The property comprises a detached courtyard style building built in the late 1980s with four separate stairways linking the ground and first floors making the accommodation suitable for subdivision. A programme of refurbishment works is being implemented including an upgrade to LED lighting. The Landlord will consider subdividing the accommodation to provide suites from 1,636 sq. ft.
Location
The property fronts onto Greenway which forms part of Bedwas House Industrial Estate, approximately 0.8km (0.5 miles) to the west of the town centre. Also approximately 1.6km (1 mile) to the east of Caerphilly.
Accommodation
Ground floor 3,674 sq ft (341.37 sq m)
First floor 3,841sq ft ( 356.80 sq m)
TOTAL 7,515 sq ft (698.17sq m )
Terms
Planning We are verbally advised that the accommodation has planning consent for office use but any occupier should make their own enquiries to the Planning Department of Caerphilly County Borough Council. Tel: 01443 866416 or (www.caerphilly.gov.uk)
Business Rates VOA presents a total rateable value assessment (2017) at £117,000 designating £52,426 to the subject property and assessed at £75 per sq. m (£6.97 per sq. ft). Using the current multiplier of 0.535, rates payable are likely to be in the region of £28,048 per annum but may vary once separately assessed.
Energy Performance Certificate The EPC Rating is D (79) and the full certificate can be provided on request.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Planning | Rates | EPC | Terms Lease/Tenure/Terms The property is available for sale or on a new full repairing lease with terms to be negotiated. Rent / Price The property is offered to let for £9.00 per sq. ft. per annum exclusive of VAT. Sale Price on application.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant/purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- Suspended tiled ceilings
- Raised access floor
- LED lighting