Retail property (high street) for sale
Property description & features
- TWO STOREY RETAIL/ STORAGE UNIT WITH POTENTIAL FOR DEVELOPMENT (STP)
- NET INTERNAL AREA - 158.69 SQ.M (1,708.13 SQ. FT.)
- PROMINENT MAIN ROAD POSITION WITHIN DENSELY POPULATED CATCHMENT
- WORKSHOP WITH VEHICULAR ACCESS OVER PRIVATE LANE TO THE REAR
We note that the subject premises was previously occupied for use as a retail/ storage unit over the front section of the building at ground floor level with ancillary accommodation/ workshop facilities, located further to the rear and over the remaining first floor.
An additional means of vehicular access is also available to the rear, over an unmade lane, which provides access over the workshop unit via a roller shutter loading door to the southeast corner.
The subject premises also benefits from an income in respect of the advertising hoarding located along the side elevation. We have been informed that the current rent passing equates to a sum in the region of £750 per annum. In addition, a rental income in the region of £1,320 per annum is currently being received from the City & County of Swansea Council in respect of the pollution monitor which is fixed along the front elevation and internally within the front storage room at first floor level.
The premises is ideally suited for a range of alternative uses (subject to the necessary statutory consents), given its size and proximity along a prominent main road position, facing the main B4603.
Description - The subject premises comprises an extended, two storey, end terraced commercial unit, measuring approximately 158.69 sq.m (1,708.13 sq. ft.) in total, which excludes the uncovered mezzanine area over the rear workshop.
We note that the subject premises was previously occupied for use as a retail/ storage unit over the front section of the building at ground floor level with ancillary accommodation/ workshop facilities, located further to the rear and over the remaining first floor.
An additional means of vehicular access is also available to the rear, over an unmade lane, which provides access over the workshop unit via a roller shutter loading door to the southeast corner.
The subject premises also benefits from an income in respect of the advertising hoarding located along the side elevation. We have been informed that the current rent passing equates to a sum in the region of £750 per annum. In addition, a rental income in the region of £1,320 per annum is currently being received from the City & County of Swansea Council in respect of the pollution monitor which is fixed along the front elevation and internally within the front storage room at first floor level.
The premises is ideally suited for a range of alternative uses (subject to the necessary statutory consents), given its size and proximity along a prominent main road position, facing the main B4603.
Location - The premises is located along a prominent main road position, directly off the main B4603 (Neath Road), which is one of the main distribution road linking Swansea city centre with the surround catchment area. Neath Road also forms one of the regular bus route into the city centre.
The property is also within the immediate vicinity of the Livermore Building mixed use development, which includes various modern self-contained apartments and office units arranged over the upper floors together with self-contained retail units, currently occupied by Pizza Hut and Premier Convenience Store. Various customer parking facilities are also available on site, within the adjoining compound located further to the south.
Accommodation - The subject premises affords the following approximate dimensions and areas:
GROUND FLOOR
Net Internal Area: 107.78 sq.m (1,160.14 sq. ft.)
Sales Area: 2.68m (max) x 12.71m
accessed directly off the main pedestrian walkway to the front via a narrow sales display entrance, with door to.
Ancillary/ Storage: 2.62m x 8.81m
with access to.
Kitchenette: 3.11m x 1.43m
with door to.
W.C. Facilities
Workshop: 7.76m x 6.67m
with roller shutter loading door to rear lane, stairwell to mezzanine area
FIRST FLOOR
Net Internal Area: 50.91 sq.m (548.06 sq. ft.)
Mezzanine (Uncovered): 7.87m x 8.17m
with door to.
Storage: 2.74m x 19.52m (max)
arranged over a split level.
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2023): £4,500
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2023-24 the multiplier will be 0.535.
Rates relief for small businesses in Wales will apply up to 31st March 2024. Rates relief for small business with a rateable value up to £6,000 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 .
Vat - All figures quoted are exclusive of VAT. We have been advised that VAT will not be applicable to this transaction.
Terms And Tenure - The subject premises is available Freehold.
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
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