Commercial Retail

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1 Wern Fawr Road, Port Tennant, SA1 8LQ

For Sale £ 200,000 For Sale
Port Tennant  SA1 8LQ Retail Commercial Commercial Department » Print this page

Situation
The property is situated on Wern Fawr Road, St Thomas, approximately 10 minutes from Swansea City Centre. St Thomas is densely populated by residential property and attracts students and families alike. Neighbours include a school, pharmacy and drinking establishments.
This property benefits from being situated close to bus stops and benefits from regular levels of passing public transport.

Description
Briefly, the property comprises a ground floor commercial A3 premises with separate access to a first floor and second floor flat. The flat on the first floor briefly comprises living and kitchen area with bathroom and two bedrooms.
The second floor flat briefly comprises living and kitchen area with bathroom and one bedroom.

Services
The property benefits from all mains utilities. Please note that during the course of our inspection, none of these were tested and interested parties should rely on the advice of a contractor.

Lease Details
The ground floor occupier is currently occupying on a lease with 5 years remaining with a gross annual rent of £5,520.
Both flats are held on AST agreements with a gross annual rent of circa £8,800.
The property provides a total gross annual rent of £14,320. This will return a potential gross initial yield of 7.16%.
Lease details are available upon request.

Terms
The Freehold interest in our clients property is available to purchase for £200,000 (Two Hundred Thousand Pounds).

Legal Fees
Each party is responsible for their own legal fees.

Viewing
To arrange a viewing, please contact the sole selling agent, Dawsons on the contact details below:

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

 

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