Furnace Terrace, Neath

Description

The property comprises a mid terraced, ground floor retail located along a prominent busy thoroughfare along the edge of Neath town centre.

Internally, the premises comprises a ground floor retail unit, extended further to the rear to approximately sq.m ( sq. ft.), which was previously occupied as a post office stores. The remaining ancillary areas, located over the first floor comprises former residential accommodation, which can be accessed internally to the rear of the main sales area. At present the former residential accommodation is not suitable and fit for immediate occupation and is therefore currently occupied for use as storage to support the ground floor retail unit.

Additional storage/ car parking is also available to the rear via a single storey garage unit, which can be accessed off the rear lane, via Herbert Road to the northwest.

Please be advised that the proposed letting with be subject a restrictive covenant, not permit its use as a convenience store.

Location

The subject premises is located along a prominent main road position, directly off Furnace Terrace, which is a relatively busy thoroughfare within the village of Penrhiwtyn.

Penrhiwtyn is a village within close proximity to the area of Melyn, located less than 1 mile to the south of Neath town centre.

The subject premises is also located directly off the main A474, which affords ease of access to Neath town centre and furthermore Briton Ferry (approximately 1.5 miles to the south), while the M4 Motorway (J43) is approximately 3 miles away in a westerly direction.

Accommodation Comprises

The subject premises comprises the following approximate dimensions and areas:

GROUND FLOOR

Net Internal Area: 67.04 sq.m (721.61 sq. ft.)

Sales Area: 63.90 sq.m (687.90 sq. ft.)

Sales (ITZA): 42.84 sq.m (461.13 sq. ft.)

Shop Depth: 15.61m (37'8")

Net Frontage: 4.62m (15'2")

Ancillary: 3.14 sq.m (33.79 sq. ft.)
comprising two small store rooms.

FIRST FLOOR

Net Internal Area: 33.09 sq.m (356.14 sq. ft.)

Landing
accessed internally to the rear of the main sales area.

Lounge/ Store 1: 4.64m x 3.32m

Bedroom/ Store 2: 3.01m x 3.90m

Former Bathroom
shell condition without bath but includes w.c. and wash hand basin.

Rates

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

Rateable Value (2017): £4,350

From April 2018 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2022-23 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.

VAT

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).

Terms & Tenure

Our client's interest is available to let on a new effective Lease, subject to flexible lease terms.

Viewing

By appointment with Sole Agents:

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