Marketed by
TSA Property Consultants
Glasgow
3rd floor, 162 Buchanan St, Glasgow G1 2LL
Available
1 of 5
£275,000
16 High Street, Chepstow, NP16 5LQ
4618 sq. ft (429.03 m²)
Key features
- * Passing Rent: Current rent £24,500 p.a.
- * Substantial accommodation of approximately 4,618sq ft (429sqm) arranged over ground and first floors
- * Secure tenancy – 5-year FRI lease from September 2023 with tenant break option now lapsed
- * Excellent connectivity – Rail station just 500m away with direct links to the M4 motorway corridor
- * Price: o/o £275,000
Description
The property comprises a well-configured town centre retail unit arranged over ground and first floors, with additional lower ground floor plant space. Extending to approximately 4,618sq ft (429sqm) in total, the accommodation provides generous ground floor sales space of 224.4sqm, complemented by first floor storage and staff facilities of 204.6sqm.
The building benefits from a traditional shop front onto the busy High Street together with practical rear servicing access from Upper Nelson Street. It is currently trading successfully as TG Jones and forms part of a strong parade of retail and leisure occupiers in this popular historic town centre location.
Investment Summary
The property is let to TG Jones Retail Holdings Limited (formerly WH Smith Retail Holdings Limited) on a new 5-year Full Repairing & Insuring lease from 29 September 2023. The current rent is £24,500 per annum with the next reversion in 2028. The tenant previously held a break option in September 2026 which was not exercised, providing income security through to the end of the term.
TG Jones Retail Holdings Limited reported a turnover of £221,457,000 for the year ended 31 August 2024, together with a pre-tax profit of £179,808,000. The business operates approximately 470 stores nationwide and employs over 5,000 colleagues, demonstrating substantial scale and covenant strength.
The building benefits from a traditional shop front onto the busy High Street together with practical rear servicing access from Upper Nelson Street. It is currently trading successfully as TG Jones and forms part of a strong parade of retail and leisure occupiers in this popular historic town centre location.
Investment Summary
The property is let to TG Jones Retail Holdings Limited (formerly WH Smith Retail Holdings Limited) on a new 5-year Full Repairing & Insuring lease from 29 September 2023. The current rent is £24,500 per annum with the next reversion in 2028. The tenant previously held a break option in September 2026 which was not exercised, providing income security through to the end of the term.
TG Jones Retail Holdings Limited reported a turnover of £221,457,000 for the year ended 31 August 2024, together with a pre-tax profit of £179,808,000. The business operates approximately 470 stores nationwide and employs over 5,000 colleagues, demonstrating substantial scale and covenant strength.
Reference: 379457_sales
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Marketed by
TSA Property Consultants
Glasgow
3rd floor, 162 Buchanan St, Glasgow G1 2LL
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