9 PRIME PITCH9 RE-BASED RENTALS9 NATIONAL RETAILERS9 ATTRACTIVE YIELD PROFILE

Three & Age Cymru 89/90 & 91 Taff Street, Pontypridd, CF37 4SL

LOCATIONPontypridd is a busy market town inSouth Wales, located 12 miles north ofCardiff. It is the county town ofRhonnda Cynon Taff with a catchmentpopulation of 114,000 living within a 15minute drive. In addition, retail spend isboosted with Pontypridd being home to16,000 students of the University ofSouth Wales.The town benefits from excellent roadlinks being adjacent to the A470 dualcarriageway, the main route that linksCardiff and the M4 motorway (Junction32) located 10 miles to the South.Pontypridd train station provides afrequent direct service to Cardiff taking30 mins. Cardiff Airport is 17 milesSouth of Pontypridd.

INVESTMENT HIGHLIGHTS

� Pontypridd is a busy market town in South Wales, 12 miles north of Cardiff

� Prominent well configured retail units� Located in 100% prime Taff Street� Re-based rentals � Let to Hutchison 3G Uk on a new 5 year term at

£18,300 per annum and Age Cymru until 1/6/2019 at £35,000 per annum.

� � � �

SITUATIONThe subject property occupies a prominentposition at the junction of Taff Street andMarket Street in 100% prime pitch. Taffstreet is anchored by strong footfallgenerators including: Superdrug, Barclays,Boots, B&M Bargains and Costa, as well asbeing supported by a bustling market.

Totalincome£53,300perannumWAULTof2.7yearstermcertainFreeholdOffersinexcessof£510,000subjecttocontractandexclusiveofVAT,equatingtoaNetInitialYieldof 10.00%afterstandardpurchaserscosts.

TENANCYThe property is fully let to two tenantsproducing an annual income of £53,300with a WAULT of 3.4 years term certain

89/90 Taff Street:The ground and first floors are let on FRIterms to Age Cymru on a 5 years termexpiring on 1 June 2019 at a rent of£35,000 per annum. The lease iscontracted outside the 1954 Act.Schedule of condition. The rent reflects£34 psf ITZA for the ground floor. Wehave adopted a rate of A/20 on the 1st

floor area.

90 Taff Street:The ground and basement floors are leton FRI terms to Hutchison 3G UK on anew 5 year term expiring 25th June 2022.The rent has recently been re-based to£18,300 per annum reflecting £52.00 psfITZA on the ground floor. Vendor to top-up the 3 month rent free from 25/3/17.

COVENANT INFORMATIONThe income is highly secure from establishedtenants

Age Cymru is the leading charity for all older peoplein Wales. They campaign, research fundraise tomake sure we build a better life for all older people.Age Cymru is part of the Age UK network which is aUK Charity who to the year ending 31/3/2015 had anincome of £174m, net contribution of £90.1m andhave over 520 charity shops in the UK.For the financial year ending 31/3/2016 theiraccounts detail a turnover of £3.85m, a pre tax lossof -£128,544 and shareholders funds of £1.63m.

Hutchison 3G UK is a telecommunications andinternet service provider operating in the UnitedKingdom. For the year ending 31/12/2015 theiraccounts detail a turnover of £2.513bn and a loss of£123m. Hutchison 3G UK Limited is wholly owned byHutchison Whampoa which was a Fortune Global500 company and one of the largest companies listedon the Hong Kong Stock Exchange

ACCOMMODATIONThe property has been measured inaccordance with the RICS Code ofMeasuring Practice and provides thefollowing Net Internal Areas

DESCRIPTION SQ M SQ FT

ITZA 96.79 1042

Ground Floor 141.38 1,522

1st Floor 210.03 2,260

Total 351.41 3,783

DESCRIPTION SQ M SQ FT

ITZA 45.6 490.50

Ground Floor Sales 77.5 834

Ground Floor Ancillary 2.7 29

Basement (un-useable) 221.0 2,379

Total 301.2 3,242

VATThe property is elected for VAT.

PRICEOffers in excess of £510,000 subject tocontract and exclusive of VAT. A purchase atthis price will provide a Net Initial Yield of10.00% assuming standard purchaserscosts.

FURTHER DETAILS

PETER FLANDERSSIMON MARTINJOHN BLACKWELLTel: 020 7409 7828

peter.flanders@joinercummings.co.uksimon.martin@joinercummings.co.ukjohn.blackwell@joinercummings.co.uk

Disclaimer Notice: Messrs Joiner Cummings for themselves and (and their joint agents where applicable) for the vendors or lessors of this property whose agents they are give notice that; (i) the particulars are set out as a general outline for the guidance of the intending purchasers and do not constitute part of an offer or contract; (ii) all descriptions, dimension references to condition and necessary permissions for use and occupation andother details are given in good faith and are believed to be correct, but are given without responsibility and any intending purchasers or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them; (iii) all plant, machinery, equipment, services and fixtures and fittings referred to in these particulars were present at the date of preparing theseparticulars, they have not however been tested and therefore we give absolutely no warranty as to their condition, operation or fitness for the purpose of an intending occupier or purchaser; (iv) no investigations have been undertaken by Joiner Cummings in respect of asbestos, issues concerning pollution and potential land, building, air or water contamination and any intending purchasers or tenant must satisfy themselves by inspection.(v) unless otherwise stated, all prices rents and other charges are quoted exclusive of Value Added Tax (VAT) and any intending purchaser or tenant must satisfy themselves as to the incidence of VAT in respect of any transaction; (vi) no person in the employment of Joiner Cummings has any authority to make or give any representations or warranty whatever in relation to this property; (vii) no responsibility can be accepted for anyexpenses incurred by intending purchasers in inspecting properties which have been sold, let or withdrawn.

TENUREThe property is held freehold. A copy of theregistered title is available on request.

INVESTMENT CONSIDERATIONS• Well configured units• Prime pitch• Re-based rentals• National retailers• Strong tenant covenant profile• Attractive yield profile

The date of this publication is Sep 2017