3 Penny Lane, Cowbridge, South Glamorgan
Cowbridge, CF71 7EG

  • map
Ella Jefferies

The Agent

Ella Jefferies
Surveyor

02920 346316
Ryan Pratt

The Agent

Ryan Pratt
Associate Director

02920 346306
Brochure

Download the Brochure

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Specification

  • RETAIL
  • 514 sqft (48 sqm)
  • To let
  • £10,000 per Annum

Description

The premises is located on Penny Lane within the Old Mason’s Yard development. Old Mason’s Yard is situated along the river linking the main Town Hall car park with Cowbridge town centre via a footbridge. Adjacent occupiers include Dog & Rider Boutique and PH71 Haircrew with the development comprising several other retail units, restaurants, cafes and offices.

DESCRIPTION

The premises comprises a ground floor shop accessed directly from Penny Lane.

TERMS

The unit is available to let via a new lease for a term to be agreed, on effective full repairing and insuring terms via a service charge, subject to vacant possession.

Quoting rent £10,000 pax

RATEABLE VALUE

The 2018 Rateable Value for the property is:-
Rateable value: £9,200
Rates Payable: £4,591
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 514 sq ft

VAT

VAT will be payable to the rent.

EPC RATING

97 - D

SERVICE CHARGE

TBC

PLANNING

We understand that the premises benefits from A1 use however other uses will be considered subject to the tenant obtaining all necessary planning consents.

LEGAL COSTS

Each party to be responsible for their own costs incurred in 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.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group