The subject premises comprises a total of four office rooms and a staff kitchen, arranged over the first and second floors. Additional w.c. facilities can also be located over the ground floor entrance hallway.
The property can be accessed directly off the main pedestrian walkway to the front, over the ground floor, with the pedestrianised retail area of Station Road being approximately 100 metres from the subject premises.
A small courtyard is available to the rear, which can only be used as a means of escape and does not comprise any designated parking.
The premises is located directly off Station Road, which comprises a popular parade of retail units occupied by a number of established retailers.
The immediate area also affords a high traffic of footfall with links to the main pay and display public car park to the rear of Station Road, while the popular Aberavon Shopping Centre is a short walking distance from the subject premises.
Port Talbot and furthermore the subject premises affords ease of access via the main A48. The M4 Motorway (Junctions 40-41), which is approximately 1 mile from the premises. The main train station is also located within close proximity to the subject premises along the main intersection approaching Station Road.
The property provides the following approximate dimensions and areas:
Entrance Hallway/ W.C. Facilities
Offices: 36.60 sq.m (393.96 sq. ft.)
Staff Kitchen: 8.08 sq.m (86.97 sq. ft.)
Offices: 33.61 sq.m (361.87 sq. ft.)
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £4,450
From April 2018 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 therefore advise that the subject premises is eligible for 100% rates relief, subject to satisfying the necessary criteria.
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