Commercial Office

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NEW - 47 Mansel Street, Swansea, SA1 5SW

For Sale £ 110,000 For Sale
Swansea City Centre  SA1 5SW Office Commercial Commercial Department » Print this page

Situation

Situated on Mansel Street within the business district of Swansea close to Swansea City Centre, this mid terrace occupies a prominent trading position and is conveniently located within a 5 minute walk to the City Centre.

Description

The premises comprises a ground floor A3 premises currently occupied by a café operator. The ground floor comprises seating area, WC, prep area, and kitchen with access to an external garden.

The upper floor comprises space currently occupied by an Osteopathist. The upper floor benefits from treatment spaces, office space, and WC facilities.

Services

The property benefits from mains water and electric utilities. No utilities were tested during the course of our inspection.

Lease Terms

The ground floor is occupied by way of a lease dated 13th January 2018 for a term of 3 years. Under this lease, the passing rent is £6,700 per annum exclusive.

The upper floor is occupied by a local covenant who is currently holding over at a passing rent of £2,500 per annum exclusive.

Terms

Our clients Freehold interest in the premises is available For Sale at an asking price of £110,000 (One Hundred and Ten Thousand Pounds). This reflects a potential gross initial yield of 8.36%.

Rateable Value

Each is responsible for the respective rates payable on each floor. For further information, please speak to the local authority.

Viewing

Strictly by way of appointment only. Please contact the sole selling agent Dawsons, on the contact details below. Under no circumstances is any approach to be made to the occupiers.

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

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