The property comprises a ground floor retail unit benefiting from a prominent corner position with return frontage. Internally the property is fitted out for its current use as a cocktail bar and benefits from an A2 (Financial & Professional Services) and A3 (Restaurants & Cafes) planning consent. The property also benefits from open plan first floor office / ancillary accommodation, with a kitchen. The first floor is accessed via a separate entrance at the side of the property.
The property has a prominent retail frontage to Cardiff Road, Caerphilly's main thoroughfare. Caerphilly town centre features a number of high quality local and multiple retailers including New Look, Greggs, Betfred, Subway and the main High Street Banks and Building Societies.
The town of Caerphilly lies approximately 8 miles north of Cardiff city centre and enjoys convenient access to A470 dual carriageway and M4 motorway.
From measurements taken on site we have calculated the following approximate floor areas:-
Ground Floor
Retail Area - 770 sq ft (71.5 sq m)
Store / Kitchen - 98 sq ft (9.1 sq m)
First Floor
Offices - 587 sq ft (55 sq m)
Kitchen - 123 sq ft (11 sq m)
Total NIA - 1,587 sq ft (147.4 sq m)
We have made online enquiries of the Valuation Office who confirm the following Rateable Value:
Rateable Value: £19,450
Uniform Business Rate 2023/24: 53.5
Gross Rates Payable: £10,406
We advise all interested parties should make their own enquires with the Valuation Office Agency and Local Authority in this regard.
The property is available to let by way of an assignment of the current lease. Alternatively the landlord may consider a surrender of the existing lease and the grant of a new lease on terms to be agreed.
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.
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.
