Description
The subject premises comprises a large four-storey Victorian building, which has recently been refurbished to a potential multi-occupied office block. Internally each floor benefits from various size office rooms ranging from approximately 10 sq.m to 25 sq.m, suitable for a range of occupiers, offering flexible high quality office space within Neath town centre.
We note that the ground floor is currently occupied by the client, with the remaining upper floors surplus to requirements which have proposed to be let separately. The total net internal floor area of the remaining upper floors equates to approximately 99.58 sq.m (1,071.87 sq. ft.). We have also been advised that part of the ground floor accommodation could be offered to the potential occupier, which is available upon request.
Internally, we note that the first floor accommodation, which can be accessed internally off the main ground floor entrance foyer, comprises two private office rooms, a small store area and a staff kitchen to the front over the original building, with a much larger office/ meeting room and two separate toilets located over the rear addition. Two additional office/ storage rooms are also located within the second floor accommodation, which again can be accessed off the internal stairwell.
The subject premises has been refurbished to a high quality specification throughout which benefits from individually controlled air conditioning units, perimeter trucking for data cabling, integrated fire alarm and security alarm systems, a fully integrated central heating system and an external plug in point for electric vehicles to the front parking area. The building also benefits from disabled access facilities via an external ramp to the front at ground floor level.
We have also been advised that designated car parking facilities are available on site for approximately 2 parking spaces, with the location of the individual parking bays to be confirmed.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 surrounding catchment.
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:
FIRST FLOOR
Net Internal Area: 70.32 sq.m (756.92 sq. ft.)
Office Room 1 (Front): 4.52m (max) x 4.37m (plus bay)
Office Room 2 (Front): 2.48m x 4.35m
Store Area: 0.87m x 1.55m
Staff Kitchen: 4.62m x 3.45m
Ladies Toilet Facilities
with w.c. and wash hand basin
Gents Toilet Facilities
with w.c. and wash hand basin
Meeting Room (Rear): 3.58m x 6.54m
SECOND FLOOR
Net Internal Area: 29.26 sq.m (314.95 sq. ft.)
Store/ Office: 3.21m x 4.38m
Store/ Office: 3.10m (max) x 6.65m
with restricted headroomRates
As stated on the VOA website, the Rateable Value for the subject premises is as follows
Rateable Value (2023): £4,700
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 0.562.
Rates relief for small business in Wales 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).
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 and Tenure
Our client’s interest is available by the way of a new effective Full Repairing and Insuring Lease (under terms to be negotiated).
Viewing
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850
Email: commercial@astleys.net
London Road, Neath
Per Annum £15,600
Size available
Property size 1,071 sqft
Property Description
The subject premises comprises a large four-storey Victorian building, which has recently been refurbished to a potential multi-occupied office block. Internally each floor benefits from various size office rooms ranging from approximately 10 sq.m to 25 sq.m, suitable for a range of occupiers, offering flexible high quality office space within Neath town centre.
The total net internal floor area of the remaining upper floors equates to approximately 99.58 sq.m (1,071.87 sq. ft.).
Internally, we note that the first floor accommodation, which can be accessed internally off the main ground floor entrance foyer, comprises two private office rooms, a small store area and a staff kitchen to the front over the original building, with a much larger office/ meeting room and two separate toilets located over the rear addition. Two additional office/ storage rooms are also located within the second floor accommodation, which again can be accessed off the internal stairwell.
The subject premises has been refurbished to a high quality specification throughout which benefits from individually controlled air conditioning units, perimeter trucking for data cabling, integrated fire alarm and security alarm systems, a fully integrated central heating system and an external plug in point for electric vehicles to the front parking area. The building also benefits from disabled access facilities via an external ramp to the front at ground floor level.
We have also been advised that designated car parking facilities are available on site for approximately 2 parking spaces, with the location of the individual parking bays to be confirmed.