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Pontypridd is located in Mid Glamorgan, South Wales, approximately 12 miles north west of Cardiff, 13 miles south of Merthyr Tydfil and 21 miles west of Newport.

The town benefits from being adjacent to the A470 dual carriageway, this route being the main access linking to the M4 Motorway at Junction 32 which is some 10 miles to the south. Furthermore, the A465 Heads of the Valleys dual carriageway is located 13 miles to the north of Merthyr Tydfil.

The town’s railway station provides a regular service to Cardiff with a journey time of approximately 30 minutes. Cardiff Airport is located some 18 miles south of the town.

The property has been measured by BKR Floor Plans and provides the following accommodation:

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £745 + VAT.

Units 1 & 2 was let to WH Smith Retail Holdings from 2 September 2016 until 1st September 2021 at a current rent of £60,000 per annum. The administrators have renewed the lease with the tenant on the following basis: rent at £12,000 per annum, 5 year term, service charge and rates payable by the tenant, landlord’s rolling break option on 3 months’ notice (excluding Christmas), tenant’s break option with effect from 31st March 2024.

Unit 3 is let to The Works Stores Limited from 11th October 2018 until 10th October 2028. The lease incorporates a tenant’s break clause on 11th October 2023. The current passing rent is £27,500 per annum.

Units 4 & 5 are let to Poundland Limited from 16th May 2016 until 15th May 2026 at a current rent of £122,500 per annum.

In summary, the current income is as follows:
• WH Smith Retail Holdings Limited £12,000
• The Works Stores Limited £27,500
• Poundland Limited £122,500
• Total £162,000

The recent lease renewal by the administrators in respect of units 1 & 2 provides a purchaser with time to seek a new tenant on a longer-term occupational basis, hence an ability to increase the total rental income.

WH Smith Retail Holdings Limited (Co. No 471941) has reported the following figures:

WHSmith is one of the longest standing chain stores in the world, being founded 230 years ago. The brand is now one of the leading retail groups and household names in the United Kingdom.

With over 540 high street stores in the United Kingdom including over 200 Post Offices within their shops, WH Smith employs around 11,000 staff. In addition to their high street stores the company is one of the world’s leading travel retailers operating in over 150 UK air units, over 130 UK hospital units and over 290 rail units.

WH Smith PLC is listed on the London Stock Exchange and is part of the FTSE mid 250 Index. For further information visit www.whsmith.co.uk.

The Works Stores Limited (Co. No 06557400) has reported the following figures:

The ultimate parent company is The Works.co.uk, listed on the London Stock Exchange.

Established in 1981, The Works is one of the UK’s leading multi-channel specialist retailers of value gifts, arts, crafts, toys, books and stationery. The company has over 500 stores throughout the UK & Ireland with over 3,600 employees. In 2021 it was voted 13th in the “Best Big Companies To Work For” Survey.

Their stores can be found on high streets, in retail parks, shopping centres and as concessions in various locations. The company also has a significant and growing online presence with its multi-channel offering, one of the first of its kind in the value retail sector, including a popular Click & Collect service, offering further convenience for customers.

For the year ending 1st May 2022 The Works.co.uk reported a strong trading performance, well ahead of pre-COVID levels. Total sales for the Period increased by 12.7% compared to FY20 (i.e. compared to two years ago). Two-year LFL sales increased by 10.4%, with positive growth continuing both online and in stores. The Group ended the Period in a strong financial position, with net cash of £16.3 million. For further information see www.theworks.co.uk.

Poundland Limited (Co. No 2495645) has reported the following figures:

Established in 1990, Poundland offers thousands of quality products, from food and drink to homeware and garden supplies, to over seven million customers every week. For the Period ending September 2020 the company traded from 825 stores in the UK and Republic of Ireland.

The company is a subsidiary of Pepco Group, the fastest growing, multi-format, pan European discount variety retailer. Through its retail brands – PEPCO, Poundland and Dealz – the com Group trades from over 3,500 stores in 17 territories across Europe, serving 50 million shoppers each month. For further information see www.pepcogroup.eu.

1. An opportunity to acquire a substantial retail block within Pontypridd’s town centre;

2. The property occupies a prominent and large site;

3. The property is currently let to well-known and secure covenants;

4. The investment is available at a high initial yield;

5. Active management is available to improve the income and increase the yield;

6. Attractive lot size.