Retail premises to let

The subject property comprises a large ground floor retail unit, previously occupied for use as a licensed premises. The main sales area has also been sub-divided in part to accommodate a cellar store over the left hand side elevation. Ancillary accommodation is also available over the first floor, comprising a former catering kitchen and various storage rooms.

No designated parking facilities are available, however, we do advise that the subject premises is located along an established parade of commercial units, along the prime retail area of Woodfield Street.

Description

The subject property comprises a large ground floor retail unit, previously occupied for use as a licensed premises. The main sales area has also been sub-divided in part to accommodate a cellar store over the left hand side elevation. Ancillary accommodation is also available over the first floor, comprising a former catering kitchen and various storage rooms.

No designated parking facilities are available, however, we do advise that the subject premises is located along an established parade of commercial units, along the prime retail area of Woodfield Street.

Location

Woodfield Street is the main/primary trading location in Morriston, which is an established urban district, approximately 3.5 miles north of Swansea City Centre. The character of the surrounding area is predominantly commercial in nature.

Neighbouring occupiers include Wilko, Dominos, Lextan and Spar, as well as a number of local independent traders.

The Tawe Vale and Swansea Enterprise Park commercial developments are located close by and Junction 45 of the M4 motorway is approximately 1.5 miles to the north, via the A4067.

Accommodation

The subject premises affords the following approximate dimensions and areas:

Ground floor

Net Internal Area: 217.90 sq.m (2,345.47 sq. Ft.)

Sales Area: 160.96 sq.m (1,732.65 sq. Ft.)

Shop Depth: 22.14m (72'8")

Net Frontage: 6.77m (22'3")

Stores: 56.94 sq.m (612.98 sq. Ft.)

First floor

Net Internal Area: 97.25 sq.m (1,046.79 sq. Ft.)

Mezzanine: 45.73 sq.m (492.23 sq. Ft.)

Rear Stores: 51.52 sq.m (554.47 sq. Ft.)

W.C. Facilities

Rates

The Rateable Value has yet to be determined.

The previous Rateable Value in the subject premises, from 1 April 2010 to 26 January 2016 was £8,000.

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2022/23 the multiplier will be 0.535.

Rates relief for small businesses in Wales will apply up to 31st March 2022. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

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 (if applicable).

Terms & Tenure

The premises is available To Let on a new effective full repairing and insuring lease (under terms to be negotiated).

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email: