High Yielding Multi-Let Retail Investment

The property comprises a high yielding, multi-let, retail investment with vacant upper parts and occupying a prominent corner pitch. Arranged as two ground floor retail units with separately accessed first and second floors, the property is let to two tenants and producing a gross rent of £18,500 per annum. Number 8 Canon Street is let to Oasis Communications trading as Get Connected on a recently renewed five-year lease expiring 21.09.2030 and paying £6,000 per annum, with the tenant being a long-standing occupier of over 20 years operating 50+ stores nationally. Number 9 Canon Street is let to Outlet Wholesale Limited on a five-year lease expiring 31.07.2027 and paying £12,500 per annum, offering potential for asset management via lease renewal. The upper floors benefit from separate access from Whitcombe Street and offer asset management potential via letting or alternative use conversion, subject to obtaining all necessary consents. The property occupies a prominent corner position with frontages to both Canon Street and Whitcombe Street, situated near the pedestrianised Commercial Street within the principal retail amenity of Aberdare, with nearby occupiers including B&M, The Works, and Greggs. Accommodation comprises: Ground Floor Number 8 at 645 sq ft (60 sqm); Ground Floor Number 9 at 1,722 sq ft (160 sqm); and First and Second Floors Number 8/9 at 3,369 sq ft (313 sqm), providing a total area of 5,737 sq ft (533 sqm). Tenure is Leasehold, and the investment is VAT-free.