The premises comprises an office unit situated along an easily accessible location within Swansea City Centre.
The premises is arranged over the ground floor and briefly comprises an open reception area and various cellular rooms to the rear, which is supported by a kitchenette and w.c facilities.
Please note that the premises does not benefit from any on-site car parking.
The subject premises is situated along Cradock Street, which is situated along the fringe of Swansea City Centre and within a short walking distance to the primary retail area of Oxford Street and the main office sector of Walter Road.
The immediate area provides for a mixture of secondary retailing and office accommodation.
The property provides the following approximate dimensions and areas:
Offices: 55.88 sq. m (601 sq. ft)
Reception: 3.97m x 7.52m
Office 1: 3.00m x 4.54m
Office 2: 3.33m x 3.27m
Ancillary: 8.81 sq. m (95 sq. ft)
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £3,850
Wales UBR (2019/20): 52.6
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. 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 Full Repairing and Insuring Lease (under terms to be negotiated).
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850