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

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Ben Davies

The Agent

Ben Davies
Associate Director

02920 346311
Huw Thomas

The Agent

Huw Thomas
Director

02920 346312

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.

The specification includes;

  • Quoting rent £80,000 pax
  • The property occupies a prime position within Merlin's Walk close to one of the town's main surface car parks.
  • The property comprises a ground and first floor mid terraced shop within the scheme, with access provided directly from Merlin's Walk.
  • Ground Floor Sales 427.35 sq m 4,600 sq ft First Floor 45.05 sq m 485 sq ft

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.

Cooke & Arkwright have provided independent property consultancy services to the College for a number of years. This advice has included property valuations and negotiation around property acquisition and disposal, rent reviews and the preparation and negotiation of the College’s farm business tenancy agreement. The College has consistently received an excellent and professional service from Cooke & Arkwright and their valuable support to the College is recognised and appreciated.

Bob Bates, Director, Coleg Gwent