73 Newton Road, Mumbles, Swansea, SA3 4BL
For Sale
£295,000
Brief Description
- Investment Opportunity
- For Sale – Offers in the Region of £295,000
- Income £14,440 per annum
- Situated on a popular Newton Road
Full Description
Situation
This commercial 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, the property comprises a ground floor commercial unit, currently occupied by a popular beauty salon, together with separate office accommodation on the first and second floors. We note that the first floor is currently vacant, while the second floor is tenanted.
The ground floor provides an open retail/showroom area to the front, an additional treatment room to the middle, and kitchen and WC facilities to the rear.
The first floor comprises two office suites to the front, bathroom/WC facilities in the middle, and a kitchen to the rear.
The second floor comprises two office suites.
Size
This unit has a Net Internal Area of 98 m2 (1,053 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 Freehold interest in our client's premises is available For Sale by offers in region of £295,000.
The ground floor commercial unit is let on a five-year lease from 2025 at a rent of £11,440 per annum.
The second-floor office is occupied under a rolling tenancy at a rent of £3,000 per annum.
The combined annual rental income is therefore £14,440 per annum, with the potential to increase this income through the letting of the currently vacant first-floor office.
Rateable Value
Interested parties are encouraged to discuss the business rates with the Valuation Office directly.
Viewing
Please contact Dawsons Commercial to arrange a viewing.