INVESTMENT - 5-6 Union Street, Swansea, SA1 3EE
For Sale or Let £ 550,000 For Sale or Let
Situated on Union Street, Swansea City Centre, this substantial mid terrace property benefits from high levels of footfall and occupies a prominent and prime pitch. Neighbouring occupiers include both local and national covenants.
This property briefly comprises an open plan ground floor showroom with ancillary stores, kitchen and WC facilities to the basement, first, second and third floors.
Being self-contained, the upper floors could be redeveloped subject to planning consent.
The property benefits from electric roller shutters to the front and can be accessed from the rear by way of a lane.
The property benefits from mains water and electric 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.
The premises has a Net Internal Area of 664 m2 (7,145 ft2).
Gross Frontage - 11.71m - 38'5"
Internal Width - 9.4m - 30'10"
Shop Depth - 28.88m - 94'9"
Sales Area - 278 m2 - 2,992 ft2
Basement - 44.1 m2 - 483 ft2
First Floor - 214 m2 - 2,307 ft2
Second Floor - 99 m2 - 1,506 ft2
Third Floor - 29 m2 - 314 ft2
Our clients Freehold interest in the above is available at an asking price of £550,000 (Five Hundred and Fifty Thousand Pounds) plus VAT.
Our clients Freehold interest is also availble To Let at an initial asking rent of £75,000 (Seventy Five Thousand Pounds) per annum. Lease terms are negotiable although we advise that the lease will be subject to FRI covenants.
The Premises has a rateable value of £95,000 (2017). Interested parties are advised to discuss the business rates with the local authority.
To arrange a viewing, please contact the sole selling agent on the contact details below.
01792 478 907
01792 478 908