TO LET
LOCK UP SHOP AT 7 WYNDHAM STREET BRIDGEND
Frontage to Wyndham Street LOCATION
The property fronts Wyndham Street immediately opposite Bridgend Town Library. This is a pedestrianised street in the heart of the town and is the location for the seasonal French market.
Bridgend is situated in South Wales on the M4 corridor 20 miles west of Cardiff and 25 miles east of Swansea.
The town is the major conurbation of the County Borough of Bridgend which has a population of 131,000 as at the 2001 Census.
Bridgend County Borough is one of the most dynamic growth areas along the M4 corridor at the very centre of the South Wales economy encompassing the Heritage Coast to the south and picturesque valleys to the north. Independent research carried out in January 2002 by business analysts highlighted Bridgend as an employment ‘hotspot’. The number of jobs in the area has risen by 16,100 over the past 10 years, an annual growth of 4.3% ranking Bridgend as the second fastest growing area in Wales and the ninth fastest in the UK.
DESCRIPTION
A ground floor lock up shop with frontages to Wyndham Street and Market Street in Bridgend town centre. The property has an active alarm system. First and second floor offices are also available.
Frontage to Market Street
MEASUREMENTS
Retail frontage to Wyndham Street 4.14 m Retail frontage to Market Street 5.46 m Built depth 15.00 m
Retail area 63.50 sq m (684 sq ft)
Includes under stairs storage and separate w.c.
RENT
Ground floor shop £14,000 per annum plus service charge (this years service charge £300 p.a.) Also available: First floor offices £5,500 per annum. Second floor offices £4,000 per annum. Plus service charge.
RATEABLE VALUE
The rateable value was unavailable at the time of printing.
VAT
Under the Finance Acts 1989 and 1997 VAT may be levied on the rent. Prospective purchasers should establish the VAT implications prior to entering into any agreement.
TENURE
The property is offered to let on terms of a new lease to be agreed.
VIEWING
By appointment
David Little Phillips Tel: 01656 658445 Fax: 01656 768115 Email: [email protected]
RICS Code of Practice for Commercial Leases
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before entering into a business agreement. The code is available through professional institutions and trade associations or via the website www.commercialleasecodeew.co.uk
ASBESTOS
Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining or repairing it, may be under a statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property.
The detection of asbestos and asbestos related compounds is beyond the scope of David Little Phillips expertise and accordingly:-
(1) David Little Phillips makes no representations to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) David Little Phillips strongly recommends that prospective purchasers obtain advice from specialist environmental consultants if they have any concerns about asbestos related issues.