The subject property comprises two storey end terrace property with ground floor retail and first floor two bedroom flat which is separately accessed to the rear of the property. The ground floor has recently been redecorated with new carpet and wallpaper and benefits from gas central heating, electric roller shutter doors, bars on the rear windows and door, and is alarmed. The first floor flat requires some minor redecoration.
The property is situated in a prominent position on the High Street within Nelson Town Centre. Nearby occupiers include Co-op supermarket, Jenkins Newman Partnership Solicitors, The Post Office, Ladbrokes and a number of other local traders.
Nelson is located approximately seven miles north west of Caerphilly and six miles north east of Pontypridd which is accessible via the A470 Cardiff to Merthyr Tydfil dual carriageway which in turn gives access to the M4 Motorway at Junction 32.
Retail area & changing rooms 501.60 sq ft (46.6 sq m)
Kitchen / stock room 98.17 sq ft (9.12 sq m)
First Floor Flat
Kitchen 2.00m x 3.66m
Lounge 3.15m x 3.53m
Bathroom 1.76m x 2.72m
Bedroom 1 2.69m x 2.97m
Bedroom 2 2.56m x 2.98m
We have made online enquires of the Valuation Office who confirm the following Rateable Value:
Rateable Value: £4,200
Uniform Business Rate 2017/18: 49.9
Gross Rates Payable: £2,096
We advise all interested parties should make their own enquires with the Valuation Office Agency and Local Authority in this regard.
We understand that the property benefits from Welsh Government Rates Relief for small businesses. All enquiries regarding this should be made to Caerphilly Council.
The property is available to purchase on a freehold basis subject to a leaseback on the ground floor for a period of 2-3 years. The other terms of the leaseback are to be agreed with the purchaser.
All figures quoted are exclusive of Value Added Tax (VAT). Any interested party should satisfy themselves as to the incidence of VAT in respect of any transaction. We understand that no VAT is payable.
Please contact our Caerphilly Office on 02920 867711 if you wish to arrange a viewing appointment for this property or require further information.
Brinsons endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.