69 Chemical Road, Morriston, Swansea SA6 6JE
For Sale
£149,000
Brief Description
- Freehold For Sale
- For Sale - £149,000
- Investment Opportunity
- Annual Income - £16,020
Full Description
Situation
Situated on Chemical Road, Morriston, this property benefits from high levels of visibility and is serviced by regular levels of public transport and good transportation links. Neighbouring occupiers include various local and national covenants, comprising hair salons, food establishments, and retail businesses. Morriston itself is approximately 3.2 miles to the North East of Swansea City Centre and benefits from regular passing traffic and footfall.
Description
Briefly comprising a ground floor A1 premises with a residential flat on the first floor.
The premises benefits from a spacious open showroom retail area with kitchen and WC facilities. The ground floor shop is rented at £650 pcm.
The first floor contains a 1-bedroom flat with a hall, bathroom and staircase on the ground floor. The first floor contains an L-shap kitchen with all necessary appliances, a living room and a bedroom. It is currently rented at £685 pcm (on a rolling contract) to a working tenant.
There is private parking for up to 2 cars.
The property is fully tenanted and providing an annual income of £16,020 iving an investor an excellent yield of almost 11%.
Terms
The Freehold interest in our client’s property is available to purchase at an initial asking price of £149,000.
Services
We understand the premises benefits from gas, water and electric services. Both units have separate electric and gas metres with brand new boilers (installed in March 2022 and August 2024) for both units. None were tested during our inspection.
Rateable Value
Interested parties are advised to discuss business rates with the local authority.
Viewing
To arrange a viewing or to discuss further, please contact Dawsons, on the contact details below;
Lowri Williams
01792 478908
lowri.williams@dawsonsproperty.co.uk
Joe Demarco
01792 478907
joe.demarco@dawsonsproperty.co.uk