UNDER OFFER - Meridian Quay Development, Swansea, SA1 1JW
For Sale £ 3,500,000 For Sale
The offering includes ground rents equating to £62,800 per annum currently. We are advised that the long leasehold interests in 291 residential units are subject to rent reviews every 25 years.
The opportunity also includes 45 unsold residential units across Meridian Tower, Meridian Wharf, and Meridian Bay. We are advised that the units range from one bedroom to three bedroom apartments, with in excess of 44,000 sqft of accommodation, the majority of which are held on AST agreements. We advise that the residential units have a gross potential to achieve £660,000 per annum
The lease for the Penthouse floors of Meridian Tower, currently occupied by SA Brain for a term of 25 years from 2010 at a passing rent of £105,000 per annum is also included within the offering. We advise that the rent is subject to review every 5 years and is reviewed in-line with RPI index increases.
Further information is available upon request and is available to serious parties only.
Our clients Leasehold interest is available for bids in the region of £3,500,000 (Three Million, Five Hundred Thousand Pounds). The Head Lease is for a term of 150 years from 2010. Additional details are available upon request.
Viewing is strictly by appointment only, and under no circumstances are any approaches to be made to the occupiers.
All interest should be directed to the sole selling agent, Dawsons, on the contact details below.
01792 633 250
01792 478 907