42 Newton Road, The Mumbles, Swansea, SA3 4BQ
For Sale
£275,000
Brief Description
- Investment Opportunity
- For Sale - £275,000
- Annual Income - £25,000
- Situated in a Popular location in centre of Mumbles
Full Description
Situation
Situated on Newton Road, this property is conveniently located and benefits from high levels of footfall. The Mumbles is a popular tourist area and lies approximately 4 miles from Swansea City Centre. Local occupiers include bars, coffee shops and popular local boutique shops.
Description
Briefly comprising a ground floor and basement A3 premises, previously used as a popular bar and restaurant Cru 42.
The ground floor comprises of a fully functioning licensed bar and seating area to the front, further seating area to the middle and outdoor decking space to the rear.
The property benefits from a large kitchen, with ancillary storage to the basement, along with modern WC facilities.
The premises benefits from approximately 70 covers, with modern finishes throughout.
Services
We understand that the property benefits from all mains gas, electricity and water. Please note that these were not tested during the course of our inspection.
Terms
The Long Leasehold interest in our client’s premises is available for sale at an asking price of £275,000.
We understand that the leasehold length is 999 years from 24th June 1988.
The property currently has a sitting tenant that has just signed a new 5 year lease, with a break clause at the end of year 2. The annual rent is £25,000 per annum, which provides a ROI = 9%.
Viewing
Please contact Dawsons Commercial on the contact details below to arrange a viewing.
|
Joe Demarco |
James Dawson - MRICS |