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 Bliss Boutique and would suit similar types of operators seeking a presence in Llantwit Major. The unit is very well positioned, with a return frontage and prominence from Poundfield surface car park at the rear of the property, which provides free customer parking. The unit is also located within very close proximity to Llantwit Major Railway Station, in addition to Llantwit Major School.

The unit is located immediately adjacent to the very popular Coast Café, Plaza Toymaster, Nickleby’s Bookstore whilst also just a short walk to Filco Supermarket, Well Pharmacy, Health Conscious, High Society Bridal, Co-Op Food, Thai Story whilst Principality Bank, Greggs and Boots are located nearby on Boverton Road.

Accommodation / Description
The property provides a ground floor retail unit with return window frontage and a large 2 bed flat located on the first floor with the property providing the following approximate floor areas:-

Ground Floor Retail: C. 591 sqft c. 54.9 sq.m
First Floor Flat: Tbc tbc

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.

Occupational Costs
- Quoting Rent: £13,000 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

Available upon request

Business Rates / Council Tax
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 the ground floor retail unit are as follows: -

Ground floor retail unit rateable value (2023): £8800
ubr: 0.562
**Rates Payable: £4,945.60 (see below as rates relief should be available)

**Interested parties should check with the Local Council as to whether they are eligible for any small business rates relief. As the Rateable Value is between £6,000-£12,000, it is expected that the new occupier will benefit from rates relief under the Small Business Rates Relief Scheme in Wales. The Welsh Government provides non-domestic rates relief to eligible small businesses.

Council tax will also be payable on the first floor flat- estimated costs payable available upon request.