Retail property (high street)

LOCATION
The property is situated in a prominent location fronting Nolton Street in a busy retailing location benefiting from strong footfall with other occupiers in close proximity including Boots The Optician and Wilkinsons.

The property is conveniently located opposite the Nolton Street entrance to the Rhiw Shopping Arcade and just a minutes walk from two surfaced car parks.

DESCRIPTION
The property briefly comprises a three storey mid-terraced town centre commercial property that is built to a traditional standard of construction with masonry elevations under a slate tiled pitched roof and with the ground floor property featuring a modern aluminium double glazed window.

The property briefly comprises of self-contained lock-up ground floor retail unit and a self-contained first and second floor office/ surgery unit.

The property briefly provides the following accommodation:-

Ground Floor Sales: 31.87 sqm (343 sq ft ) NIA
Ground Floor Sales ITZA: 27.8 sqm (300 sq ft)
Ground Floor Ancillary: 20.8 sqm (224 sq ft)

First Floor Office/Consulting Rooms: 27 sqm (285 sq ft)

Second Floor/Attic Storage: 22 sqm (237 sq ft)

TERMS
The property is available For Sale freehold tenure with vacant possession on ground floor and with the first and second floor accommodation to be let to the existing tenant under terms of a new 5 year lease on tenant Internal Repairing and Insuring terms at a rental of £6,000 per annum exclusive. Further details on application.

OUTGOINGS
The Valuation Office Agency website advises a rateable value of £8,300 for the vacant ground floor retail unit so an ingoing tenant should benefit from significant small business rates relief and for 2021/2022 rates exemption as part of the Covid business recovery initiative.

VAT
All figures quoted are exclusive of VAT if applicable.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred in the transaction.

VIEWING
Strictly by appointment only through
sole selling agents:

Messrs Watts & Morgan LLP
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Please ask for Dyfed Miles or Sara Magness