22 Maengwyn Street, Machynlleth, Powys
Machynlleth, SY20 8DU

  • map
Ella Jefferies

The Agent

Ella Jefferies
Surveyor

02920 346316
Ben Davies

The Agent

Ben Davies
Associate Director

02920 346311

Specification

  • RETAIL
  • 1,821 sqft (169 sqm)
  • To let
  • £15,700 per Annum

Description

LOCATION:

Machynlleth is a market town located in Powys, Wales approximately 18 miles north of Aberystwyth. Nearby occupiers include Co-Op Food, Barclays Bank and Spar.

D E S C R I P T I O N

The subject property comprises former bank premises arranged over ground floor and basement located within a three storey mixed use property.

T E R M S

The property is available on the basis of a sub lease or assignment of the existing lease until expiry on 23 June 2025.

Passing rent £15,700 pax

RATEABLE VALUE

The 2017 Rateable Value for the property is:-

Rateable value: £11,750
Rates payable: £6,216

Interested parties are encouraged to make their own enquiries with the
Local Rating Authority.

ACCOMMODATION

The property provides the following approximate areas and dimensions:

Ground floor sales 169.21 sq m 1,821 sq ft
Basement 77.56 sq m 835 sq f

Machynlleth is a market town located in Powys, Wales approximately 18 miles north of Aberystwyth. Nearby occupiers include Co-Op Food, Barclays Bank and Spar.

PL A N N I N G

Enquiries with the Local Planning Authority indicate that the ground floor has the benefit of planning permission for Class A1 and A2 uses. Alternative uses will be considered subject to planning.

A N T I M O N E Y L AU N D E R I N G R E G U L AT I O N S

In accordance with the current Anti-Money Laundering (AML) Regulations, the purchaser/occupier will be required to satisfy the Vendor and their agents regarding the source of the funds used to complete the transaction.

VAT
TBC

EPC RATING
C - 65

LEGAL COSTS

Each party to bear its own costs in dealing with this transaction.

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP