The subject premises comprises a four-storey, mid terraced, retail unit situated within the prime retail area of Neath town centre.
The premises accommodates a ground floor sales area with a restricted shop depth of 5.58m (18’2″), which is supported by storage/ office accommodation over the remaining upper floors.
The subject premises is located within the pedestrianised area of Green Street within the prime retail area of Neath town centre. Established occupiers within the immediate vicinity include Marks & Spencer, Specsavers, The Works and Savers.
The property provides the following approximate dimensions and areas:
Sales Area: 20.75 sq.m (223.35 sq. ft.)
Shop Depth: 5.58m (18’2″)
Internal Width: 3.72m (12’1″)
Net Internal Area: 21.24 sq.m (228.62 sq. ft.)
Storage/ Office: 6.35m x 3.35m
Net Internal Area: 14.32 sq.m (154.14 sq. ft.)
Front Room: 3.35m x 2.31m
with door to w.c. facilities
Kitchen: 2.82m x 1.60m
Net Internal Area: 17.56 sq.m (189.01 sq. ft.)
Store (Front): 3.41m x 2.83m
Store (Rear): 2.28m x 3.47m
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £7,300
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 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.
All figures quoted are exclusive of VAT (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