The Kingsway, City Centre, Swansea, SA1
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
Ask agent
Key features
- City Centre Location
- Investment Property
- Tenant in situ
- Long Term Tenant - 5 Years
- Large Studio Apartment
Description
One of the Largest Studio Apartments in Portland House | 5-Year Tenant in Situ | 14.1% Gross Yield
An excellent investment opportunity to acquire one of the largest studio apartments within the sought-after Portland House development on The Kingsway, Swansea City Centre.
The property is currently let to a tenant who has been in occupation for approximately 5 years, paying £725 pcm (£8,700 per annum), providing an established rental income from day one and making this an ideal investment for a landlord seeking a property with a strong rental history.
Based on the current purchase price, the property offers an attractive 14.1% gross rental yield before ground rent, making it a particularly appealing investment opportunity.
Situated on the second floor, the spacious studio offers a generous open-plan living and sleeping area, contemporary fitted kitchen with integrated appliances and a modern shower room. Further benefits include gas central heating, double glazing, secure intercom entry and communal laundry facilities.
Ideally located in the heart of Swansea City Centre, within easy walking distance of shops, restaurants, Swansea Marina, the waterfront and excellent transport links.
A rare opportunity to acquire one of the larger studios in Portland House with a long-standing tenant and strong rental return. 979 years remaining on the lease
EPC rating: C. Tenure: Leasehold, Service charge description: Bi annually £1253.87,DISCLAIMER
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Belvoir nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
REFERRALS DISCLAIMER
Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. We can refer you on to The Mortgage Advice Bureau (MAB) for help with finance/mortgages/insurance. We may receive a fee of up to £500 (incl VAT) if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to a number of local solicitors. We may receive a fee of up to £150 (incl VAT) if you use their conveyancing services. If you require a survey, we can refer you to Structural Surveys UK, and we may receive a fee of £60 (incl vat) if you use them. For more information, please speak to a member of the team.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Higher than 2nd floor (no lift)
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Visit our security centre to find out moreDisclaimer - Property reference P5483. 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 Belvoir, Mumbles. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.