Imperial House, Neath Road, Landore, Swansea
For Sale £ 795,000 For Sale
This large investment opportunity is situated on Neath Road, Landore, approximately 15 minutes from Swansea City Centre. Landore is a predominantly densely populated residential suburb that benefits from links to regular public transport, and conveniently situated close to Morriston.
Briefly, this property comprises fourteen self contained flats all varying in size which have been recently renovated to an extremely high standard. We have been advised that there are parking facilities available for all flats. We have been advised that there is potential for additional development.
All fourteen flats are currently occupied under Assured Shorthold Tenancy Agreements, all varying in length and rents.
There is currently an income of £75,000 per annum. Based on the current rents, a Gross Initial Yield of 9.43% is potentially achievable.
The Freehold interest in our clients property is available to purchase for £795,000 (Seven Hundred and Ninety Five Thousand Pounds).
To make an appointment to view this premises, all interested parties are advised to contact the Sole Selling Agent, Dawsons Commercial.
01792 478 907
01792 478 908