London Road, Neath

Description

The subject property comprises a two-storey, mid-terraced, commercial premises currently occupied for use as offices (B1 Use Class).

Internally, the subject premises comprises an open plan office/ reception area at ground floor level, which can be accessed directly off a small open courtyard entrance and the main pedestrian walkway to the front. An additional staff kitchen and w.c. facilities are also available to the rear, which also leads to a small external courtyard.

The remaining accommodation, arranged over the first floor also comprises an open plan office area, which can be accessed internally off the main reception area.

We also note that the subject premises has previously been granted planning permission for the change of use to a residential dwelling (C3 Use Class). Based on the approved plans, the subject premises will comprise a mid terraced dwelling with an open plan kitchen/ dining area and lounge, utility and cloakroom at ground floor, together with two bedrooms and a bathroom at first floor level.

We therefore advise that the subject premises is ideally suited for both local owner occupiers and investors, given its prominent position within the town and the potential for conversion to an alternative residential use.

Location

The property is situated centrally within Neath Town Centre, situated directly off the main highway to the front over London Road, which is one of the main thoroughfares that links the Town Centre to its surrounds.

Neath is a popular densely populated location within ease of access to the M4 Motorway (J43) and the main A465.

Neath Town Centre is situated approximately 8 miles east of Swansea City Centre and approximately 35 miles west of Cardiff City Centre.

Accommodation Comprises

The subject premises affords the following approximate dimensions and areas:

GROUND FLOOR

Net Internal Area: 35.21 sq.m (379.00 sq. ft.)

Office/ Sales Area: 29.81 sq.m (320.87 sq. ft.)

Shop Depth: 7.36m (24’2”)

Internal Width: 4.45m (14’7”)

Ancillary: 5.40 sq.m (58.12 sq. ft.)
which briefly comprises the following.

Staff Kitchen: 2.24m x 2.96m
with access to rear courtyard, door to.

W.C. Facilities

FIRST FLOOR
Net Internal Area: 28.23 sq.m (303.93 sq. ft.)

Office: 4.86m x 6.90m
comprising an open plan layout.

Rates

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

Rateable Value (2023): £2,350

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 therefore advise that the subject premises is eligible for 100% small business rates relief (subject to satisfying the necessary criteria).

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024-25 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

Please be advised that all figures quoted are exclusive of VAT (if applicable).

Terms and Tenure

The Freehold interest is available for sale with vacant possession.

Alternatively, the subject premises is also available on a new effective full repairing and insuring occupational lease (under terms to be negotiated).

Please be advised that the Tenant will be responsible for the Landlord’s legal fees. The amount will be confirmed prior to instruction of solicitors.

Planning

Planning permission has been granted for the change of use from an office to a dwelling (C3 Use Class) and retention of render to front of property – Planning Ref: P2022/0884. A copy of the planning permission and associated documents are available upon request.

Viewing

By appointment with Sole Agents:

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