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Arthur Street, Neath

Wales

£159,950
Listed on 22/05/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1454 sqft

Description

This detached two-storey commercial building, formerly a place of worship, has successfully transitioned into a functional administrative space currently housing an independent dental practice. The property has been partially reconfigured, featuring an entrance foyer and reception area on the ground floor alongside five office rooms. These offices are complemented by accessible restroom facilities. The first floor includes a private office, a larger meeting room, additional restroom facilities, and a staff kitchen. The interior has undergone renovations that elevate its appeal, showcasing quality finishes such as carpeted flooring, suspended ceilings outfitted with CAT II modular lighting, and safety features like a fully integrated fire alarm system and intruder alarm. While the property is currently suited for its purpose as office space, it holds considerable potential for further transformation into various alternative uses—subject to obtaining the necessary statutory consents. Strategically located in the heart of Neath Town Centre, the building benefits from high visibility and accessibility. Its proximity to Arthur Street positions it near one of the primary routes connecting the town center with surrounding areas (notably London Road). The surrounding neighborhood comprises densely populated residential areas alongside several smaller commercial units providing essential amenities. Transport links are robust; Neath offers a main bus station nearby and a railway station that connects to broader transit options. Additionally, the property is approximately 2.5 miles from Junction 43 of the M4 motorway, enhancing its attractiveness for businesses or investors seeking advantageous logistics. In terms of spatial dimensions, the premises provide ample room across both floors: - **Ground Floor**: Approximately 83.18 sq.m (895.37 sq. ft.), including multiple offices and facilities. - **First Floor**: Approximately 51.94 sq.m (559.08 sq. ft.), featuring essential amenities like staff kitchen and restrooms. The property's rateable value stands at £11,500 as per the latest information available from the Valuation Office Agency (VOA), which may offer advantageous rates relief opportunities for small businesses based on their specific evaluations. With vacant possession available for this freehold property, there is a unique opportunity here for investors or developers looking to capitalize on its renovation potential while maintaining flexibility for future use or modifications in alignment with local demand. For more details or to schedule a viewing appointment, please reach out to Astleys Chartered Surveyors directly.

Investment Analysis

(SA11 area)

Below Market Value

This property is priced -31.4% below area average per sq ft

-31.4%
Potential saving
This Property
£110/sq ft
Area Average
£160/sq ft

Renovation Potential

Est. Renovation Cost
£15,995 - £39,988
10-25% of property value
Target Value
£256,464
10% above area average per sq ft
Potential ROI
+28.3%
After renovation
Monthly Sales
33
Average per month
Market Turnover
83%
Properties sold annually

Local Market Trend (SA11)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 8.4%
5 year growth: 29.6%
Investment Disclaimer: Analysis based on SA11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Arthur Street, Neath
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