The subject premises comprises a ground floor retail unit, which has a current Use Class of A2 and previously occupied by Coral bookmakers.
The premises also accommodates ancillary basement accommodation comprising a staff kitchen and w.c facilities
The property is situated along Walter Road within Swansea City Centre, which is a popular established commercial area, with the majority of neighbouring properties utilised as office accommodation for professionals such as Chartered Surveyors, Estate Agents, Accountants, Financial Advisers and Solicitors.
The property provides the following approximate dimensions and areas:
Sales: 35.32 sq.m (380 sq. ft)
Shop Depth: 8.76m (28’9")
Internal Width: 4.33m (14’3")
Staff Area: 6.70m (72 sq. ft.)
As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2017): £6,200
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 2020. 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 (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).
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850