Ref. 123 - REDUCED - 1 Wern Fawr Road, Port Tennant, SA1 8LQ
For Sale £ 150,000 For Sale
The property is situated on Wern Fawr Road, St Thomas, approximately 10 minutes from Swansea City Centre. St Thomas is densely populated by residential property and attracts students and families alike. Neighbours include a school, pharmacy and drinking establishments.
This property benefits from being situated close to bus stops and benefits from regular levels of passing public transport.
Briefly, the property comprises a ground floor commercial A3 premises with separate access to a first floor and second floor flat. The flat on the first floor briefly comprises living and kitchen area with bathroom and two bedrooms.
The second floor flat briefly comprises living and kitchen area with bathroom and one bedroom.
The property benefits from all mains utilities. Please note that during the course of our inspection, none of these were tested and interested parties should rely on the advice of a contractor.
The ground floor occupier is currently occupying on a lease with 5 years remaining with a gross annual rent of £5,520.
Both flats are held on AST agreements with a gross annual rent of circa £8,800.
The property provides a total gross annual rent of £14,320. This will return a potential gross initial yield of 10.47%.
Lease details are available upon request.
The Freehold interest in our clients property is available to purchase. Our client will consider offers in excess of £150,000 (One Hundred and Fifty Thousand Pounds).
Each party is responsible for their own legal fees.
To arrange a viewing, please contact the sole selling agent, Dawsons on the contact details below:
01792 478 907
01792 478 908