Station Road, Port Talbot

Description

The subject property comprises a substantial size four storey mixed use building, comprising two ground floor retail units, together with an ancillary accommodation arranged over the upper floors, which we have been advised was previous occupied for use as offices.

The ground floor accommodates two self-contained retail units, both of which are currently occupied and let. No. 18 Station Road is currently occupied by Busy Bees, paying a current rent of £6,500 per annum. However, we have been advised that a discount has been imposed, by mutual consent, as a result of the recent pandemic. We have been advised that initial rent passing was approximately £12,000 per annum. The remaining retail unit forming part of No. 20 is currently occupied by Tony John Estate Agents, paying a current rent of £7,500 per annum.

We therefore advise that the current rent passing for the ground floor accommodation is £14,000 per annum.

The remaining accommodation arranged over the upper floors comprises various size storage/ office rooms, equating to approximately 470.48 sq.m (5,064.24 sq. ft.) in total. We note that the upper floors affords a relatively flexible layout, accommodating a number of rooms, varying in size, which has the potential to be converted to a range of alternative uses such as various self-contained apartments, etc. (subject to the necessary statutory consents).

Location

The property is located along Station Road within Port Talbot town centre.

It is advised that all usual amenities including a mainline railway station, is approximately 100 metres to the south. Swansea City Centre is approximately 11 miles and Cardiff City Centre is approximately 30 miles.

Port Talbot and furthermore the subject premises affords ease of access via the main A48. The M4 Motorway (Junctions 40-41), is approximately 1 miles from the premises.

Neighbouring occupiers within close proximity include established retailers such as Dominos, Pizza Hut, Lextan and Nat West while the prime retail area of Aberafan Shopping Centre is approximately 500 metres away in a northerly direction.

The immediate area also affords good footfall with direct links to the main pay and display public car park to the west.

Accommodation Comprises

The subject premises affords the following approximate dimensions and areas:

GROUND FLOOR

18 Station Road (Bizzi Bees)

Sales Area: 344.43 sq.m (3,707.48 sq. ft.)

Shop Depth: 32.83m (107'9")

Internal Width: 11.11m (36'5")

Ancillary: 12.41 sq.m (133.58 sq. ft.)
which briefly comprises the following.

Catering Kitchen: 3.12m x 3.98m

Customer W.C. Facilities

20 Station Road (Tony John Estate Agents)

Sales Area: 48.97 sq.m (527.11 sq. ft.)

Shop Depth: 9.44m (30'11")

Gross Frontage: 5.72m (18'9")

Ancillary: 26.50 sq.m (285.24 sq. ft.)
which briefly comprises the following:

Store Area: 2.09m x 3.61m
with door to.

Office: 2.91m x 5.30m

Staff Kitchen: 2.40m x 2.39m
with door to.

W.C. Facilities

FIRST FLOOR (18-20 Station Road)

Net Internal Area: 196.36 sq.m (2,133.61 sq. ft.)

Landing
with internal stairwell and doors to.

Office 1: 5.05m x 4.39m

Office 2: 4.50m x 4.50m

Office 3: 5.62m x 12.59m

Office 4: 9.17m x 5,41m
with stairwell to second floor, access to.

Staff Room: 5.60m x 5.69m
with doors to.

Private Office: 5.65m x 4.74m

Ladies and Gents W.C. Facilities

SECOND FLOOR (18-20 Station Road)

Net Internal Area: 137.43 sq.m (1,479.29 sq. ft.)

Landing
with internal stairwell and doors to.

Office 1: 5.06m x 4.43m

Office 2: 7.23m x 4.49m

Office 3: 5.48m x 9.24m

Office 4: 5.44m x 9.24m
with stairwell to third floor, doors to.

W.C. Facilities

THIRD FLOOR (18-20 Station Road)

Net Internal Area: 136.69 sq.m (1,471.35 sq. ft.)

Landing
with internal stairwell and doors to.

Store Room 1: 7.36m x 7.80m

Store Room 2: 5.60m x 8.73m

Store Room 3: 5.48m x 8.43m
with stairwell to second floor, doors to.

W.C. Facilities

Planning

Planning permission was previously granted on 29th April 2008 for the change of use from an office to a day nursery over the first floor only (Planning Ref: P2008/0270).

Planning permission was previously granted on 20th June 2007 for the change of use of the second floor from an office into 2 no. flats (Planning Ref: P2007/0482). Please be advised that planning permission for this permitted use has since lapsed.

Rates

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

18 Station Road: £13,250
20 Station Road: £5,500

From April 2018 the Welsh Government 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 2019. 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

VAT will need to be confirmed but we advise that all figures quoted are exclusive of VAT (if applicable).

Terms & Tenure

The premises is available Freehold, which is also subject to the following Leasehold Agreements:

18 Station Road - Let to Funksters For Youngsters Ltd (T/A Bizzi Bees) for an initial term of 10 years from 9th January 2006, at a current rent passing of £12,000 per annum. We therefore advise that the Tenant is currently holding over.

20 Station Road - Let to Tony John Estate Agents, who are currently holding over, at a current rent passing of £7,500 per annum. We have also been advised that the Landlord is in negotiations to renew this occupational lease for a proposed term of 20 years.

Viewing

By appointment with Sole Agents:

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