11 The Strand, Swansea, SA1 2AE
For Sale
£420,000
Brief Description
- Freehold For Sale - £420,000
- Annual Income - £54,770
- Investment Opportunity
- Mixed use Commercial Premises
Full Description
Situation
Situated in the popular location of Wind Street, this premises occupies a prominent trading position. This area of Swansea City Centre is very popular and benefits from other late night drinking establishments, cafes, and hot food establishments. The premises is circa 10 minutes from the Quadrant bus station and is located close to all of the Cities amenities.
Description
Briefly comprising a ground floor commercial A3 premises, along with two 5 bed HMOs to the first and second floor.
The ground floor A3 premises has recently been refurbished throughout to a high standard and is currently being run as a popular bar. The ground floor comprises of an open plan bar with seating throughout, with kitchen facilities, ancillary storage, and toilet facilities. The premises also benefits from a newly decked outdoor seating area.
The first and second floor accommodates two 5 bed HMOs. The flats are utilised as student lets with the individual units occupying whole floors with each comprising of five individual bedrooms, a communal lounge/kitchen and two communal shower rooms.
Terms
We are open to offers either for the freehold interest in the entire property or through way of a new lease for the ground floor A3 commercial aspect.
Our clients Freehold interest in the property is available For Sale at an asking price of £420,000.
The ground floor A3 premises is currently vacant and but has previously provided an income of £17,500 per annum.
The first and second floors comprise two 5 bed HMOs which are currently vacant but have previously provided an income of £37,270 per annum, on short term contracts.
When fully tenanted we would expect this property to provide a total annual income of approximately £54,770.
Services
The property benefits from Water, Gas and Electric utilities. Please note that during the course of our inspection, none of these were tested.
Size
This accommodation has a Gross Internal Area of 265 m2 (2,863 ft2).
Viewing
To arrange a viewing, please contact Dawsons Commercial on the contact details below;
Lowri Williams
01792 478908
lowri.williams@dawsonsproperty.co.uk
Joe Demarco
01792 478907
joe.demarco@dawsonsproperty.co.uk