The premises comprises a ground floor self-contained converted office suite, which has been subdivided to accommodated three cellular office rooms supported by staff kitchen and w.c facilities.
The premises has been refurbished and adapted to accommodate a suitable office specification which includes carpet flooring throughout, Cat II lighting, data cabling and a security alarm.
Although the subject premises does not afford designated on site car parking facilities, sufficient off street car parking is available to the front elevation.
The premises is located along Regent Street East within Briton Ferry, which is a popular suburban area to the south of Neath Town Centre.
Although the immediate vicinity accommodates residential housing in the majority, the premises affords ease of access to the main A474, A48 and the M4 Motorway (J42) and is therefore ideally located for its intended use as offices.
The subject premises is a short driving distance to Neath town centre, which is less than 2 miles away.
The property provides the following approximate dimensions and areas:
Offices: 42.28 sq.m (455 sq. ft.)
Office 1: 4.70m x 3.14m
Office 2: 2.96m x 3.25m
Office 3: 2.96m x 3.50m
Ancillary: 6.97 sq.m (75 sq. ft.)
Staff Kitchen: 4.25m x 1.64m
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £2,375
From April 2018 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2018-19 the multiplier will be 0.514.
Rates relief for small businesses in Wales will apply up to 31st March 2019. Rates relief for small business with a rateable value up to £6000 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 www.voa.gov.uk.
VAT is yet to be confirmed.
Our client’s interest is available by the way of a new effective Full Repairing and Insuring Lease (under terms to be negotiated).
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850