8 Great Darkgate Street, Aberystwyth
Aberystwyth, SY23 1DE

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Huw Thomas

The Agent

Huw Thomas
Director

02920 346312
Brochure

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EPC Certificate

Specification

  • RETAIL
  • 1,675 sqft (156 sqm)
  • To let
  • £50,000 per Annum

Description

Aberystwyth is a popular coastal town, is the largest town within Ceredigion with a district population of approximately 75,000 (Focus), 14,000 registered students at the University of Wales and is home to the National Library for Wales and the regional office for the Welsh Assembly. The property is located within a prime position on Great Darkgate Street, Aberystwyth’s main retailing street with nearby occupiers including Pandora, Costa Coffee, Carphone Warehouse, Boots Opticians, White Stuff, Caffe Nero, JD Sports and Waterstones.

DESCRIPTION

The premises comprises an open plan ground floor sales area with separate ancillary accommodation to provide storage and staff/kitchen facilities, and is part of a larger building.  The landlord has recently installed new glazing to improve the frontage and visibility into the unit.

TERMS

The premises is available to let on the basis of a new lease for a term to be agreed on effective full repairing and insuring terms.

Quoting rent £50,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the property is:

Rateable value £53,000
Rates payable £27,878

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

VAT

The property has been elected for VAT and therefore VAT is payable to the
rent.

ACCOMMODATION

The property provides the following approximate areas and dimensions:-

Ground floor sales 155.61 sq.m 1,675 sq ft
Ground-ancillary approx 34.70 sq m 374 sq ft

PLANNING

The Local Planning Authority advises that the property is Grade 2 Listed.

EPC RATING

70 - C

LEGAL COSTS

Each party to bear its own legal 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.

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