Commercial property for sale in Court Street, Merthyr Tydfil CF47

The subject premises comprises a self-contained ground floor retail unit, which is currently occupied for use as a hot food takeaway unit, trading as Dominos Pizza.

Internally, the ground floor comprises the main sales area, which can be accessed off a standard pedestrian doorway to the front, eventually leading to the main pedestrian walkway. The main sales area, which accommodates a small servery area and open catering kitchen is also supported by ancillary accommodation to the rear, comprising an additional preparation area, various storage and two w.c. Facilities.

An open parking/ yard area is also available to the rear, which provides designated parking for approximately 8 vehicles in total. However, based on the Lease Plan provided, we note that a total of 3-4 parking spaces are allocated for the ground floor retail unit.

We also advise that the upper floors, which can be accessed independently over the rear elevation, via an external steel stairwell, have subsequently been sold off and held on a Long Leasehold interest, for a term of 999 years from 1st January 2009 at a peppercorn ground rent.

Description

The subject premises comprises a self-contained ground floor retail unit, which is currently occupied for use as a hot food takeaway unit, trading as Dominos Pizza.

Internally, the ground floor comprises the main sales area, which can be accessed off a standard pedestrian doorway to the front, eventually leading to the main pedestrian walkway. The main sales area, which accommodates a small servery area and open catering kitchen is also supported by ancillary accommodation to the rear, comprising an additional preparation area, various storage and two w.c. Facilities.

An open parking/ yard area is also available to the rear, which provides designated parking for approximately 8 vehicles in total. However, based on the Lease Plan provided, we note that a total of 3-4 parking spaces are allocated for the ground floor retail unit.

We also advise that the upper floors, which can be accessed independently over the rear elevation, via an external steel stairwell, have subsequently been sold off and held on a Long Leasehold interest, for a term of 999 years from 1st January 2009 at a peppercorn ground rent.

Location

The property is located along a relatively prominent position along the edge of Merthyr Tydfil town centre.

Merthyr Tydfil is a former industrial town with a population of approximately 40,000. The town is located approximately 22 miles north of Cardiff on the A470 at the junction with the A465 (Heads of the Valleys Road), which runs east to west from Abergavenny to Neath and Swansea.

The subject premises is situated just outside the main retail core at the junction of Twynrodyn Road and Court Street, opposite the Tesco supermarket car park, which is within close proximity to Port Talbot train station and the main pedestrianised area within the town.

Accommodation

The subject premises affords the approximate dimensions and areas.

Ground floor

Net Internal Area: 126.36 sq.m (1,360.13 sq. Ft.)

Sales: 114.35 sq.m (1,230.86 sq. Ft.)

Sales (itza): 90.49 sq.m (974.03 sq. Ft.)

Shop Depth: 11.05m (36’3”)

Internal Width (Max): 10.30m (33’10”)

Ancillary: 12.01 sq.m (129.27 sq. Ft.)
comprising various size store rooms, including a small preparation area and 2 no. Toilet cubicles.

On the basement

Storage
not accessible.

Rates

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

Rateable Value (April 2023): £7,400

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.

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. Our client reserves the right to levy VAT on this transaction (if applicable).

Terms And Tenure

We offer for sale the Freehold interest in the subject premises which is subject to the following leases:

Unit 1 (Ground Floor/ Basement) – Let to dp Realty Ltd (T/A Domino’s) for a term of 20 years from 5th May 2008 at a current rent passing of £22,000 per annum (exclusive). The Lease also has provisions for 5 yearly rent reviews.

First and Second Floors – Held on a Long Leasehold interest by a third party for a term of 999 years from 1st January 2009 at a peppercorn ground rent.

We therefore advise that the current rent passing for the entire premises is £22,000 per annum (exclusive).

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email: