The property comprises a mid terrace retail premises, with first floor residential accommodation. Both areas are accessed via the properties front elevation. The ground floor comprises a part-refurbished open plan retail space, with a yard/garden area to the rear. This retail unit is currently vacant. The first floor comprises residential accommodation, which is currently tenanted. This residential apartment currently generates a rental income of £550.00 per calendar month (£6,600 per annum). We understand that the tenant is currently holding over on a tenancy agreement which expired in September 2024. Further details available on request.
The property occupies a prominent locationfronting Commercial Street; one of Ystrad Mynach's main thoroughfares. Ystrad mynach is a small town with a vibrant commercial centre where occupiers include Tesco, Barclays Bank, Lloyds Pharmacy, Ladbrokes, and a large number of local retailers.
Ystrad Mynach lies approximately 5 miles north of Caerphilly and benefits from convenient road communications via the A469 dual carriageway.
From measurements taken on site we have calculated the following approximate floor areas and dimensions:-
Ground Floor 642.3 sq ft (59.7 sq m)
First Floor 45 sq ft (484.4 sq m)
Total Net Internal Area - 1,126.7 sq ft (104.7 sq m)
SERVICES
We understand that the property benefits from mains electric, water and drainage.
However, we have not tested any of the service installations and prospective occupiers must satisfy themselves independently as to the state and condition of such items prior to the transaction completing.
MONEY LAUNDERING
As part of our obligations under the UK Money Laundering Regulations 2017, Brinsons will require any purchaser or tenant to provide proof of identity along with any other supporting documents requested.
We have made online enquiries of the Valuation Office who confirm the following Rateable Value:
Rateable Value: £4,500
Uniform Business Rate 2024/25: 56.2
Gross Rates Payable: £2,529
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 purchase freehold on terms to be agreed. Alternatively the property is also available leasehold.
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.
