Commercial Retail

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NEW - 87 Robert Street, Manselton, Swansea, SA5 9NA

For Sale £ 215,000 For Sale
Manselton  SA5 9NA Retail Commercial Commercial Department » Print this page

Situation & Description

This substantial detached mixed use premises is situated on Robert Street, Manselton. The suburb is predominantly residential in nature but does have several commercial properties.

This premises briefly comprises a long-established café to the ground floor which is occupied by a local covenant. The café comprises an open plan seating area with prep area, stores and customer washing facilities to the rear.

The upper floors comprise a deceptively spacious three-bedroom self-contained flat with living room, open plan kitchen/dining room and bathroom.

The upper floor further comprises self-contained stores to the rear and could be sublet to another Tenant.

Externally, the property comprises a garage measuring c. 2,000 sqft and is let to a local covenant.

Services

The premises benefits from all utilities. During the course of our inspection, none of the utilities were tested.

Terms

We are advised that the premises is currently producing a gross annual income of £20,640.

Our client’s Freehold interest in the premises is For Sale at an initial asking price of £215,000 (Two Hundred and Fifteen Thousand Pounds). Based on the income and asking price, a gross initial yield of 9.6% is achievable.

Viewing

To arrange an appointment to view the property, please contact the sole selling agent on the details below. Be advised that under no circumstances are the occupiers to be approached.

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

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