The subject premises comprises a steel portal frame industrial unit which has been clad with boxed profile metal sheeting throughout.
A roller shutter loading door has been installed over the front elevation, which provides access directly into the main workshop. Additional vehicular parking is also available over the open loading area to the front, providing designated parking for approximately 2 vehicles.
The main workshop has been subdivided in part to accommodate the main entrance and w.c facilities to approximately 10% of its area.
The property is located to the front of Tyn Y Bonau Road Industrial Estate, which is an established trading location within the village of Pontardulais, approximately 10 miles to the north of Swansea city centre.
Local occupiers within the immediate vicinity include D G Heath Timber Products, AIR Engineering, R&A Diary and Kubstan Karate.
The subject premises provides good lines of communication via the main A48 while the M4 Motorway (J48) is approximately 1.2 miles away in a westerly direction.
This property has been measured on a Gross Internal Area (GIA) basis and comprises the following approximate dimensions and areas:
Workshop: 67.74 sq.m (729.20 sq. ft.)
Eaves Height: 3.43m (11’3″)
Apex: 4.12m (13’6″)
Roller Shutter Clearance: 3.00m (9’10”)
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £2,800
From April 2018 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2020-21 the multiplier will be 0.535.
The Welsh Government provides non-domestic rates relief to eligible small businesses. Eligible business premises with a rateable value of up to £6,000 will receive 100% relief.
We therefore advise that the subject premises is eligible for 100% rates relief on an occupational basis (subject to criteria).
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.
We have been informed that VAT is applicable to this transaction. All figures quoted are exclusive of VAT
Our client’s interest is available by the way of a new effective Full Repairing and Insuring Lease (under terms to be negotiated).
Please be advised that Tenant will pay a contribution of £195 plus VAT (£234 inc. VAT) towards the Landlord’s costs in preparing the agreement.
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850