Ideal Investment with 15 Year Lease with a Passing Rent of £14,000 P.A
Summary
- Investment Sale
- First And Second Floors Require Renovation
- Passing Rent £14,000 P.A
- Ground floor ITZA 438 sq.Ft
- EPC - D
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Ground Floor ITZA | 438 | 40.69 | Under Offer |
| 1st - First Floor | 417 | 38.74 | Under Offer |
| 2nd - Second Floor | 537 | 49.89 | Under Offer |
| Total | 1,392 | 129.32 |
Location
This retail premises is located on Wind Street, a popular nightlife area in Swansea’s City Centre offering a mix of restaurants and bars.
Swansea is Wales’ second largest city. The M4 motorway runs along the north of the city providing access to the city at junctions 42-47. Swansea is approximately 40 miles to west of the capital city of Cardiff and approximately 28 miles to the east of Carmarthen in West Wales.
Get directions from Google Maps
Mainline Stations
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Swansea7 mins
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Llansamlet73 mins
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Gowerton88 mins
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Skewen96 mins
Underground Station
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Reading2473 mins
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Twyford2561 mins
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Maidenhead2672 mins
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Taplow2706 mins
Further Information
Price Offers in the region of £150,000
Rates Payable Upon Enquiry
BER Rating This property has been graded as D
Description
The property comprises a mid-terraced, three storey property (excluding basement). The entirety of the property is let to the current tenant. The ground floor is utilised as a takeaway with the remainder of the building largely unused.
Tenure
The property is held freehold and is being sold with the current lease in place.
Lease Details
Tenant – Eatalian’s Ltd
Term – 15 Years from 29th September 2019
Rent Review – 29th September 2024/2029
Break Option – 25th December 2029
Passing Rent - £14,000 P.A
Business Rates
Rateable Value £10,750
UBR for Wales 2023/24 53.5 p in the £
Interested parties are asked to verify this information by contacting the local authority.
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