68 New Road, Neath, West Glamorgan

£135,000 Offers in the region of

Freehold

The property comprises a mixed use mid terraced premises situated within an established commercial location within the popular district of Skewen.

The property accommodates a small ground floor retail unit supported by ancillary w.c facilities, which is currently occupied for use as a dog grooming parlour.

The first floor accommodates a self-contained one bedroom flat, which can be accessed off the main pedestrian walkway to front and supported by a shower room and a kitchen/ dining area. An additional self-contained one bedroom flat is also located independently to the rear, which is supported by a lounge, kitchen and shower facilities.

The premises is fully tenanted producing a gross rental income of £13,020 per annum.

The property also benefits from external parking to the rear for approximately 2-3 vehicles, accessed directly off the rear lane via Grove Lane. Further enquiries may need to be undertaken with their legal representative to verify this information.

The premises is situated along New Road, which is considered to be the main retail location within Skewen, which is a popular village approximately 2 miles to the west of Neath town centre.

Skewen affords good lines of communication via the main A465, A4230 and the M4 Motorway (J44), which is 1 mile from the subject premises.

The property provides the following approximate dimensions and areas:

GROUND FLOOR

Shop:

Net Internal Area: 23.41 sq.m (251.98 sq. ft.)

Shop Depth: 9.31m (30’6″)
Gross Frontage: 2.53m (8’2″)

Staff W.C.
with sink drainer/ kitchenette area measuring 1.20m x 0.75m.

Residential (Flat 1):

Gross Internal Area: 27.80 sq.m (299.25 sq. ft.)

Lounge: 3.75m x 3.17m
accessed from the rear external parking area via a number of concrete steps, doors to.

Bedroom: 1.97m x 3.26m

Kitchen: 2.42m x 2.77m
fitted with a range of wall and base units incorporating sink drainer, electric cooker point, plumbing for washing machine, door to.

Shower Room
comprising three piece suite with shower enclosure, W.C. and wash hand basin.

FIRST FLOOR

Residential (Flat 2):

Gross Internal Area: 25.80 sq.m (277.73 sq. ft.)

Landing
with stairs to ground floor entrance corridor to the front and doors to.

Bedroom: 1.80m x 2.98m

Shower Room
comprising three piece suite with shower enclosure, W.C. and wash hand basin.

Kitchen/ Dining Area: 3.80m x 2.86m
fitted with a range of wall and base units incorporating sink drainer, electric cooker point and plumbing for washing machine.

EXTERNALLY

The premises can be accessed directly off the main pedestrian walkway to the front. A small driveway, providing parking for approximately 2-3 vehicles, can be located to the rear via a lane entrance, which can be accessed off Grove Lane.

As stated on the VOA website the Rateable Value for the subject premises is as follows:

Rateable Value (2017): £2,850.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small businesses 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 on an owner occupier basis.

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.

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).

The subject premises is available Freehold subject to the following tenancies:

Ground Floor – Let on an implied periodic tenancy agreement, to a private individual, at a current rent passing of £350 per calendar month (£4,200 per annum).

Rear Ground Floor (Flat 1) – Let on an initial Assured Shorthold Tenancy (AST), to a private individual, at a current rent passing of £380 per calendar month (£4,560 per annum).

First Floor (Flat 2) – Let on an initial Assured Shorthold Tenancy (AST), to a private individual, at a current rent passing of £350 per calendar month (£4,200 per annum).

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: 01792 479 850
Email: commercial@astleys.net