54 Newton Road, Mumbles, Swansea, SA3 4BQ
For Sale
£365,000
Brief Description
- Investment Opportunity
- Situated on a popular Newton Road
- Freehold For Sale
- Offers In The Region: £365,000
Full Description
Situation
This mixed-use investment opportunity comprises of a ground floor commercial space and 3 residential flats. The premises is situated on Newton Road, The Mumbles. The Mumbles is a popular tourist area and is approximately 4 miles from Swansea City Centre. Local occupiers include bars, coffee shops, popular local boutiques and national occupiers including Tesco, Marks and Spencer and Greggs.
Description
Briefly, this accommodation comprises a ground floor commercial premises, currently tenanted by a well-known Osteopath.
The 3 residential flats are all one bedroom which have been renovated to a high standard.
Size
This Ground floor unit has a Gross Internal Area (GIA): 88 Sqm (947 Sq ft)
Flat 1 GIA: 36 Sqm (388 Sq ft)
Flat 2 GIA: 32 Sqm (344 Sq ft)
Flat 3 GIA: 37 Sqm (398 Sq ft)
Services
We understand that the property benefits from all mains services. Please note that these were not tested during the course of our inspection.
Terms
The Ground Floor Commercial unit is on a 5-Year lease which expires in 2029 at annual rent of £10,000 on Internal Repairing terms
Flats 1 & 3 currently yield £650 per calendar month
Flat 2 yields £575 per calendar month
The total annual income combined is approximately £32,000 giving a Gross Yield of around 8.5%.
Viewing
Please contact Dawsons Commercial on the contact details below to arrange a viewing:
Marcus Man
01792 478908
marcus.man@dawsonsproperty.co.uk
Joe Demarco
01792 478907
joe.demarco@dawsonsproperty.co.uk
Floor Plan
EPC
