High Street Bank Leased Investment Property in Neath Town Centre Offering 8.47% Yield
Neath, Neath Port Talbot
- Status
FOR SALE
- Advert ID
615360
- Reference
95015 / Rightbiz
- Call Agent:
- Freehold: £275,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Open Plan Trading Area
- Potential for Alternative Use
- Adjacent to Multiple Retailers
- Town Centre location
- Prime Location
- Established Business
- Attractive Business
- Close to Local Amenities
Business Details
NEATH TOWN CENTRE STONE FRONTED INVESTMENT PROPERTY LET TO HIGH STREET BANK WITH A YIELD OF 9.09%%
Let to ‘blue chip’ High Street bank tenant
Large, prominent, stone faced building
Five year lease agreement expiring 29 August 2028
Busy location opposite train station
Extensive accommodation
The market town of Neath sits on the banks of the River Neath, within the Neath & Port Talbot County Borough being historically Glamorgan. It is a strategic location with the ford crossing the River Neath, but is still well positioned being at the junction of the M4 and A465 Heads of the Valley Road which provide easy access throughout South Wales, and north into the Brecon Beacons National Park. The town has a population of 50,000 and is a commercial and economic centre for the surrounding area, and only 7 miles north-east of the larger city of Swansea, and the beautiful Gower Peninsula.
5 Windsor Road is a prominent, dressed stone fronted building which is constructed in the main of block and brick underneath a pitched slate roof. It has been occupied by Lloyds Bank PLC for a number of years and purpose built as a high street bank. It offers extensive accommodation.
The property may suit a change of use, subject to vacant possession and planning consent, as it sits at the heart of Neath's leisure circuit close to JD Wetherspoons and a number of other licensed outlets.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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