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COMMERCIALSOLD STC

St Helens Road, Swansea, City And County of Swansea.

£275,000
Clee Tompkinson & Francis, Swansea
PROPERTY TYPE

Mixed Use

BEDROOMS

4

BATHROOMS

1

SIZE

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Key features

  • Large four storey investment property
  • Situated in central Swansea
  • Fully occupied
  • Commercial print shop to basement and ground floor
  • Self contained 4 bed HMO to first and second floor
  • Ideal investment property
  • Average total income of £24,750 per annum.

Description

* INVESTMENT * Commercial/Residential Mixed * A four storey fully let mixed use building for sale in Swansea City Centre. Accommodation includes; Commercial element; ground floor and basement shop currently occupied by a printer namely T/A Pontaprint. To the first and second floor is a self-contained four bedroom HMO duplex, which can be accessed directly from the main pedestrian walkway. This also has the potential to be converted to a 5 bedroom HMO, subject to the necessary planning. The print shop is let for £12,000 per annum, Average rents for the HMO: 3 X £325pcm & 1 X £300pcm £12,750pa (10 month contract). Average total income per annum of £24,750. Gross Yield 9%. CTFCP

Ground Floor

Net internal area circa 60sqm
Retail unit comprising a small office room and staff room & W.C. Facilities. Leading to:

Basement

Net Internal Area Circa 54sqm.
Basement separated into three store rooms with kitchen facilities and access to enclosed rear courtyard.

4 Bed HMO

Net internal area circa 125sqm.

First Floor

Lounge

5.90m x 4.40m (19' 4" x 14' 5")

Two double glazed window to front, two radiators.

Kitchen

3.00m x 2.90m (9' 10" x 9' 6")

Fitted and wall and base units, Integrated electric oven, extractor fan, stainless steel sink, tile splash back, space for fridge freezer, plumbing for washing machine, vinyl floor, double glazed window to rear.

Bedroom

4.20m x 3.70m (13' 9" x 12' 2")

Double glazed window to rear, radiator.

Second Floor.

Hall

4.60m x 2.10m (15' 1" x 6' 11")

Radiator.

Bedroom

4.30m x 3.30m (14' 1" x 10' 10")

Double glazed window to rear, radiator.

Bedroom

4.40m x 3.00m (14' 5" x 9' 10")

Double glazed window to front, radiator.

Bedroom

3.30m x 2.50m (10' 10" x 8' 2")

Double glazed window to front, radiator.

Bathroom

3.40m x 2.80m (11' 2" x 9' 2")

Walk in shower enclosure, panelled bath, low level WC, pedestal wash hand basin, tile effect flooring, tile splash back, LED spots, frosted double glazed window to rear.

Information

As stated on the VOA website the Rateable Value for the subject premises is as follows:

Rateable Value (2017): £8,300

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2021-22 the multiplier will be 0.535.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6000 will receive 100% relief and those with a rateable value between £6,001 and 12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

The 4 bedroom HMO is rated under Council Tax Band C.

Terms & Tenure - The premises is available Freehold subject to the lease details enclosed herein.

Tenancy Schedule - Retail Unit (Ground Floor and Basement):
Let initia

St Helens Road, Swansea, City And County of Swansea.

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Swansea Station0.7 miles
  • Gowerton Station4.1 miles
  • Llansamlet Station4.2 miles
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Notes

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Disclaimer - Property reference PRM11875. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clee Tompkinson & Francis, Swansea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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