The subject premises comprises a mid terraced, three-storey, commercial building currently occupied for use as offices. We advise that the premises was previously occupied as professional offices and has recently been refurbished.
Internally, the premises comprises an open reception area supported by various size private office rooms together with additional staff kitchen and w.c facilities arranged over both ground and first floor. We therefore advise that the subject premises has the potential to be sub-divided on a floor-by-floor basis.
No designated parking is available on site.
The property is situated along Murray Street within Llanelli town centre.
The immediate vicinity is considered to be one of the main professional sector within the town with the majority of estate agents, solicitors and financial institutions located here.
The property provides the following approximate dimensions and areas:
Net Internal Area: 48.82 sq.m (525.49 sq. ft.)
Reception Area: 3.97m x 8.74m
Office 1: 2.08m x 4.40m (plus bay window to side).
Staff Kitchen: 2.28m x 3.14m.
Net Internal Area: 45.05 sq.m (484.92 sq. ft.)
Office 2 (front): 5.63m x 3.89m
Office 3 (rear): 3.68m x 3.81m
Staff Kitchen: 2.98m x 3.55m
Net Internal Area: 27.03 sq.m (290.99 sq. ft.)
Office 4 (front): 5.27m x 3.79m (max)
Office 5 (rear): 3.24m x 3.06m
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Office (Front) – £1,300
Office (Rear) – £940
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 2019. Rates relief for small business with a rateable value up to £6,000 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).
Alternatively the subject premises could be acquired on a Long Leasehold interest for a minimum term of 99 years (subject to Landlord’s consent) with vacant possession.
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850