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Mansel House, Mansel Street, Swansea, SA1 5UE

For Sale £ 495,000 For Sale
Swansea City Centre  SA1 5UE Commercial Commercial Commercial Department » Print this page

 

Situation
Mansel House is situated on Mansel Street, Swansea, an approximate 5 minute walk from the Quadrant Bus Station. Situated on a busy thoroughfare, this property is located in a prominent position and attracts local occupiers seeking office space.
Mansel Street is home to all types of businesses including A1, A2, and A3 users.
Description
Briefly, this three storey mixed use building has recently been renovated to a high standard and is occupied by local covenants. The ground floor has A1 and A2 users whilst the first and second floors are used as office space.
Office space on Mansel Street is sought after with covenants ranging in strength.
Lease Details
There are currently three Tenants occupying the property, all with leases varying in length. These leases are available to view at our office. There is a single unit available which is being marketed for £6,000 per annum.
There is currently an income of £40,500 per annum exclusive with the potential to achieve £46,500 per annum. Based on the current rents, a Gross Initial Yield of 8.18% is possible with the potential to achieve a yield of 9.39%.
Terms
The Freehold interest in our clients property is available to purchase for £495,000 (Four Hundred and Ninety Five Thousand Pounds).
Viewing
To make an appointment to view this premises, all interested parties are advised to contact the Sole Selling Agent, Dawsons Commercial.
Under no circumstances are any approaches to be made to the current Tenants.

Situation
Mansel House is situated on Mansel Street, Swansea, an approximate 5 minute walk from the Quadrant Bus Station. Situated on a busy thoroughfare, this property is located in a prominent position and attracts local occupiers seeking office space.Mansel Street is home to all types of businesses including A1, A2, and A3 users.


Description
Briefly, this three storey mixed use building has recently been renovated to a high standard and is occupied by local covenants. The ground floor has A1 and A2 users whilst the first and second floors are used as office space.Office space on Mansel Street is sought after with covenants ranging in strength.


Lease Details
There are currently three Tenants occupying the property, all with leases varying in length. These leases are available to view at our office. There is a single unit available which is being marketed for £6,000 per annum.There is currently an income of £40,500 per annum exclusive with the potential to achieve £46,500 per annum. Based on the current rents, a Gross Initial Yield of 8.18% is possible with the potential to achieve a yield of 9.39%.


Terms

The Freehold interest in our clients property is available to purchase for £495,000 (Four Hundred and Ninety Five Thousand Pounds).


Viewing
To make an appointment to view this premises, all interested parties are advised to contact the Sole Selling Agent, Dawsons Commercial.Under no circumstances are any approaches to be made to the current Tenants.

Andrew Cox
01792 478 907
andrew.cox@dawsonsproperty.co.uk

Matthew Mason
01792 478 908
matthew.mason@dawsonsproperty.co.uk