4-9 Broadway, Pontypridd, Rhondda Cynon Taf, CF37 1BA
Guide Price* : £950,000 plus
Mixed Use Investment Comprising Nightclub, Offices Let To The Secretary Of State and Public House (LLH)
- Mixed Use Investment Property
- Total NIA 2,158 sq m (23,225 sq ft) over basement, ground, first and second floors
- Parking for 23 vehicles
- WAULT of 13.37 years to expiry and 11.08 years to break
- Current income £125,832 per annum
- For Sale by Online Auction, If Not Sold Prior
The property comprises a substantial detached fully let mixed leisure and office building, which is located within Pontypridd Town Centre. The building was the former Post Office and Sorting Office. Part has been let to to J.D. Wetherspoon Plc and is trading as a Wetherspoon’s Freehouse, known as Tavern Y Tumble (The Tumble Inn) on a long Leasehold basis.
There is a further ground floor and basement leisure unit which is let to Club Ice Nightclub.
The remainder of the building comprises office accommodation, which is arranged over part basement, part ground and two upper floors and is let to the Secretary of State for Communities and Local Government (National Probate Service).
The original building c 1930 was extended significantly possibly in the 1950’s/1960’s, with a two-storey section extending around the rear in a horseshoe style shape, with a large single-storey infill section.
There is a loading area down the left hand side which is for the use by Wetherspoons and there is a car park (23 spaces) which is accessed down the right hand side which is in use by the office accommodation. Access to the Probation Office is to the left hand side of the entrance to the Wetherspoons Pub which leads into a ground floor lobby, with stairs and lift to the upper floors.
The Ice Nightclub has direct access from the front elevation.
Pontypridd sits 12.2 miles north of Cardiff and 7.2 miles north of J33 M4. There is direct access to Cardiff and the M4 via the A470 with car journey times of around 27 minutes. There is also a direct train line to Cardiff Central with commute times of 39 minutes Pontypridd railway station. Pontypridd serves the more rural towns and settlements of Rhondda Cynon Taf county as well as providing employment with public sector services such as Transport for Wales Headquartered in the town.
The property occupiers a prominent position on Broadway when arriving from the south of the town via the A470 from the M4. The property is situated opposite Pontypridd Railway Station and adjacent to the River Taff with views over Ynysangharad War Memorial Park and sports fields. Nearby occupiers include Kwikfit, Tesco Express, Sports Direct and Dewi Sant Hospital.
The property is available on a freehold basis. Part ground floor and part two upper floors has been let to J D Wetherspoon PLC on a long leasehold basis- ground floor outlined blue on the plan. Full details and Title plan available in the Legal Pack.
The Secretary of State for Housing, Communities & Local Government provides key support functions for the area. They have been based in the subject property for 20 years offering probationary services for Pontypridd and surrounding areas.
Club Ice - is open Thursdays - Sundays (Bank holidays) and is the premium destination for late night entertainment in the town with a 4am license. Club Ice has been trading on the site since 2017 with a lease renewal signed in 2021 for a term expiring in 2036 with break option 2028.
Rhondda Cynon Taf County Borough Council (www.rctcbc.gov.uk).
VAT is applicable at the prevailing rate
Energy Performance Certificate
Unit 1, 4-9 Broadway, Pontypridd (Weatherspoons) - E: 125
Unit 2, 4-9 Broadway, Pontypridd (Club Ice Nightclub) – D: 82
4-9 Broadway, Pontypridd (National Probation Service) – D: 94
|Floor||Use||SQ M||SQ FT||Tenant||Lease Terms||Rent £ PA|
|Part Ground & Basement||Nightclub||455.04||4,898||Mark Parry (T/A Club Ice)||Expiry 05/09/2036 (Lease Break 2028)||£36,000|
|Part Ground Floor, 1st Floor Mezzanine & 2nd Floor||Public House||625.89||6,737||J D WETHERSPOON PLC||Expiry 03/10/2128||Peppercorn|
|Part Basement, Part Ground, 1st and 2nd Floor||Office||1,076.56||11,588||Secretary of State for Housing, Communities and Local Government||Expiry 13/06/2034
RR 14/06/2024 & 14/06/2029
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2023
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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