Property photos
Just added
£365,000
(£175.73/sq. ft)
Retail premises for sale
Newton Road, Swansea SA32,077 sq. ft
Local area information
Property location
Nearby amenities
- Oystermouth Primary School 0 miles
- Grange Primary School 0.4 miles
- Swansea Queens Dock Ferry Terminal 4.2 miles
- Swansea 4.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Investment Opportunity
- Situated on a popular Newton Road
- Freehold For Sale
- Offers In The Region: £365,000
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
Joe Demarco
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
Joe Demarco
More information
Listed by
Dawsons - Swansea Sales, Auction and Commercial
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