Immediately available To Let two prime retail/café/leisure units located within the busy seaside resort town of Porthcawl.
The units are available To Let either individually or combined, as existing. The units are currently fully fitted out for use as a Café and Ice-Cream Parlour but are suitable for a variety of food/café, retail and alternate business uses subject to the obtaining of any necessary planning consents.
No. 18 is immediately available To Let under terms of a new FRI Lease at an asking rental of £22,500 per annum exclusive and No. 16 by way of Lease Assignment at a current rental of £13,000 per annum exclusive albeit it is envisaged that a new Lease direct from the property landlord will be agreed.
16 and 18 John Street are situated in a prime retailing location fronting John Street the prime retailing thoroughfare serving Porthcawl town centre.
The seaside resort town of Porthcawl has the benefit of a large resident population and a significant influx of holiday makers and day trippers during weekends and holiday periods. Porthcawl has benefitted from a significant programme of investment within recent years which has included to date the pedestrianisation of John Street (between the hours of 10.00am and 4.00pm) and major improvements to The Esplanade and sea fronts all of which have contributed to the vibrancy and buoyancy of the town centre.
Porthcawl lies approximately 7 miles south of Bridgend and 2½ miles south of Junction 37 (Pyle Interchange) of the M4 Motorway with Cardiff lying approximately 25 miles to the east and Swansea approximately 17 miles to the west.
Immediately available To Let are two retail units that can be made available either individually or combined; the properties are currently configured as a single Café and Ice-Cream Parlour and Premises.
No. 18 John Street occupies a prominent corner location fronting John Street and Well Street. No. 16 John Street has the benefit of a modern shop front fronting John Street immediately opposite B&M Bargains.
18 John Street
Retail Sales: 79.8 sq m (859 sq ft) NIA
Retail Sales ITZA: 52.5 sq m (565 sq ft)
Basement: 40.6 sq m (437 sq ft)
16 John Street
Retail Sales: 47.8 sq m (515 sq ft)
Retail Sales ITZA: 33 sq m (355 sq ft)
No. 18 John Street is immediately available To Let under terms of a new FRI Lease for a term of years to be agreed at an asking rental of £22,500 per annum exclusive.
No. 16 John Street is currently held under two separate Leases at a current rental of £13,000 per annum exclusive but it is envisaged that a new Lease direct from the property landlord would be negotiated. Details on application.
The Valuation Office Agency website is advising a rateable value for Nos. 16 and 18 John Street combined in sum of £22,250 so rates payable then 2017/18 of £11,102 per annum for the whole. Individual assessments if required to be arranged.
All figures quoted are exclusive of VAT if applicable.
Each party to be responsible for their own legal costs incurred in the transaction.
Tenant FRI obligations by way of service charge. Details on application.
Strictly by appointment only through sole letting agents:
Messrs Watts & Morgan LLP
Tel: (01656) 644288
Email: [email protected]
Please ask for Dyfed Miles or Kate Harris