Retail premises to let in Victoria Street, Merthyr Tydfil CF47

Location
The property is located in Merthyr Tydfil, approximately 23 miles north of Cardiff via the A470. The town benefits from good road and public transport access. The property occupies a good prominent position on Victoria Street, directly opposite St Tydfil Shopping Centre and within a short walk to the High Street and Beacons Place Shopping Centre. The new bus station is located to the south of the subject property, whilst Merthyr benefits from good transport links to neighbouring towns via the A470 and A465. The Glebeland Development on the former Bus Station site is located directly opposite the subject unit which will see the unused space transformed into a marketplace with events area, parks and open green space – works are currently underway as of February 2024.

Accommodation
The available retail accommodation forms part of a multi-tenanted commercial building, with 4 self-contained units across both ground floor and first floor. The subject retail unit is located on the ground floor, at the rear of 27 Victoria Street, with return glazed frontage. The property has recently benefited from full refurbishment throughout and is ready for a new tenant to take occupation of the unit. There is some additional storage beyond the front retail area in addition to a good quality WC for staff.

The retail unit specification includes the following: -
- Roller shutters
- LED Lighting
- Independent electricity supply/heating
- Level screed floor awaiting tenant fit-out
- Freshly painted throughout and new ceiling tiles

The property provides the following approximate floor areas: -

Ground Floor Retail Area: C. 529 sqft / c. 49.15 sq.m
Rear Ground Floor Ancillary: C. 45 sqft / c. 4.24 sq.m
Total net internal area: C. 574 sqft / c. 53.39 sq.m

Planning
The retail unit has most recently been trading as a Cafe. The landlord is ideally seeking occupiers who are able to trade under A1 retail use, although certain A3 occupiers may be considered depending on the specific use and subject to securing any necessary planning consents.

Terms
New lease terms to be agreed, subject to an effectively full repairing and insuring lease.

Quoting Rent
£10,000 per annum exclusive of business rate and insurance.
There is no VAT payable on the rent.

Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction.

EPC

37 – B rating (valid until 21/02/2034)

Rateable Value
£12,000 (April 2023)
ubr: 0.535 (2023/2024)
Interested parties should check with the Local Council as to whether they are eligible for any small business rates relief.

Viewing and Further Information:-
Please contact sole marketing agents, DTR Surveyors