Wind Street, Neath

£15,000 Per annum

Description

The property comprises a prominent corner retail unit arranged over two floors providing a sales area of approximately 274.77 sq.m (2,957 sq. ft.). Ancillary staff kitchen, storage and w.c facilities are available over the first floor.

The shop benefits from a return frontage with an additional rear loading access via a shared service yard off High Street West.

Location

The subject premises is situated along a prominent trading position within the immediate vicinity of the prime pedestrianized area of Wind Street and Green Street within Neath town centre.

Established occupiers within the immediate vicinity include Boots, WH Smith, Iceland, Bright House and Holland & Barrett. We further advise that a large cleared site, situated opposite the subject premises has been earmarked for a large mixed use development scheme, previously granted for various cafes, restaurants and shops and up to 15 residential units over the upper floors.

Neath affords a population of approximately 45,500, which is a busy retailing centre within South Wales. Neath is situated approximately 35 miles west of Cardiff and 10 miles north-east of Swansea. The M4 Motorway (J43) lies 3 miles to the south via the A474 and A465 dual carriageway.

Accommodation

The property provides the following approximate dimensions and areas:

GROUND FLOOR

Sales Area: 274.77 sq.m (2,957 sq. ft.)

Return Gross Frontage: 29.06m (95’4?)

Net Frontage (Old Market St): 5.19m (17’1?)

Shop Depth: 30.57m (100’2?)

FIRST FLOOR

Ancillary: 176.50 sq.m (1,900 sq. ft.)

Rates

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

Rateable Value (2017): £28,750

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.

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

VAT is applicable. All figures quoted are exclusive of VAT.

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