The premises is a retail unit arranged over two floors. The ground floor consists of a retail area currently occupied by Poundland, along with a large stock / store room that provides access to the rear of the property. The retail space benefits from a suspended ceiling fitted with lighting and air conditioning. The first floor includes office accommodation, staff toilets, and additional storage space for stock.
Location
Maesteg is a town located in the Llynfi Valley within Bridgend County Borough Council. It lies approximately 7 miles north of Bridgend and benefits from good highway connectivity via the A4063, which links directly to Junction 36 of the M4 motorway. This provides convenient access to key centres such as Cardiff (approximately 25 miles southeast) and Swansea (around 20 miles west).
Accommodation
6,996 Sq ft ( 650 sq m )
Terms
Planning We are verbally advised that the accommodation has planning consent for A1 use but any occupier should make their own enquiries to the Planning Department of Bridgend County Borough Council. Tel: 01656643643 or (https://www.bridgend.gov.uk/residents/).
Business Rates The rateable value as at April 2023 is £20,000. Thus, rates payable are £11,360 for 2024/25. Interested parties should make their own enquiries to Bridgend County Borough Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www .voa.gov.uk.
Energy Performance Certificate The property is currently being assessed and an EPC will be available upon request shortly.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Tenure The property is available on a new full repairing lease with terms to be negotiated.
Rent/Price The property is offered to let for £35,000 per annum exclusive of VAT. The property is offered for sale at £350,000 exclusive of VAT.
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.