Commercial Property for sale

The subject property comprises a substantial size two-storey, end-terraced mixed use premises, measuring approximately 354.49 sq.m (3,815.73 sq. ft.) in total, which is located along a prominent corner position within the popular village of Clydach, Swansea.
The subject premises is currently subdivided into two self-contained units, comprising a large corner retail unit arranged over the majority of the ground floor (occupied for use as a pharmacy store), with a return frontage along Heol Y Nant and Sybil Street. The remaining accommodation comprises a self-contained office suite, which can be accessed independently off the main pedestrian walkway fronting Heol Y Nant. The office accommodation benefits from a ground floor reception area and an adjoining private office room, which also provides internal access over the remaining upper floors.
We note that the ground floor retail unit is currently occupied and let to Welchem Ltd for a term of 5 years from 22nd September 2022, producing a current rent passing of £11,500 per annum (exclusive). The Lease also has provisions for a tenant only break clause at the end of the 3rd year (22nd September 2025), which is subject to 6 months prior written notice. As time is of the essence in respect of this break clause, it would appear that the Tenant's right to exercise this break has since expired.
The remaining accommodation appears to be vacant, which was previously occupied for use as professional offices, trading as Trevor Thomas Scott & Jenkins Solicitors. The first floor accommodation benefits from a small waiting area, which is supported by five office rooms, a staff kitchen, ladies and gents w.c. facilities and an archive room. The second floor/ attic area, which can be accessed off the internal corridor also benefits from a second archive room, with restricted headroom in part.
Description - The subject property comprises a substantial size two-storey, end-terraced mixed use premises, measuring approximately 354.49 sq.m (3,815.73 sq. ft.) in total, which is located along a prominent corner position within the popular village of Clydach, Swansea.
The subject premises is currently subdivided into two self-contained units, comprising a large corner retail unit arranged over the majority of the ground floor (occupied for use as a pharmacy store), with a return frontage along Heol Y Nant and Sybil Street. The remaining accommodation comprises a self-contained office suite, which can be accessed independently off the main pedestrian walkway fronting Heol Y Nant. The office accommodation benefits from a ground floor reception area and an adjoining private office room, which also provides internal access over the remaining upper floors.
We note that the ground floor retail unit is currently occupied and let to Welchem Ltd (T/A Central Pharmacy) for a term of 5 years from 22nd September 2022, producing a current rent passing of £11,500 per annum (exclusive). The Lease also has provisions for a tenant only break clause at the end of the 3rd year (22nd September 2025), which is subject to 6 months prior written notice. As time is of the essence in respect of this break clause, it would appear that the Tenant's right to exercise this break has since expired.
The remaining accommodation appears to be vacant, which was previously occupied for use as professional offices, trading as Trevor Thomas Scott & Jenkins Solicitors. The first floor accommodation benefits from a small waiting area, which is supported by five office rooms, a staff kitchen, ladies and gents w.c. facilities and an archive room. The second floor/ attic area, which can be accessed off the internal corridor also benefits from a second archive room, with restricted headroom in part.
No parking is available on site but we do advise that the immediate vicinity benefits from adequate on street parking comprising a mixture of public and time restricted parking bays.
Location - The subject premises is located just off the primary retail area and main thoroughfare within the popular village of Clydach. The premises occupies a prominent corner position along the intersection between Heol Y Nant and Sybil Street.
Clydach is a village and a community in Swansea, within the Clydach ward and the Llangyfelach parish. It is located approximately 6 miles northeast of Swansea city centre. In 2011, the population was 7,503.
The immediate area provides good lines of communication via the main B4603 (which fronts the subject premises), B4291 and the A4067 carriageway, while the M4 Motorway (J45) is approximately 1.5 miles away in a southerly direction.
Accommodation - The subject premises affords the following approximate dimensions and areas:
GROUND FLOOR
Net Internal Area: 180.15 sq.m (1,939.13 sq. ft.)
Retail Unit
with a return frontage along the corner of Heol Y Nant and Sybil Street, with a stepped entrance comprising the following.
Sales Area: 131.35 sq.m (1,413.85 sq. ft.)
Shop Depth (Max): 16.61m (54'6")
Internal Width (Max): 10.87m (35'8")
Ancillary: 48.80 sq.m (525.28 sq. ft.)
which briefly comprises the following.
Store Area: 3.37m x 1.58m
Staff Kitchen: 2.11m x 4.98m
Staff W.C. Facilities
Dispensary: 5.47m (max) x 4.17m
Offices
accessed independently off the main pedestrian walkway fronting Heol Y Nant, which briefly comprises the following.
Reception: 3.02m x 3.43m
with stairs to first floor, door to.
Private Office: 2.91m (max) x 3.08m
FIRST FLOOR
Net Internal Area: 149.64 sq.m (1,610.72 sq. ft.)
Reception/ Waiting Area: 4.30m x 3.15m
with stairs leading to the ground floor entrance foyer, access to.
Receptionists Room: 2.22m x 3.02m
Central Corridor: 3.67m x 11.90m
with stairs leading to the second floor, doors to.
Office 1: 3.50m x 3.80m
Office 2: 3.50m x 3.50m
Office 3: 3.50m x 3.50m
Staff Kitchen: 3.24m x 3.67m (max)
Staff W.C. Facilities
comprising separate ladies and gents w.c. facilities
Office 6: 6.21m (max) x 4.13m (max)
Archive Room: 3.14m x 4.10m
SECOND FLOOR
Net Internal Area: 24.70 sq.m (265.92 sq. ft.)
Archive Store: 2.25m x 10.98m
with restricted headroom.
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
Central Pharmacy (2 Heol Y Nant): £12,750
Ground (Part) & First Floor (2 Heol Y Nant): £12,000
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2025/26 the multiplier will be 0.568.
Rates relief for small business in Wales with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit www.voa.gov.uk.
Vat - All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).
Terms And Tenure - The subject premises is available Freehold, subject to the following occupational leasehold agreement in respect of the retail unit situated over the majority of the ground floor.
Tenant: Welchem Ltd
Rent: £11,500 per annum
Term: 5 years from 22nd September 2022
The Lease also has provisions for a tenant only break clause at the end of the 3rd year (22nd September 2025), which is subject to 6 months prior written notice. As time is of the essence in respect of this break clause, it would appear that the Tenant's right to exercise this break has since expired.
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850
Email: [email protected]