Office

Walter Road, Swansea

Offers In The Region Of
£159,500
  • 1,994 sqft

Property details

The subject property comprises a four storey (plus basement), mid terrace, commercial premises situated within an established trading location. The entire premises is currently occupied for use as offices, which is supported by additional staff kitchen and w.c facilities.

The premises occupies an average size plot, with car parking to the rear for approximately 3-4 spaces. The rear part of the site is accessed directly off the lane entrance, over an open car parking area, covered with a concrete hard standing

  • Description

    The subject property comprises a four storey (plus basement), mid terrace, commercial premises situated within an established trading location. The entire premises is currently occupied for use as offices, which is supported by additional staff kitchen and w.c facilities.

    The premises occupies an average size plot, with car parking to the rear for approximately 3-4 spaces. The rear part of the site is accessed directly off the lane entrance, over an open car parking area, covered with a concrete hard standing.

  • Location

    The premises is located directly off Walter Road to the front, via a number of concrete steps.

    Walter Road is located along the periphery of the Swansea City Centre, which is less than ½ mile distant. All expected services and amenities are within easy reach. The Walter Road area of Swansea is the traditional professional district. The Victorian housing stock has, in the main, historically been converted into offices. There are also some retail users and some of the properties in the vicinity have more recently been converted into Housing in Multiple Occupation.

    Swansea is a waterfront City and is the economic centre of the South West Wales region. It has a modern service sector dominated economy and is home to a wide range of national and international companies. The population of the City and County of Swansea is currently estimated at 239,000 (2001 Census) 8% of the total population of Wales. The City has good road and rail links and is connected to the motorway network via the M4.

  • Accommodation Comprises

    The subject premises affords the following approximate dimensions and areas:

    Net Internal Area (NIA): 185.24 sq.m (1,993.92 sq. ft.).

    The premises has also been measured in accordance with IPMS 3 – Office, which also equates to 185.24 sq.m (1,993.92 sq. ft.) with a Limited Use Area of 16.34 sq.m (175.88 sq. ft.), which includes the basement accommodation.

    GROUND FLOOR

    NIA:79.05 sq.m (850.95 sq. ft.).

    Entrance Foyer
    with stairs to first floor and basement, doors to:

    Front Office/ Reception: 37.44 sq.m (403.00 sq. ft.)

    Store/ Walkway: 3.34 sq.m (35.95 sq. ft.)
    with door leading to:

    Rear Office 1: 15.09 sq.m (162.42 sq. ft.)
    with door to rear courtyard.

    Rear Office 2: 16.77 sq.m (180.51 sq. ft.)

    Staff Kitchen: 6.41 sq.m (68.99 sq. ft.)
    with base units incorporating sink drainer, housing gas fired combination boiler.

    W.C. Facilities
    comprising w.c and wash basin.

    FIRST FLOOR

    NIA: 57.22 sq.m (615.91 sq. ft.)

    Landing Area
    with stairs to ground and second floor, doors to:

    Front Office:
    23.83 sq.m (256.50 sq. ft.)

    Middle Office:
    16.19 sq.m (174.26 sq. ft.)

    W.C. Facilities
    with w.c and wash basin.

    Kitchenette: 3.67 sq.m (39.50 sq. ft.)
    with various base units incorporating sink drainer, housing gas fired boiler.

    Rear Office: 13.53 sq.m (145.63 sq. ft.)

    SECOND FLOOR/ ATTIC

    NIA:48.97 sq.m (527.17 sq. ft.)

    Half Landing Area
    with stairs to lower floors and attic, doors to:

    Rear Office: 23.94 sq.m (257.69 sq. ft.)

    Landing
    with doors to:

    Store Room (Attic): 7.43 sq.m (79.97 sq. ft.)
    restrictive headroom in part.

    Front Office (Attic): 17.60 sq.m (189.44 sq. ft.)
    restrictive headroom in part, dormer window to front.

    BASEMENT

    Storage: 16.34 sq.m (175.88 sq. ft.)
    accessed from the ground floor entrance foyer and corridor, restrictive headroom throughout.

  • Rates

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

    Ground Floor (Front Office): £4,000
    Ground Floor (Rear Office): £1,775

    1st Floor (Front Office): £2,025
    1st Floor (Middle) Office: £1,050
    1st Floor (Rear Office): £1,425

    2nd Floor (Front Office): £940
    2nd Floor (Rear Office): £1,225
    2nd Floor (Store): £220

    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.

    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

    The subject property is available Freehold.

    We have been advised that the ground floor has been let on an implied periodic tenancy agreement to a private individual at a current rent passing of £500 per calendar month. We have been advised that the rent is payable quarterly in advance.

    The first floor has been let to private individuals who currently occupy this part of the accommodation for use as a psycho-therapy practice. We have been advised that the rent payable is on an appointment basis/ hourly rate, which equates to an average rent of approximately £500 per calendar month, based on their current usage.

    The attic area is currently let on an implied periodic tenancy agreement to a private individual for use as an accountancy practice, at a current rent passing of £80 per calendar month.

    It is therefore advised that the current rent reserved for the subject premises equates to approximately £12,960 per annum, however, we also note that the subject premises can be offered with vacant possession.

  • Viewing

    Appointment with Sole Agents:

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

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