£189,000
(£131.25/sq. ft)
Office for saleWoodfield Street, Swansea SA6
1,440 sq. ft
About this property
Investment Oppourtunity
Situated on popular High Street
Occupied by Midshires: 5 year Lease from September 2022- subject to break option
Passing rent £15,000 pax
7.93%
Location
Situated along an established parade of commercial property within the main hub of Morriston, Woodfield Street this mid-terrace property occupies a position amongst national retailers including the likes of Iceland, The Travel House, Lextan along with local covenants including estate agencies, barbers and more and is host to a monthly market selling traditional products and produce. Morriston is situated approximately 3.5 miles North of Swansea and approximately 60 miles West of Cardiff.
Description
The premises comprises ground floor office/retail space set out over basement, ground and first floor with retail frontage onto Woodfield Street. The premises is currently occupied by Midshires Care Ltd T/A Helping Hands at a passing rent of £15,000pax. The premises is let on a full repairing and insuring Lease for a term of 5 years from 1st September 2022 with a 3rd year tenant-only break option.
Tenure
Freehold
Asking price
£195,000 - Reflecting a gross initial yield of 7.93%
Business rates
Interested parties are asked to verify the rates payable by contacting the Local Authority.
EPC rating
A copy of the EPC can be available upon request.
Planning permission
The premises currently has planning for A1 use.
Situated along an established parade of commercial property within the main hub of Morriston, Woodfield Street this mid-terrace property occupies a position amongst national retailers including the likes of Iceland, The Travel House, Lextan along with local covenants including estate agencies, barbers and more and is host to a monthly market selling traditional products and produce. Morriston is situated approximately 3.5 miles North of Swansea and approximately 60 miles West of Cardiff.
Description
The premises comprises ground floor office/retail space set out over basement, ground and first floor with retail frontage onto Woodfield Street. The premises is currently occupied by Midshires Care Ltd T/A Helping Hands at a passing rent of £15,000pax. The premises is let on a full repairing and insuring Lease for a term of 5 years from 1st September 2022 with a 3rd year tenant-only break option.
Tenure
Freehold
Asking price
£195,000 - Reflecting a gross initial yield of 7.93%
Business rates
Interested parties are asked to verify the rates payable by contacting the Local Authority.
EPC rating
A copy of the EPC can be available upon request.
Planning permission
The premises currently has planning for A1 use.
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