Retail premises to let in The Precinct, Killay, Swansea SA2

The property comprises a two storey, mid terraced, commercial unit, measuring approximately 74.74 sq.m (804.50 sq. Ft.) in total, which is located along an established shopping centre and local precinct within the urban catchment area of Killay.

Internally, the premises comprises a ground floor retail unit, which accommodates the main sales area to the front, with a shop depth of approximately 12.02m, supported by ancillary accommodation to the rear including a small kitchenette area and staff w.c. Facilities. The remaining accommodation arranged over the first floor comprises a small storage/ office room, which can be accessed internally to the front of the main sales area.

The subject premises accommodates the majority of the site, with the exception of a small loading area to the rear, providing parking for approximately 2 vehicles. We further advise that the subject premises is located within a recognised shopping parade, which also benefits from customer parking facilities for approximately 70 vehicles to the rear of the precinct.

Description

The property comprises a two storey, mid terraced, commercial unit, measuring approximately 74.74 sq.m (804.50 sq. Ft.) in total, which is located along an established shopping centre and local precinct within the urban catchment area of Killay.

Internally, the premises comprises a ground floor retail unit, which accommodates the main sales area to the front, with a shop depth of approximately 12.02m, supported by ancillary accommodation to the rear including a small kitchenette area and staff w.c. Facilities. The remaining accommodation arranged over the first floor comprises a small storage/ office room, which can be accessed internally to the front of the main sales area.

The subject premises accommodates the majority of the site, with the exception of a small loading area to the rear, providing parking for approximately 2 vehicles. We further advise that the subject premises is located within a recognised shopping parade, which also benefits from customer parking facilities for approximately 70 vehicles to the rear of the precinct.

Location

The property is situated within an established shopping precinct within the popular suburb of Killay.

The Precinct forms part of a purpose built parade of commercial units, comprising a total of approximately 18 no. Retail units, which is also supported by a number of self-contained offices arranged over the upper floors.

The immediate vicinity also accommodates a large public car parking area, providing parking for approximately 70 vehicles, which is for the sole purpose of the occupants and shoppers within the precinct, while neighbouring occupiers include Cooperative, The Village Inn, Lloyds Pharmacy, Cancer Research Wales, etc.

Occupancy levels along The Precinct are good and Killay is a popular well supported suburb.

Accommodation

The property provides the following approximate dimensions and areas:

Net Internal Area: 74.74 sq.m (804.50 sq. Ft.)

Ground floor

Sales: 52.89 sq.m (569.30 sq. Ft.)

Shop Depth: 12.02m (39'5")

Net Frontage: 5.10m (16'9")

Sales (itza): 41.92 sq.m (451.22 sq. Ft.)

Kitchenette: 1.41m x 1.28m
located to the rear of the main sales area, with sink unit

W.C. Facilities

First floor

Offices/ Store 21.85 sq.m (235.22 sq. Ft.)

Rates

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

Rateable Value (2023): £11,750

From April 2018 the Welsh Government will 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 (where applicable).

Terms And Tenure

Our client's interest is also 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: Email: