The property comprises a two-storey commercial premises, which provides a prominent position on a busy main road location with Morriston. The premises is currently occupied for use as a hair salon, which has also been previously occupied as a café/ restaurant as well as offices.
Internally, the premises comprises a small retail area over the ground floor, accessed directly off the main pedestrian walkway from Woodfield Street. The remainder of the property, which is situated over the first floor, comprises the main sales area, supported by additional staff kitchen, storage and W.C facilities.
A small mezzanine area is also available to the front and accessed directly off the main sales area at first floor.
Please be advised that designated parking is also available to the rear, which will be subject to prior negotiation.
The property is located along Woodfield Street, which is situated within Morriston Town Centre. Morriston is situated approximately 4 miles north of Swansea City Centre within 2 miles from the M4 Motorway (J45).
Established occupiers within the immediate vicinity include retailers such as Lloyds TSB, HSBC, Peacocks and Savers Health & Beauty.
The property provides the following approximate dimensions and areas:
Net Internal Area: 127.95 sq.m (1,377.25 sq. ft)
Sales: 17.17 sq.m (184.82 sq. ft)
Shop Depth: 3.15m (10’3″)
Internal Width: 5.45m (17’9″)
Dining Area: 75.78 sq.m (815.70 sq. ft)
Kitchen: 10.17 sq.m (109.47 sq. ft)
Store Room 1: 5.97 sq.m (64.26 sq. ft)
Store Room 2: 6.04 sq.m (65.01 sq. ft)
Mezzanine Area: 12.82 sq.m (137.99 sq. ft)
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £5,400
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 (where 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