Stepney Street, Llanelli

£10,500 Per annum

Description

The subject property comprises a mid terraced three storey retail/ office unit, which was previously occupied for use as a bookmakers, comprising a ground floor sales area with ancillary staff kitchen, w.c. facilities (including disabled w.c. facilities off the main sales area) and a large storage area to the rear.

The remaining accommodation arranged over the upper floors comprises various size cellular rooms, which can be accessed internally off the staff kitchen.

There is no designated parking available but we advise that the subject premises can be accessed off the service road to the rear, which is suitable for loading.

Location

The premises is located along Stepney Street within Llanelli town centre, which is considered to be one of the prime retail locations within the town.

Stepney Street is situated within a busy trading location within the pedestrianised area.

Occupiers within close proximity to the subject premises include Boots, The Works, Shoe Zone and Santander, while the entrance to the St Elli Shopping Centre is located approximately 50 yards away.

Accommodation

The subject property affords the following approximate dimensions and areas:

Net Internal Area: 237.30 sq.m (2,554.29 sq. ft.)

GROUND FLOOR

Sales Area: 86.68 sq.m (933.02 sq. ft.)

Shop Depth: 15.20m (49’10”)
Net Frontage: 6.41m (21’0”)

Ancillary: 62.65 sq.m (674.36 sq. ft.)
Comprising staff kitchen, w.c. facilities and additional store areas with fire escape/ loading door to rear.

FIRST FLOOR

Ancillary: 43.66 sq.m (470.02 sq. ft.)
Comprising three individual rooms.

SECOND FLOOR

Ancillary: 44.31 sq.m (476.95 sq. ft.)
Comprising four individual rooms.

Rates

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

Rateable Value (2017): £9,100

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.

Vat

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).

Terms & tenure

Our client’s interest is available by the way of a new effective Full Repairing and Insuring Lease (under terms to be negotiated).

Viewing

By appointment with Sole Agents:

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