Property for sale

Herbert Street, Pontardawe SA8

The property comprises a three storey mixed use premises, which is situated along the primary retail area and main high street location within Pontardawe town centre. We note that the ground floor retail unit can be accessed directly off the main pedestrian walkway to the front, via a standard sales display entrance window, providing access over the main sales area which benefits from a shop depth of 13.98m. The main sales area is also supported by ancillary accommodation to the rear, comprising a single consultation room, staff kitchen, store area and staff w.c. Facilities. We further advise that the ground floor retail unit is currently occupied and let in its entirety, trading as Phil Thomas Opticians, which is held on an existing occupational leasehold interest for a term of 10 years from 1st October 2016, producing a current rent passing of £9,000 per annum. We also advise that negotiations are currently in place to extend the existing leasehold interest for a term of 10 years with effect from 1st October 2026, at a proposed rent passing of £10,500 per annum. The remaining accommodation, which can be accessed independently to the rear over an external steel stairwell, comprises a self-contained two storey apartment. The residential accommodation, which is currently vacant, benefits from one bedroom, two reception rooms, kitchen and the bathroom over the firs floor, while the second floor accommodates the remaining three bedrooms. We also advise that the residential accommodation is in need of refurbishment throughout, which also has the potential to accommodate a large 3/4 bedroom apartment or alternatively 2 no. Self-contained residential units, subject to obtaining the necessary statutory consents (subject to planning/ building regulation approval). The subject premises also benefits from a small hardstanding to the rear, providing designated parking for 1-2 vehicles, accessed off an unmade lane to the rear. Purchasers will have to make their own enquiries to confirm whether the access lane benefits from adequate vehicular access.

Location

The subject premises is located along a prominent main road position fronting Herbert Street with the primary retail area of Pontardawe town centre. Pontardawe is a town in the Swansea Valley. The community of Pontardawe, with a population of some 6,800, comprises the electoral wards of Pontardawe and Trebanos. The immediate vicinity also provides ease of access to the main A474 and the A4067, which is one of the main distribution roads linking the M4 Motorway, Junction 45 (approximately 4 miles to the south) with Swansea City Centre. Established occupiers within close proximity include Greggs, Lloyds Bank, Jenkins Bakery and Well Pharmacy.

Accommodation

The subject premises affords the following approximate dimensions and areas: Ground floor Net Internal Area: 90.77 sq.m (977.04 sq. Ft.) Sales Area: 56.36 sq.m (606.65 sq. Ft.) Shop Depth: 13.98m (45'10") Net Frontage: 4.11m (13'6") Ancillary: 34.41 sq.m (370.38 sq. Ft.) which briefly comprises the following. Test Room: 3.43m x 2.77m Staff Kitchen: 3.35m x 2.96m Store Area: 3.52m x 4.21m with access to. Staff W.C. Facilities first floor Gross Internal Area: 86.43 sq.m (930.42 sq. Ft.) Kitchen: 3.36m x 4.09m with door to. Landing with access to. Bedroom 1: 4.21m x 4.32m Bathroom fitted with a four piece suite Lounge: 8.78m x 3.68m subdivided to accommodate two reception rooms. Second floor Gross Internal Area: 86.43 sq.m (930.42 sq. Ft.) Landing with access to. Bedroom 2: 3.30m x 3.55m Store Room: 1.72m x 2.42m Bedroom 3: 4.20m x 5.28m (max) Bedroom 4: 2.28m x 5.67m (max)

Rates

As stated on the voa website the Rateable Value for the subject premises is as follows: Rateable Value (2023): £6,800 From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2025/26 the multiplier will be 0.568. Rates relief for small business in Wales 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

Please be advised that all figures quoted are exclusive of VAT (if applicable).

Terms And Tenure

Our client's Freehold interest is available for sale, which is subject to the following occupational lease. The ground floor retail unit is currently occupied and held on a lease for a term of 10 years from 1st October 2016, producing a current rent passing £9,000 per annum (exclusive). We further advise that a proposed lease renewal is in the process of being granted for a term of 10 years from 1st October 2026, subject to an annual rent of £10,500 per annum (exclusive). The Lease also has provisions for a rent review in the fifth year.

Viewing

By appointment with Sole Agents: Astleys Chartered Surveyors Tel: Email: