Retail premises to let in Pound Field, Llantwit Major CF61
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
DTR Surveyors, CF61 on +44 29 2227 9926 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by DTR Surveyors, and do not constitute property particulars. Please contact DTR Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.