Retail premises to let in Pound Field, Llantwit Major CF61

Location
The available retail unit is prominently located within Poundfield Shopping Precinct, located within the seaside town of Llantwit Major. Llantwit Major is popular with both independent, regional and national retail brands. Llantwit Major is one of the principal retailing and commercial centres serving the Vale of Glamorgan. Cowbridge is located approximately 5 miles to the north and Barry 10 miles to the east.

The available retail unit was most recently occupied by Greggs, who have recently relocated to a larger unit immediately adjacent. The unit is very ideally positioned within prime trading pitch and benefits from a good level of daily footfall between Poundfield Surface Car Park, which provides free customer parking, and Boverton Road, whilst Llantwit Major Railway Station is located just a very short walk away in addition to Llantwit Major School.
Retailer occupiers immediately adjacent within the precinct include Filco Supermarket, Well Pharmacy, Health Conscious, High Society Bridal, Co-Op Food, Thai Story & many others, whilst Boots and Principality Bank are located nearby on Boverton Road.

Accommodation / Description
The retail unit provides ground floor retail area with first floor ancillary - the unit has been fully stripped back to shell condition and ready for new tenant fit-out.

The unit provides the following approximate floor areas:-

Ground Floor: C. 851 sqft NIA
First Floor Ancillary: C. 823 sqft NIA

Planning
We understand that the commercial unit benefits from planning use within Class A1 of the Schedule to the Town and Country Planning (Use Classes) Order 1987.

Rent / Terms

- Quoting Rent: £15,000 per annum exclusive of VAT, business rates, service charge, insurance and utilities.
- New long term lease available
- Annual Service Charge: Tbc
- Annual Insurance Payable: Tbc
- Quoted figures exclude VAT.

Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction.

EPC

New EPC to be undertaken

Rateable Value
Prospective tenants are strongly advised to verify the rateable value of the unit directly via the Local Council but it is our understanding that the Rates for this unit are as follows: -

rv (2023): 13,000
ubr: 0.562
Rates Payable: £7,306

The Welsh Government will be providing rates relief for all retail, leisure and hospitality businesses. Eligible ratepayers will receive 40% non-domestic rates relief for the financial year 2024/25. This will be capped at £110,000 per business across Wales. Please discuss with the Local Authority to check whether you are eligible for any rates relief.