The premises comprises a two storey retail unit situated within a prime retail location along the pedestrianized area within Neath town centre.
The property accommodates a ground floor sales area with ancillary accommodation, together with staff w.c. facilities over first floor.
The subject premises is situated along Angel Street within Neath town centre. Angel Street is situated within a busy town centre location, whereby the subject premises is situated within a short walking distance to Morrisons Supermarket car parking, which affords a busy footfall.
Neath is an established business location and retail centre, which accommodates a number of national retailers. Occupiers within the immediate vicinity include Cash Generator, RSPCA, Ramsdens and Morrisons Supermarket, which is located approximately 50 metres to the west.
The property provides the following approximate dimensions and areas:
Sales Area: 34.45 sq. m (370.88 sq. ft.)
Shop Depth: 8.52m (27’11”)
Internal Width: 4.57m (15’0″)
Net Frontage: 4.23m (13’10”)
Ancillary: 18.62 sq. m (200.42 sq. ft)
Staff Kitchen/ Store: 4.86m x 5.06m
with sink drainer
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £7,200
From April 2019 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2019-20 the multiplier will be 0.526.
Rates relief for small businesses in Wales will apply up to 31st March 2020. 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.
All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).
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