Ref. 409 - 6a West Street, Gorseinon, Swansea, SA4 4AA
For Sale £ 350,000 For Sale
This property occupies a prominent position on West Street, Gorseinon. Gorseinon is approximately 5 miles to the North West of Swansea and is easily accessible by the M4. Gorseinon is home to both local and national occupiers, and West Street is one of the busiest streets in Gorseinon.
This two storey mid terrace property comprises a ground floor commercial A3 unit with three single bedroom flats to the first floor.
We have been advised that there are 15 Years remaining on the Ground Floor lease, with a yearly rent of £15,000.
There are provisions within the lease for a rent review every 5 years.
The Tenant has the option to determine the lease in January 2022.
The flats are held on AST Agreements and are achieving £8,839.96 with the potential to achieve £13,259.96 per annum.
Based on the figures above, there is a potential yearly return of £28,259.96. This equates to an 8.07% yield.
The Freehold Interest in our clients property is available to purchase for £350,000 (Three Hundred and Fifty Thousand Pounds).
Additional photographs are available upon request.
Please contact Dawsons Commercial on the contact details below to make an appointment. Viewing is strictly by appointment only.
01792 478 907
01792 478 908