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£275,000

(£425,000.00/sq. ft)

Retail premises for sale
Newton Road, Swansea SA3

    • 1 sq. ft

Added on 13/09/2023

About this property

  • For Sale - £275,000

  • Ground Floor Commercial Premises

  • Situated in a Popular location in Newton

Situation
Situated on Newton Road, this property is conveniently located and benefits from high levels of passing traffic. The Mumbles is a popular tourist area and lies approximately 4 miles from Swansea City Centre. Local occupiers include bars, coffee shops and popular local boutique shops.

Description
Briefly comprising a ground floor commercial premises.
The building was previously used as the popular bar The Rock and Fountain, with the ground floor still benefitting from A3 commercial property use.
The ground floor has been converted to accommodate two separate one bedroom flats. However, it would be suitable for a range of other uses (subject to planning), such as a retail premises, a drinking establishment or community and leisure facilities.
There is side access through a lane, that leads to parking facilities at the rear of the property.

Services
We understand that the property benefits from all mains services. Please note that these were not tested during the course of our inspection.

Terms
We understand that the property will be long leasehold, with a term of 999 years provided upon completion of sale.

The Long Leasehold interest in our client's premises is available by way of purchase for at an asking premium of £275,000.

We would advise taking legal advice regarding any required, valid planning permissions and statutory approvals for the building and its future use.

Viewing
Please contact Dawsons Commercial to arrange a viewing.

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Monthly repayment

£1,375 per month

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