The subject premises comprises self-contained first floor office accommodation, which can be accessed independently to the rear at ground floor.
Internally, the premises comprises a large open plan office, which has been subdivided in part by demountable partitioning providing various sized office rooms.
The premises is of a good quality specification and benefits from an intercom entry system, suspended ceilings with Cat II lighting, data cabling and carpet floor coverings throughout the main office area.
The subject premises is located along Dillwyn Street, which is an established trading location within Swansea City Centre.
The front elevation is also located along a prominent main road position within the immediate vicinity of the main intersection linking Dillwyn Street with The Kingsway and St Helens Road.
Swansea has a population in the region of 239,000 in the 2011 census.
Swansea City Centre is also undergoing a programme of regeneration within the immediate vicinity, which includes a Digital Village along The Kingsway comprising approximately 100,000 sq. ft. of tech and employment space, which is already under construction.
The property provides the following approximate dimensions and areas:
Entrance corridor with stairs to first floor.
Net Internal Area: 87.32 sq.m (939.91 sq. ft.)
Offices: 78.36 sq.m (843.46 sq. ft.)
Staff Kitchen: 8.96 sq.m (96.44 sq. ft.)
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017):
From April 2018 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2018-19 the multiplier will be 0.514.
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. 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 sub-lease for a maximum term of 3 years with additional terms to be negotiated (subject to contract).
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850