Mansel House, Mansel Street, Swansea, SA1 5UE
For Sale £ 495,000 For Sale
Mansel House is situated on Mansel Street, Swansea, an approximate 5 minute walk from the Quadrant Bus Station. Situated on a busy thoroughfare, this property is located in a prominent position and attracts local occupiers seeking office space.Mansel Street is home to all types of businesses including A1, A2, and A3 users.
Briefly, this three storey mixed use building has recently been renovated to a high standard and is occupied by local covenants. The ground floor has A1 and A2 users whilst the first and second floors are used as office space.Office space on Mansel Street is sought after with covenants ranging in strength.
There are currently three Tenants occupying the property, all with leases varying in length. These leases are available to view at our office. There is a single unit available which is being marketed for £6,000 per annum.There is currently an income of £40,500 per annum exclusive with the potential to achieve £46,500 per annum. Based on the current rents, a Gross Initial Yield of 8.18% is possible with the potential to achieve a yield of 9.39%.
The Freehold interest in our clients property is available to purchase for £495,000 (Four Hundred and Ninety Five Thousand Pounds).
To make an appointment to view this premises, all interested parties are advised to contact the Sole Selling Agent, Dawsons Commercial.Under no circumstances are any approaches to be made to the current Tenants.
01792 478 907
01792 478 908