Jump to the content area

8 Station Road, Port Talbot

8 Station Road, Port Talbot picture1
8 Station Road, Port Talbot picture2
8 Station Road, Port Talbot picture3
Placeholder Image
8 Station Road, Port Talbot

Summary:

Freehold Investment Opportunity
Adjacent to the new Transport Hub and pedestrianised concourse
10+ years remaining on lease (lease expires 14.05.2029)
Seeking offers in the region of £210,000

DESCRIPTION & LOCATION
The property is prominently located on Station Road adjacent to the new transport infrastructure and public realm works which have recently been completed to the new transport hub. The Transport Hub centralises main transport links including Port Talbot Parkway station, a new bus terminal, cycle facilities, a taxi rank and drop-off and pick-up bays in a largely pedestrianised concourse, providing easier access for all to employment and residential areas in and around the town.

This property benefits from main road frontage and is situated on a principal road leading to the main retail core experiencing high footfall and transport movements. Port Talbot Town Centre is conveniently positioned nearby.

The property is a four storey traditional terraced premises with front and rear access. The ground floor is made up of retail space (restaurant/café). The first floor comprises 3 x WCs, storage/office and a staff room. The second & third floors are currently used for accommodation.

TENANCY
The property is let on an FRI basis on the following terms:-
20 years from 15th May 2009 at a rent of £14,000 per annum with three yearly rent reviews.

TENANT BREAK
Tenth and fifteenth anniversary of the date of the lease.

BUSINESS RATES
The property is described in the Valuation Office Agency Rating List for 2017 as Shop, cafe & premises with a Rateable Value of £12,250

UBR for Wales 2017/18 49.9p in the £

Interested parties are asked to verify this information by contacting the local authority.

EPC
An EPC has been commissioned and will be available shortly.