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Silverwing Retail Park, Carmarthen Road, Swansea, SA5 4DL

£1,050,000

£135.68 per sq ft

Business rates & charges may apply

Bromwich Hardy LLP, Coventry
SIZE AVAILABLE

7,739 sq ft

719 sq m

SECTOR

High street retail property for sale

Key features

  • Located to the north west of Swansea city centre, Wales' second largest city
  • Let to 3 Tenants - Majestic Wine, DP Reality (t/a Dominos), & American Golf
  • Rental Income - £84,655 p.a.
  • Great road communications, with the M4 motorway located 2 miles to the north.
  • Properties have excellent exposure, fronting Carmarthen Road.
  • Offers in excess of £1,050,000 reflecting a net initial yield of 7.62%

Description

The buildings were constructed in the 1990s and comprise three adjoining units let to household brands - American Golf, DP Reality (t/a Dominos Pizza) & Majestic Wine. A breakdown of the leases are detailed below:

Unit 1 - Let to American Golf (Trading) Ltd on a 10 year term, lease expiring 20/05/34, at a rent of £33,500 p.a. There is a tenant only break option on 20/05/29 and an upwards only rent review to open market on 21/05/29

Unit 2 - Let to DP Reality Ltd (t/a Dominos) on a 20 year term, expiring 2036 at a rent of £20,655 p.a. There is a tenant only break option on 14/01/26 and five yearly upwards only rent reviews, with the next being 15th January 2026.

Unit 3 - Lease renewal agreed with Majestic Wine Warehouses Ltd on a new 10 year lease at £30,500 p.a. There will be a tenant only break option and an upwards only rent review at year 5.

Brochures

Silverwing Retail Park, Carmarthen Road, Swansea, SA5 4DL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Gowerton Station1.9 miles
  • Swansea Station2.6 miles
  • Llansamlet Station4.7 miles

About Bromwich Hardy LLP, Coventry

1 The Cobalt Centre Siskin Parkway East, Middlemarch Business Park, Coventry, CV3 4PE

Bromwich Hardy is a dynamic property consultancy and agency based in the heart of the Midlands, Coventry.

Founders of the company, Richard Hardy and Tom Bromwich, have over 50 years of experience between them, dealing with all aspects of the commercial property market.

They are both very well known in the industry and have complementary skills and expertise. Tom Bromwich has an unparalleled and intimate knowledge of the Midland's regional market and Richard Hardy has a deep understanding of how best to meet the needs of nation-wide organisations with interests right across the UK.

Notes

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