Property Type:
Commercial
Features:
Prime Town Centre Location
Option to lease Retail Unit for £25,000 pa
Freehold to include Retail Unit & 2 Flats
Location
Aberystwyth is a busy market and university town having an extensive and captive catchment area. The town has 58,000 people within the town’s primary catchment (source: PMA March 2007) with a high proportion of C1 and C2 Social Groups within a 40 minute drive time. The subject property is located on Terrace Road, one of the principal shopping streets within the town. The property is adjacent to The Works and directly opposite the very busy Spar Convenience Store and WH Smith. Other occupiers in the near vicinity include Barclays Bank and Laura Ashley.
Description / Accommodation
The property is arranged as a self-contained shop on the ground floor and part of the first floor. The remainder of first floor and all of the second and third floors are arranged as 2 flats. The shop has the following areas:-
Ground Floor 1,150 sq ft 106.83 sq m
First Floor 500 sq ft 46.45 sq m
Please note: The agents have not fully inspected the property and are relying upon details provided by the landlord.
Terms – Retail Unit
Subject to vacant possession, the retail unit is available by way of a new lease at a rent of £25,000 per annum.
Terms – Freehold Investment
The freehold is also available to include the retail unit and the upper floors. The retail unit is currently occupied by the Co-operative Group (trading as a pharmacy) at a rent of £22,500 per annum – they are “holding over” pending a resite. Part first, second and third floors are arranged as two separate flats let on Assured Short Tenancies for a combined rent of £950 per month.
The freehold is available at £500,000.
Assessments
Verbal enquiries to Ceredigion County Council confirm the property is assessed as follows:-
Rateable Value £30,750 (Shop)
Rates Payable (11/12) £13,161
The flats will be separately assessed for Council Tax. Interested parties are advised to make their own enquiries on 01545 570 881.
Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.
VAT
Prices, outgoings and rentals are exclusive of, but may be liable to, VAT.
Energy Performance Certificate
An Energy Performance Certificate is in the course of being prepared and will be made available to interested parties.
Photographs and Plans
Any photographs and plans attached to these particulars were correct at the time of production and are for reference, rather than fact.
Viewing
Strictly by appointment through the joint agents:
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Aled Ellis and Company
16 Terrace Road
Aberystwyth
Ceredigion
Tel : 01970 626160
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Legat Owen:
Llyr Emanuel
Dan Oliver
James Lutton
Tel : 01244 408200
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