37 High Street, Lampeter
Lampeter, SA48 7AW

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Ben Davies

The Agent

Ben Davies
Associate Director

02920 346311
Ella Jefferies

The Agent

Ella Jefferies
Surveyor

02920 346316
Brochure

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Specification

  • RETAIL
  • 1,624 sqft (151 sqm)
  • To let
  • £16,931 per annum

Description

LOCATION The property is situated in Lampeter a town in Ceredigion, South West Wales and is approx. 48 miles north of Swansea and 23 miles north of Carmarthen. Nearby Occupiers include local operators and a densely populated residential area.

D E S C R I P T I O N The property comprises of ground and basement floors. The building consists of a mix of stone and brick construction with painted and rendered elevations under a pitched slate roof. Internally, the ground floor includes a main banking hall, cashier area, interview rooms, strong room, safes and staff offices, staff area and toilets. The ground floor has a concreate floor with suspended ceiling with recessed lighting. The basement consists of concrete floors and was previously occupied for storage purposes.

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 Passing rent £16,931.25 pax RATEABLE VALUE The 2017 Rateable Value for the property is:- Rateable value: £16,931.25 Rates payable: £8,957 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 150.90 sq m 1,624 sq ft Basement 12.50 sq m 134 sq ft 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 TBC LEGAL COSTS Each party to bear its own costs in dealing with this transaction.

The specification includes;

  • Development Potential
  • Access to External Courtyard
  • WCs
  • Staff Facilities

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