The subject property comprises a three-storey, mid-terraced, commercial premises previously occupied for use as a solicitors practice comprising a ground floor reception/ sales area which is supported by a small office to the rear. The first floor accommodation, which can be accessed internally to the rear of the main sales area comprises two private offices rooms, supported by ancillary staff kitchen and a shower room.
The remaining accommodation arranged over the basement/ lower ground floor accommodates a further four individual rooms and an additional bathroom. We also advise that the lower ground floor can be accessed independently off the rear yard area, which also affords designated parking for a minimum of 4 vehicles, secured by a set of steel gates.
The property is situated fronting Port Tennant Road in the Port Tennant area of Swansea. Port Tennant is a popular residential and commercial suburb, along the edge of Swansea City Centre, approximately 1 mile away in a westerly direction.
The premises is located along a parade of established retail units, comprising a range of occupiers such as hairdressers, convenience stores, restaurants, hot food takeaways and professional offices. We also advise that the subject premises is within close proximity to the £200 million SA1 Waterfront development, which includes established occupiers such as Admiral, The Village Hotel, Premier Inn and Tesco.
The subject premises affords the following approximate dimensions and areas:
Sales Area/ Reception: 35.39 sq.m (380.94 sq. ft.)
Shop Depth: 8.06m (26'5")
Internal Width: 4.60m (15'0")
Office: 7.42 sq.m (79'10")
with stairs to lower ground and first floor.
NIA/ IPMS 3 - Office: 36.36 sq.m (391.37 sq. ft.)
Office 1 (Front): 18.24 sq.m (196.33 sq. ft.)
Office 2 (Rear): 10.30 sq.m (110.86 sq. ft.)
with shower enclosure, w.c. and wash hand basin.
Kitchen: 7.82 sq.m (84.17 sq. ft.)
LOWER GROUND/ BASEMENT
NIA/ IPMS 3 - Office: 31.72 sq.m (341.43 sq. ft.)
Store Room 1: 9.89 sq.m (106.45 sq. ft.)
with stairs to ground floor.
fitted with a bath, w.c. and wash hand basin.
Store Room 2: 7.55 sq.m (81.26 sq. ft.)
with door to.
Store Room 3: 5.32 sq.m (57.26 sq. ft.)
with door to.
Store Room 4: 8.36 sq.m (89.98 sq. ft.)
The subject premises also affords a yard area to the rear, which is secured by a set of steel gates, providing designated parking for a minimum of 4 vehicles.
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £4,650
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2020-21 the multiplier will be 0.535.
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).
Terms & tenure
The subject premises is available Freehold with vacant possession.
Alternatively, our client's interest is also 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