Francis Street, Swansea, SA1
- PROPERTY TYPE
Mixed Use
- BEDROOMS
6
- SIZE
Ask agent
Key features
- Mixed-use freehold investment with dual income streams
- Ground floor let on a 10 year lease, circa 8 years unexpired, with fixed 3% annual uplifts
- HMO licenced, six bedroom student accommodation to the first floor
- Combined income of approx £41,274 per annum on a fully let basis, offering an indicative GIY of 10.34%
- Prominent commercial frontage with established trading occupier
Description
The property comprises a mixed-use investment arranged over ground and first floor, of traditional construction beneath a pitched, tiled roof incorporating twin front dormers. The ground floor is configured as self-contained commercial premises, currently let as a personal training studio, with prominent glazed frontage to Francis Street. The upper floors provide a self-contained six-bedroom student accommodation, comprising a fitted kitchen/diner, communal living room, and bathroom facilities.
Summary
Available Size - 2,776 sq. ft
Price - £399,000
VAT - To be confirmed
Legal Fees - Each party to bear their own costs
EPC Rating - Upon enquiry
Description
The property comprises a mixed-use investment arranged over ground and first floor, of traditional construction beneath a pitched, tiled roof incorporating twin front dormers. The ground floor is configured as self-contained commercial premises, currently let as a personal training studio, with prominent glazed frontage to Francis Street. The upper floors provide a self-contained six-bedroom student accommodation, comprising a fitted kitchen/diner, communal living room, and bathroom facilities.
Location
Francis Street is situated within the well-established residential and student district of Brynmill, one of Swansea's principal student residential areas, lying immediately to the west of the city centre and within close walking distance of Swansea University's Singleton Park Campus. The immediate locality comprises a mix of residential terraced dwellings, local convenience retail, and complementary commercial occupiers, including nearby dental and personal training/fitness uses, reflecting sustained local occupier demand.
The property benefits from excellent access to local amenities, including Brynmill Park and Swansea Bay's seafront and promenade, both within short walking distance. Swansea city centre, with its principal retail, leisure, and transport facilities, together with Swansea mainline railway station, is readily accessible, as is the University's main campus, sustaining strong and consistent demand for student accommodation within the immediate vicinity.
Accommodation
Ground - Commercial Unit - 1,243 sq ft - 115.48 sq m - Available
1st - First Floor Living Accommodation - 1,533 sq ft - 142.42 sq m - Available
Total 2,776 sq ft - 257.90 sq m
Terms
The Freehold interest is for sale with an asking price of £399,000 excl.
A purchase at the asking price would represent a Gross Initial Yield of 10.34% assuming the upper floors are let at the previous rent.
Tenure
The ground floor unit is let to Personal Training Studio at £14,214 per annum (inc VAT), with annual 3% increases.
The first floor is currently vacant, previously fully let at £27,060 per annum (£410 per room).
Brochures
Brochure 1Francis Street, Swansea, SA1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Swansea Station1.2 miles
- Gowerton Station3.9 miles
- Llansamlet Station4.7 miles
About Rees Richards and Partners, Swansea
12 Spilman Street, Carmarthen, SA31 1LQ
Notes
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