£250,000
(£110.47/sq. ft)
Office for salePontardulais Road, Swansea SA4
2,263 sq. ft
About this property
Investment opportunity
For Sale: £250,000 (Net Initial Yield of 8.2%)
Let to Red Kite Business Services Limited
10 Year Lease from 7th April 2020 Passing Rent £21,000 pax
Location
The property occupies a prominent position on Pontardulais Road, within the town of Gorseinon, which lies approximately 7 miles north-west of Swansea city. Pontardulais Road represents the towns main commercial focus and benefits from regular pedestrian flow and passing vehicular traffic. The property benefits from good connectivity, with access to the A484 and Junction 47 of the M4 motorway, linking to Swansea, Llanelli and the wider South Wales region
Description
The property comprises two buildings, linked via a rear ground floor corridor. To the rear, there is a large carpark with space for approximately 22 vehicles. Internally, the buildings are set up to offer a number of offices and meeting rooms, with a reception area accessed directly from the rear carpark.
Lease details
Currently let to Red Kite Business Services Limited on a Full Repairing and Insuring Lease. Key lease details below:
Tenant; Red Kite Business Services Limited (formally Redkite Solicitors Services Limited)
Term: 10 years from 17th April 2020
Passing rent - £21,000 pax
Tenure
Freehold.
Asking price
We have been instructed to seek offers of £250,000 which returns a Net Initial Yield of 8.2% assuming purchaser's costs of 2.5%.
VAT
All figures are exclusive of VAT, where applicable.
Anti-money laundering
Following agreement of the Heads of Terms, the proposed Tenant or Purchaser shall be required to supply all information and documentation necessary to comply with applicable Anti-Money Laundering (aml) regulations.
EPC rating
The property has an EPC rating of d-98.
The property occupies a prominent position on Pontardulais Road, within the town of Gorseinon, which lies approximately 7 miles north-west of Swansea city. Pontardulais Road represents the towns main commercial focus and benefits from regular pedestrian flow and passing vehicular traffic. The property benefits from good connectivity, with access to the A484 and Junction 47 of the M4 motorway, linking to Swansea, Llanelli and the wider South Wales region
Description
The property comprises two buildings, linked via a rear ground floor corridor. To the rear, there is a large carpark with space for approximately 22 vehicles. Internally, the buildings are set up to offer a number of offices and meeting rooms, with a reception area accessed directly from the rear carpark.
Lease details
Currently let to Red Kite Business Services Limited on a Full Repairing and Insuring Lease. Key lease details below:
Tenant; Red Kite Business Services Limited (formally Redkite Solicitors Services Limited)
Term: 10 years from 17th April 2020
Passing rent - £21,000 pax
Tenure
Freehold.
Asking price
We have been instructed to seek offers of £250,000 which returns a Net Initial Yield of 8.2% assuming purchaser's costs of 2.5%.
VAT
All figures are exclusive of VAT, where applicable.
Anti-money laundering
Following agreement of the Heads of Terms, the proposed Tenant or Purchaser shall be required to supply all information and documentation necessary to comply with applicable Anti-Money Laundering (aml) regulations.
EPC rating
The property has an EPC rating of d-98.
Mortgage calculator
Monthly repayment
£1,250 per month
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