Retail premises to let in Baglan Bay Retail Park, Port Talbot, West Glamorgan SA12

Port Talbot is located 9 miles east of Swansea and 40 miles west of Cardiff. Baglan Bay Retail Park is situated on the Baglan Energy Park, Port Talbot and is adjacent to the A4241 which is a dual carriageway and is the main arterial route connecting Port Talbot with the Baglan Energy Park. Junction 41 of the M4 is 1 mile to the north. Baglan Bay Retail Park and the immediate area provides the only out of town retail offer for Port Talbot. Other occupiers on the Park are Halfords, Pets at Home and Poundstretcher with other occupiers within the immediate vicinity being B&M, a Morrisons food store, Lidl, Food Warehouse, Subway and a kfc drive thru. The Neath Port Talbot Hospital is also located nearby. 112 parking spaces are provided on the Park.

Description

The unit comprises a mid terrace retail warehouse with a sales area provided on the ground floor and part mezzanine. WC facilities, storage, a customer lift and rear servicing are provided.

Terms

The unit is available to let via a new lease for a term to be agreed, from August 2020, with 5 yearly upwards only rent reviews on effective full repairing and insuring terms. The current annual service charge for the unit is £7,494.70 pax (£1.49 per sq ft).

Quoting Rent £ 49,500 pax

Rateable value

The 2017 Rateable Value for the unit is:

Rateable Value £ 44,500

Rates Payable (2020/21) £ 23,407

Interested parties are encouraged to make their own enquiries with the Local Rating Authority.

Accommodation

The unit provides the following approximate areas :

Gross Internal Area 467.29 sq m 5,030 sq ft

Mezzanine (approx.) 213.67 sq m 2,300 sq ft

Planning

The unit is able to be used for A1 non-food retail use subject to certain restrictions. Other uses will be considered on a subject to planning basis.

EPC rating

B - 41

VAT

VAT is payable to the rent.

Legal costs

Each party to bear its own legal costs in dealing with this transaction.