Retail premises to let

The subject property comprises a large double fronted mid terraced retail unit, which was previously occupied for use as a banking premises. We note that the subject property is currently arranged as a three storey premises but advise that only part of the ground floor accommodation is being offered to let.

The retail accommodation can be accessed off the standard sales display window unit, leading to a slightly elevated sales area via an access ramp and a number of internal steps to the front. The remaining accommodation comprises a number of cellular rooms located to the rear.

Additional parking is also available in the form of various designated parking spaces (approximately 4), located within the secure yard area/ compound directly to the rear of the unit, off Llynfi Road to the west.

Description

The subject property comprises a large double fronted mid terraced retail unit, which was previously occupied for use as a banking premises. We note that the subject property is currently arranged as a three storey premises but advise that only part of the ground floor accommodation is being offered to let.

The retail accommodation can be accessed off the standard sales display window unit, leading to a slightly elevated sales area via an access ramp and a number of internal steps to the front. The remaining accommodation comprises a number of cellular rooms located to the rear.

Additional parking is also available in the form of various designated parking spaces (approximately 4), located within the secure yard area/ compound directly to the rear of the unit, off Llynfi Road to the west.

Location

Maesteg is situated at the northernmost end of the Llynfi Valley, close to the border of Neath Port Talbot.

The town is approximately 7 miles west of Port Talbot, 9 miles north of Bridgend and 27 miles north-east of Cardiff.

The property itself is located within the heart of the town and occupies a prominent position on Talbot Street where there is a good range of local and national occupiers. Major retailers within the immediate local vicinity include Card Factory, Greggs, Specsavers and New Look.

Accommodation

The subject property affords the following approximate dimensions and areas:

Ground floor

Net Internal Area: 199.10 sq.m (2,143.22 sq. Ft.)

Sales Area: 168.84 sq.m (1,871.39 sq. Ft.)

Shop Depth: 13.17m (43’3”)
Internal Width: 13.94m (45'9”)

Ancillary: 27.16 sq.m (292.35 sq. Ft.)
Comprising two cellular office rooms.

Areas to be excluded:

Rear Sales Area: 59.50 sq.m (640.45 sq. Ft.)
with stairs to first floor.

Strong Room: 20.13 sq.m (216.67 sq. Ft.)

Store Room: 6.19 sq.m (66.62 sq. Ft.)

Rates

As stated on the voa website the Rateable Value for the subject premises is as follows:

Rateable Value (2017): £30,750

Please be advised that the current Rateable Value is based on the assumption that the subject premises is let in its entirety. We therefore advise a reassessment will be required to determine the Rateable Value based on the proposed areas to be occupied.

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2021/22 the multiplier will be 0.535.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Vat

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).

Terms & Tenure

Our client’s interest is available by the way of a new effective Full Repairing and Insuring Lease (under terms to be negotiated).

We further advise that the entire premises may also available to let, subject to the necessary negotiations.

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email: