Property photos
Freehold
Offers in region of
£850,000
(£39.41/sq. ft)
Industrial for sale
Kingsway Business Centre, Kingsway, Fforestfach, Swansea SA521,568 sq. ft
Local area information
Property location
Nearby amenities
- Cadle Primary School 0.3 miles
- Gendros Primary School 0.8 miles
- Gowerton 2 miles
- Swansea 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold Mixed Use Investment
- Current giy 9.4% with Opportunity To Grow To 11.2%
- Asset Management Opportunity
- 5 Self Contained Units
- Prominent Building with Easy Access to M4
- Expansion Land to Rear
Description
An opportunity to acquire an established and well occupied business centre in Fforestfach, Swansea. The investment provides a strong giy, whilst also offering scope to grow the return further through the letting of one vacant unit that is currently used as temporary storage.
Current income is £79,900 with the opportunity to grow to c.£96,000 following letting on the final unit.
We consider that the investment offers an asset management opportunity to undertake a refurbishment program allowing an increased rental level to be achieved in line with the local market.
The buildings comprise a mix of uses including A3 Café, B1 offices and B2 light industrial.
Location
The property is located on the Kingsway which is just off the main arterial route in to Swansea City Centre with direct access to the M4 motorway.
Businesses in close proximity are housed within two large retail retail parks and include M&S, Tesco, Aldi, Cafe Nero, Costa, Home Bargains, Dunelm, B&M and Hobbycraft.
An opportunity to acquire an established and well occupied business centre in Fforestfach, Swansea. The investment provides a strong giy, whilst also offering scope to grow the return further through the letting of one vacant unit that is currently used as temporary storage.
Current income is £79,900 with the opportunity to grow to c.£96,000 following letting on the final unit.
We consider that the investment offers an asset management opportunity to undertake a refurbishment program allowing an increased rental level to be achieved in line with the local market.
The buildings comprise a mix of uses including A3 Café, B1 offices and B2 light industrial.
Location
The property is located on the Kingsway which is just off the main arterial route in to Swansea City Centre with direct access to the M4 motorway.
Businesses in close proximity are housed within two large retail retail parks and include M&S, Tesco, Aldi, Cafe Nero, Costa, Home Bargains, Dunelm, B&M and Hobbycraft.
More information
Listed by
BP2 Property Consultants
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