Retail property (high street) to rent
Property description & features
•Briefly provides approximately 181 sq.m (1,946 sq.ft) Net Internal Area of ground floor sales/showroom space with substantial, optional first and second floor office/ancillary space.
•Immediately available ‘To Let’ under terms of a new FRI Lease for a term of years to be agreed at a rental from £25,000 per annum exclusive.
Location - The property is situated in a highly prominent town centre location fronting Dunraven Place within Bridgend Town Centre. Occupiers in close proximity include Boots the chemist, JD Wetherspoon, Bridgend General Post Office and Halifax Bank.
Bridgend is the administrative and retail centre serving Bridgend County Borough with the town attracting a number of multiple retailers and high street banks.
Description - The property briefly comprises of a substantial and imposing 3-storey town centre premises purpose built as a banking hall with ancillary first and second floor office space but considered suitable for a variety of showroom, office, health and beauty, food and drink or leisure type uses subject to the obtaining of any necessary change of use planning permission.
The property is to be reconfigured so is to provide approximately 159.4 sq.m (1,716 sq.ft) Net Internal Area of ground floor retail/showroom space together with approximately 35.5sq.m (382 sq.ft) Net Internal Area of ground floor ancillary space together with optional first and second floor office/ancillary space.
Tenure - The property is immediately available ‘To Let’ under terms a new FRI Lease for a term of years to be agreed with the Tenant entering into property Service Charge arrangements.
Rental - From £25,000 per annum exclusive.
Tenant Incentives - Tenant incentives such as a rent-free period and/or concessionary rental are to be made available subject to status.
Service Charge - The property is to enter into Service Charge arrangements. Details on application.
Business Rates - The Valuation Office Agency Website advises a ratable value of £20,750.00. Rates payable for 24/25 for the property as a whole are £10,354.00 albeit N.B. potential occupiers should benefit from small business rates relief scheme.
Epc - The property has an EPC rating of 104 falling within Band E.
Vat - All figures quoted are exclusive of VAT if applicable.
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
Anti Money Laundering - In order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.
Viewing - Strictly by appointment only through
sole letting agents:
Messrs Watts & Morgan LLP
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Dyfed Miles or Matthew Ashman
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