Commercial property to let in Lakeside Technology Park, Enterprise Park, Swansea SA7

The subject property comprises a modern steel portal framed hybrid unit, comprising a mixture of industrial and office facilities arranged over two floors, forming part of an established trading estate within Swansea Enterprise Park, approximately 4 miles to the north of Swansea city centre.

Internally, the subject premises comprises a workshop area to the front section, which also provides access modern office facilities, including various disabled, gents and ladies w.c. Facilities to the rear at ground floor level. The first floor/ mezzanine area, which can be accessed independently over the front elevation also benefits from a large open plan office area, which has been subdivided in part to accommodate a small private office room. The open plan office area arranged over the first floor is also supported by ancillary accommodation, comprising a small staff kitchen, w.c. Facilities, a small storage room and a larger meeting room.

The subject premises offers a relatively modern office specification, comprising an intercom entry system, perimeter trunking, CCTV and an integrated security alarm. The subject premises is also available on a proposed "turn-key letting", which will be fully fitted and suitable for immediate occupation upon completion.

Additional designated parking facilities are also available over the front and side elevation, which benefits from parking between 12-14 vehicles off an open hardstanding area. An additional detached garage/ storage unit, measuring approximately 30.44 sq.m (327.65 sq. Ft.) is also available on site.

Description

The subject property comprises a modern steel portal framed hybrid unit, comprising a mixture of industrial and office facilities arranged over two floors, forming part of an established trading estate within Swansea Enterprise Park, approximately 4 miles to the north of Swansea city centre.

Internally, the subject premises comprises a workshop area to the front section, which also provides access modern office facilities, including various disabled, gents and ladies w.c. Facilities to the rear at ground floor level. The first floor/ mezzanine area, which can be accessed independently over the front elevation also benefits from a large open plan office area, which has been subdivided in part to accommodate a small private office room. The open plan office area arranged over the first floor is also supported by ancillary accommodation, comprising a small staff kitchen, w.c. Facilities, a small storage room and a larger meeting room.

The subject premises offers a relatively modern office specification, comprising an intercom entry system, perimeter trunking, CCTV and an integrated security alarm. The subject premises is also available on a proposed "turn-key letting", which will be fully fitted and suitable for immediate occupation upon completion.

Additional designated parking facilities are also available over the front and side elevation, which benefits from parking between 12-14 vehicles off an open hardstanding area. An additional detached garage/ storage unit, measuring approximately 30.44 sq.m (327.65 sq. Ft.) is also available on site.

Location

The subject premises is located within Lakeside Technology Park, directly off Phoenix Way, which is an established trading location within Swansea Enterprise Park.

Established occupiers within the immediate vicinity include The Mecure Hotel, Greggs, South Wales Police Lakeside Police Station (located within the estate) and Lloyds TSB.

The subject premises also offers good lines of communication via the main A4217 and the A4067, which provides ease of access to the M4 Motorway (Junctions 45 and 44) and the surrounding Swansea catchment area.

Accommodation

The subject premises affords the approximate dimensions and areas.

Ground floor

Gross Internal Area: 265.62 sq.m (2,859.22 sq. Ft.)

Entrance Corridor
with intercom entry and internal stairwell to mezzanine, door to.

Workshop: 117.63 sq.m (1,266.25 sq. Ft.)
with access to.

Offices: 147.99 sq.m (1,592.96 sq. Ft.)
subdivided to comprise the following

Main Office: 9.20m x 8.14m
comprising a large open plan office area, with access to workshop.

Private Office: 5.16m x 5.47m

W.C. Facilities
comprising separate ladies, gents and disabled toilet cubicles.

First floor

Gross Internal Area: 145.47 sq.m (1,565.90 sq. Ft.)

Main Office: 12.69m x 8.09m
comprising a large open plan office area, which has been partitioned in part to accommodate a private office room, doors to.

Private Office/ Store: 3.0m x 2.58m

Staff Kitchen: 2.98m x 2.03m

W.C. Facilities
comprising separate ladies and gents toilet cubicles

Meeting Room: 3.09m x 8.10m

Rates

As stated on the voa website, the Rateable Value for the entire building is £15,250 (April 2023).

Based on the valuation summary (enclosed below), the Rateable Value is broken down as follows.

Description Area m2 / unit £ per m2 / unitValue

Ground Floor Office249.90 £40.00 £9,996
Ground Floor Garage26.95 £2.31 £62
First Floor Office 135.30 £40.00 £5,412
Total 412.15 £15,470

Total Value £15,470
Rateable Value (rounded down) £15,250

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.

Rates relief for small businesses in Wales will apply up to 31st March 2020. 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 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 & Tenure

Our client’s interest is available by the way of a new effective Full Repairing and Insuring Under-Lease (under terms to be negotiated).

The proposed letting will also subject to a service charge levy to be paid by the Tenant to contribute towards the maintenance of the external parts of the estate. We have been advised by our client that the current service charge is estimated to be approximately £1,506 per quarter.

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email: