Multi Purpose Building with A3 ground floor commercial unit with vacant first and second floor commercial space. Good Investment Opportunity located on the ever popular Kingsway within City Centre of Swansea. The upper floors could be suitable for residential development in this popular area, subject to any necessary consents.
The ground floor A3 premises is currently being tenanted by a popular Noodle Bar. The takeaway comprises of seating area throughout with a serving area and kitchen to the middle and rear. There are also WC and storage. The first and second floors are currently vacant, but were previously occupied by a popular Barber. The first floor and second floor comprises of a mixture of open salon space, offices, stores with kitchen and WC's.
Ground floor A3 premises is currently let on 15 year lease from 2022 at £12,000 pa. First & Second floor commercial previously let for £8,400. (Previous informed total income of £20,400 pa. IG Yield 10.7%).
Situated amongst a variety of shops on The Kingsway, Swansea, this premises occupies a prominent kerbside trading position. The building is situated in a prominent location right in the centre of The Kingsway and in brief comprises of a ground floor commercial A3 premises, along with first and second floor commercial space.
GF - Occupied A3 Commercial Unit. Kitchen, stores. WC.
FF - Vacant front and rear salon space. WC.
SF - Vacant salon space, office, stores. WC
Informed Leasehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 4 February 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 3 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 4 February 2025
02/05/2001
125 years (101 years unexpired)
£2,000
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
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