Freehold investment acquisition of an established and highly occupied business centre
Summary
- Freehold Mixed Use Investment
- Current GIY 9.4% with Opportunity To Grow To 11.2%
- Asset Management Opportunity
- 5 Self Contained Units
- Prominent Building with Easy Access to M4
- Expansion Land to Rear
Accommodation
The investment provides approximately 21,558 sq ft of space on the Ground Floor (and first floor offices) plus ancillary and mezzanine areas. There is a large car parking area to the rear, and the site is surrounded by a palisade fence to the rear part. The site also benefits from additional land to the rear where the site's usable footprint could extend.
| Name | sq ft | sq m | Rent (sq ft) | Total year | Availability |
| 1st - B1 Office | 1,658 | 154.03 | £4.89 | £8,100 | Occupied |
| Ground - B2 Light Industrial | 452 | 41.99 | £3.98 | £1,800 | Occupied |
| Ground - A3 Cafe | 1,433 | 133.13 | £6.98 | £10,000 | Occupied |
| Ground - B2 Light Industrial | 15,779 | 1,465.92 | £3.80 | £60,000 | Occupied |
| Ground - B2 Light Industrial | 2,246 | 208.66 | - | - | Available |
| Total | 21,568 | 2,003.73 | £19.65 | £79,900 |
Further Information
Price Offers in the region of £850,000
Rates Payable Upon Enquiry
Description
An opportunity to acquire an established and well occupied business centre in Fforestfach, Swansea. The investment provides a strong GIY, whilst also offering scope to grow the return further through the letting of one vacant unit that is currently used as temporary storage.
Current income is £79,900 with the opportunity to grow to c.£96,000 following letting on the final unit.
We consider that the investment offers an asset management opportunity to undertake a refurbishment program allowing an increased rental level to be achieved in line with the local market.
The buildings comprise a mix of uses including A3 Café, B1 offices and B2 light industrial.
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