Restaurant/cafe to let

The subject property comprises a self-contained ground floor retail unit, which was previously occupied for use as a banking premises (Use Class A2), situated within the sough after area and suburb of Uplands, along of the edge of Swansea city centre.

We further advise that the premises has since been granted planning permission for the change of use to accommodate a café, bar or restaurant (A3 Use Class), comprising a more superior shop front incorporating bi-fold windows and a sales entrance, with additional external covers over the front elevation (Planning Ref: 2021/0596/ful).

The main ground floor sales area also benefit from a gross sales depth of 18.47 metres, which is masked slightly by some load bearing walls. The main sales area is also supported by ancillary accommodation to the rear.

The unit is currently presented in a shell condition but Landlord's works will be undertaken to satisfy any proposed requirements (subject to contract).

Description

The subject property comprises a self-contained ground floor retail unit, which was previously occupied for use as a banking premises (Use Class A2), situated within the sough after area and suburb of Uplands, along of the edge of Swansea city centre.

We further advise that the premises has since been granted planning permission for the change of use to accommodate a café, bar or restaurant (A3 Use Class), comprising a more superior shop front incorporating bi-fold windows and a sales entrance, with additional external covers over the front elevation (Planning Ref: 2021/0596/ful).

The main ground floor sales area also benefit from a gross sales depth of 18.47 metres, which is masked slightly by some load bearing walls. The main sales area is also supported by ancillary accommodation to the rear.

The unit is currently presented in a shell condition but Landlord's works will be undertaken to satisfy any proposed requirements (subject to contract).

Location

The property is situated fronting Uplands Crescent in Swansea City Centre.

The property is situated in a prominent position in the busy local shopping area of the Uplands, which forms part of a parade of shops and established businesses serving the local residents and passing trade.

The Uplands is an established retail area approximately one mile from Swansea City Centre with a large residential population surrounding. Uplands is also considered to be a popular sought after residential and commercial location.

Accommodation

The subject premises affords the following approximate dimensions and areas:

Ground floor

Net Internal Area: 143.52 sq.m (1,544.84 sq. Ft.)

Sales Area: 98.01 sq.m (1,054.97 sq. Ft.)

Shop Depth: 18.47m (60'7”)

Internal Width: 5.75m (18'10”)

Sales (itza): 58.74 sq.m (632.27 sq. Ft.)

Customer W.C. Facilities
yet to be installed

Ancillary: 45.51 sq.m (489.86 sq. Ft.)

Rates

The Rateable Value in respect of the proposed ground floor retail unit has yet to be determined based on its permitted use and layout but we note that the subject premises comprises the following historic rating assessment.

The Rateable Value (2017): £11,000

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 2023. 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

Please be advised that all figures quoted are exclusive of VAT (if applicable).

Terms And Tenure

The premises is available 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: