Co Op, Trawler Road, Maritime Quarter, Swansea, SA1 1LB
Under Offer
£600,000
Brief Description
- Commercial Premises
- Good Investment Opportunity
- Available for Offers - £600,000
- Annual Income - £44,720
- ROI – 7.4%
Full Description
Situation
Situated within a popular mixed-use commercial and residential property on Trawler Road, this ground floor commercial premises benefits from a prominent trading location within the Marina district of Swansea. The Marina is popular with both residential accommodation and commercial occupiers. The commercial occupiers include a mix of popular bars, restaurants, and retail premises.
Description
The premises is a ground floor commercial A1 premises, currently tenanted by the popular retail shop the Co Op.
The premises benefits from an open showroom to the shopfront, with ancillary storage and WC facilities to the rear.
The premises has good access from street for deliveries, also with good security measures in place.
Terms
The long leasehold interest in our client’s property is available to purchase at an initial asking price of £600,000.
The Head lease is for 150 years starting from 25th December 2007.
The Tenant is on a Full Repairing and Insuring lease. The lease length is 15 years and started on 21st November 2014, ending on 20th November 2029. Rent reviews are the 5th anniversary of 21st November 2019.
The current passing rent is £44,720 per annum, there is also VAT and service charge, the tenant is liable for these charges.
The lease will be made available for serious interested parties only.
Services
We understand the premises benefits from all mains services. None were tested during our inspection.
Viewing
To arrange a viewing or to discuss further, please contact Dawsons, on the contact details below;
|
Joe Demarco 01792 478907 Joe.demarco@dawsonsproperty.co.uk |
James Dawson - MRICS |