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NEW - 74 Manselton Road, Manselton, Swansea

For Sale £ 225,000 For Sale
Manselton  SA5 8PJ Commercial Commercial Commercial Department » Print this page

Situation

This property occupies a prominent corner position on Manselton Road, Manselton. Approximately 10 minutes from Swansea City Centre, Manselton is a predominantly residential area with local amenities available.

Description

This two storey end terrace property briefly comprises a ground floor retail premises with a self contained flat to the first floor which is accessed from the side of the property. There is a garage to the rear which is suitable for storage purposes.

Lease Terms

We have been advised that there are 7 Years remaining on the Ground Floor lease, with a yearly rent of £14,400. The rent is set to rise in 2018 to £18,000 per annum.

The First Floor flat is held on rolling 6 monthly AST’s and is currently achieving £550 PCM.

Based on the figures above, there is a yearly return of £21,000 rising to £24,600 in Q1 2018. This equates to a 9.33% yield rising to 10.93% .

VAT

Where quoted, all figures are exclusive of, but may be liable to VAT at the prevailing rate.

Terms

The Freehold Interest in our clients property is available to purchase for £225,000 (Two Hundred and Twenty Five Thousand Pounds).

Photographs

Additional photographs are available upon request.

Viewing

Please contact Dawsons Commercial on the contact details below to make an appointment. Viewing is strictly by appointment only:

Andrew Cox
01792 478 907
andrew.cox@dawsonsproperty.co.uk

Matthew Mason
01792 478 908
matthew.mason@dawsonsproperty.co.uk