Property Information
Address:
397 The Kingsway, Swansea
, SA1 5LS
Price: Property no longer available.
Size: 1358 sq ft126 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH491893
Property Ref/Agent: 108
*Please use the agent ref when calling the agent directly.
Property description
Retail Investment For Sale
A two storey mid-terraced retail unit held over a Long Leasehold Interest for a term of 150 years from 17 April 2014 (at a peppercorn rent).
The premises is currently occupied by A.E. Bowen & E.J. Davies T/A Vogue Interiors at a passing rent of £9,500 per annum. The Tenant is currently holding over.
Negotiations are on-going for a proposed term of 10 years from 1 October 2015 at a proposed rent of £8,700 per annum. The Lease provides for a Break Clause in September 2020.
TWO STOREY RETAIL UNIT
PROPOSED 10 YEAR TERM (CURRENTLY HOLDING OVER)
BUSY SECONDARY RETAIL LOCATION
PROPOSED RENT £8,700 PA
POTENTIAL GROS INITIAL YIELD 9.66%
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