22 Windsor Road, Neath, SA11 1LU
For Sale
£195,000
Brief Description
- Mixed-Use Investment Opportunity
- Freehold For Sale - Offers over £195,000
- 11% Yield on Investment
- Situated in the centre of Neath
Full Description
Situation
Situated in the middle of Windsor Road, Neath, this property occupies a prominent trading position and is highly visible. Nearby occupiers comprise a mix of local businesses and national retailers, including Specsavers, Domino’s, Lloyds Bank, and other established banking institutions.
Description
Briefly, this property comprises a spacious 3-storey mixed use premises. The ground floor is currently occupied by a well-known Community Centre, while the first and second floors provide two separate self-contained flats.
The ground floor accommodation benefits from an open-plan retail showroom, with kitchen and WC facilities located to the rear. In addition, there is a small courtyard to the rear with outbuilding.
The first-floor accommodation benefits from a spacious 2-bedroom flat, with a bathroom, shower room, living room and kitchen.
The second-floor accommodation benefits from a spacious 1-bedroom flat, with a bathroom, living room and kitchen.
Services
The property benefits from Water & Electric utilities. Please note that during the course of our inspection, none of these utilities were tested.
Size
The ground floor commercial has a NIA of 71 m2 (769 ft2).
Flat 22A has a GIA of 67 m2 (721 ft2).
Flat 22B has a GIA of 43 m2 (460 ft2).
Terms
The Freehold interest in our client’s property is available to buy for offers over £195,000
The Ground Floor Commercial unit is on a rolling contract at an annual rent of £6,000 per annum.
Flat 22A is on a rolling contract with a passing rent of £8,340 per annum.
Flat 22B is on a rolling contract with a passing rent of £7,140 per annum.
The total annual income combined is approximately £21,480 giving a Gross Yield of approximately 11%.
Rateable Value
Interested parties are advised to make their own enquiries with the local authority to confirm this.
Viewing
Please contact Dawsons Commercial on the contact details below to make an appointment.