Along with High Street, Pendre forms the main shopping area of the busy market town of Cardigan which is located close to the West Wales coast. It is the largest town in the area and serves both the local community as well as the busy holiday trade especially in the summer months and school holidays. It is located on the boundary between North Pembrokeshire and Ceredigion with the main road access via the A487 Aberystwyth to Fishguard Road.
For the larger unit the floor space is approximately is approximately 1,016 sq ft (94.42 sq m) plus a rear storage area.
(If taken along with the adjacent unit the total floorspace would be approximately 1,610 sq ft (158.92 sq m) - photographs of both units are shown on these particulars).
The premises are available on a new internal repairing and insuring lease for a term of years to be agreed subject to 3 yearly rent reviews. The tenant will be responsible for the payment of rates, utility costs and other usual outgoings.
For the larger unit a rent of £12,500 pa with the first 6 months at half rent.
Our client informs us that the rateable value of the combined premises is £14,500 which would make the rates payable for the 2017 / 2018 financial year approximately £7,235.
If the premises are let separately then the rates will need to be reassessed and the apportionment applicable to the larger unit should be reduced.
Immediately upon completion of legal formalities.
Please contact David Cochlin in our Commercial Department on 01834 861810 or via email to email@example.com or firstname.lastname@example.org