Commercial Property for sale

The subject premises comprises an end terraced two-storey mixed use building, which is situated along a prominent corner position fronting a relatively busy thoroughfare within the village of Cwmavon, Port Talbot.
The premises is currently occupied for use as a hot food takeaway (trading as Pizza Gatti) over the ground floor, together with an additional self-contained residential flat arranged over the remaining ground and first floors, measuring approximately 169.72 sq.m (1,826.86 sq. ft.) in total.
We note that the subject premises benefits from a sales area with a depth of approximately 8.03m in total. The main sales area is also supported by ancillary accommodation, comprising an additional preparation area within the original building as well as staff w.c. facilities and a redundant retail unit within the courtyard area to the rear.
The accommodation arranged over the remaining floor areas comprises a self-contained residential apartment, which includes a domestic kitchen and reception room over the ground floor with an internal stairwell leading to the first floor. The accommodation arranged over the first floor comprises four bedrooms and the family bathroom.
Additional parking facilities are also located within the enclosed courtyard area to the rear, with designated parking spaces for one vehicle.
We have also been advised that the subject premises is currently occupied and let in its entirety to two separate occupiers, producing a current rent passing of £14,040 per annum.
Description - The subject premises comprises an end terraced two-storey mixed use building, which is situated along a prominent corner position fronting a relatively busy thoroughfare within the village of Cwmavon, Port Talbot.
The premises is currently occupied for use as a hot food takeaway (trading as Pizza Gatti) over the ground floor, together with an additional self-contained residential flat arranged over the remaining ground and first floors, measuring approximately 169.72 sq.m (1,826.86 sq. ft.) in total.
We note that the subject premises benefits from a sales area with a depth of approximately 8.03m in total. The main sales area is also supported by ancillary accommodation, comprising an additional preparation area within the original building as well as staff w.c. facilities and a redundant retail unit within the courtyard area to the rear.
The accommodation arranged over the remaining floor areas comprises a self-contained residential apartment, which includes a domestic kitchen and reception room over the ground floor with an internal stairwell leading to the first floor. The accommodation arranged over the first floor comprises four bedrooms and the family bathroom.
Additional parking facilities are also located within the enclosed courtyard area to the rear, with designated parking spaces for one vehicle.
We have also been advised that the subject premises is currently occupied and let in its entirety to two separate occupiers, producing a current rent passing of £14,040 per annum.
Location - 7 Ty'r Owen Terrace is situated in the village of Cwmavon, a well-established residential area just north of Port Talbot in Neath Port Talbot.
The village is conveniently positioned for access to Port Talbot town centre, which provides a wide range of amenities including supermarkets, retail outlets, schools, healthcare facilities and leisure services. Excellent road links are a key advantage, with the M4 motorway easily accessible.
The proximity to major employment hubs in Port Talbot and the wider Swansea Bay area further strengthens the investment profile of the property. Overall, the location combines affordability, accessibility and local amenity, making 7 Ty'r Owen Terrace a solid prospect for buy-to-let investors seeking reliable rental demand in South Wales.
Accommodation - The subject premises affords the following approximate dimensions and areas.
Commercial
GROUND FLOOR
Net Internal Area: 84.24 sq.m (906.75 sq. ft.)
Sales Area: 49.75 sq.m (535.51 sq. ft.)
Shop Depth: 8.03m (26'4")
Net Frontage: 5.38m (17'8")
Sales (ITZA): 44.05 sq.m (474.17 sq. ft.)
Ancillary: 34.49 sq.m (371.25 sq. ft.)
which briefly comprises the following.
Kitchen/ Prep Area: 2.96m x 6.80m
External W.C. Facilities
accessed off the courtyard to the rear.
Former Store: 2.63m x 5.40m
accessed off the courtyard area to the rear.
Residential
GROUND FLOOR
Gross Internal Area: 21.57 sq.m (232.17 sq. ft.)
Kitchen: 3.56m x 1.95m
accessed off the courtyard to the rear, fitted with a range of wall and base units, etc., access to.
Lounge: 3.46m x 8.03m
with internal stairwell to first floor.
FIRST FLOOR
Gross Internal Area: 63.91 sq.m (687.97 sq. ft.)
Landing
with doors to.
Bedroom 1: 3.75m x 4.46m (max)
Bedroom 2: 4.15m x 3.15m
Bedroom 3: 3.41m (max) x 3.36m
Bedroom 4: 2.63m x 3.15m
Bathroom
fitted with a three piece suite comprising bath, w.c. and wash hand basin.
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2023): £5,800
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 businesses in Wales will apply up to 31st March 2024. Rates relief for small business 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 therefore advise that the subject premises is eligible for 100% small business rates relief, subject to the occupier satisfying the necessary criteria.
The residential accommodation is rated separately and classified under Council Tax Band B.
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 - Please be advised that all figures quoted are exclusive of VAT (if applicable).
Terms And Tenure - The subject premises is available Freehold, which is subject to the following occupational tenancies:
Ground Floor
Let to a private individual (with security of tenure provisions held outside the Landlord & Tenant Act 1954) for a term of 15 years from 1st January 2021 (10 years unexpired), producing a current rent passing of £6,840 per annum (exclusive). The Lease also has provisions for 3 yearly rent reviews, with the upcoming rent review due on 1st January 2027.
First Floor
Let to a private individual on a standard Occupational Contract for a term of 12 months from 1st November 2023, producing a current rent passing of £600 per calendar month (£7,200 per annum).
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850
Email: [email protected]