 Year Lease Expiring 09/04/2028 and paying £18,100 p.a.

About this property

  • The property comprises a high yielding retail investment let to the undoubted covenant of Barclays Bank and occupying a prominent corner position. Arranged across ground, first and second floors, the property is fully let to Barclays Bank Plc on a 20 year lease expiring 09/04/2028 and paying £18,100 per annum. The property may be suitable for medium/long term development or conversion to alternative uses, including residential, subject to obtaining the requisite consents.

Additional information

  • The property is fully let to Barclays Bank Plc on a 20 year lease expiring 09/04/2028 and paying £18,100 per annum.
  • The lease is on full repairing and insuring terms and is contracted within the Security of Tenure provisions of the Landlord and Tenant 1954 Act. A schedule of condition is appended to the lease.
  • Barclays Bank Plc
  • D&B Rating - 5A1
  • Turnover (2023) - £39.1bn
  • Pre-Tax Profit (2023) - £4.2bn
  • Shareholders Funds (2023) - £60.5bn