Unit 1, Pontardawe Retail Park, Pontardawe
Pontardawe, , SA8 4AG

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Ryan Pratt

The Agent

Ryan Pratt
Associate Director

02920 346306
Ella Jefferies

The Agent

Ella Jefferies
Surveyor

02920 346312
Brochure

Download the Brochure

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Specification

  • RETAIL
  • 8,000 sqft (743 sqm)
  • To let
  • £72,000 per Annum

Description

Pontardawe is located 9 miles north of Swansea City Centre and 4.6 miles north of Junction 45 of the M4 providing good communications to Carmarthen in the west and Cardiff and beyond to the east. There is easy access from the M4 to the park, as the A4067 provides direct access from the M4 to Pontardawe. The property is one of four units on the retail park, other occupiers being Home Bargains, Argos and Farm Foods and with a Lidl store opposite.

DESCRIPTION
A semi-detached retail unit of steel frame with insulated cladding panels to the roof and part of the side elevations. There are circa parking 200 customer car spaces at the park. The unit benefits from rear servicing and a large secure fenced rear concrete yard.

TERMS
The unit is available to let on a new lease for a term to be agreed subject to service charge.

Quoting Rent £72,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the unit is:
Rateable Value £ 77,000
Rates Payable (2020/21)
£40,502
Interested parties will need to verify directly with the Local Rating Authority.

ACCOMMODATION
The unit provides the following approximate areas :

Gross Internal Area 743.21 sq m 8,000 sq ft

PLANNING
The unit is able to be used for A1 non-food retail use. Other uses will be considered on a subject to planning basis.

EPC RATING
C - 56

VAT
VAT is payable.

LEGAL COSTS
Each party to bear its own legal costs incurred.

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