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1 Wind Street, Abertawe, SA1 1DE

  • Retail
  • 1,392 sq ft
  • For Sale
1 Wind Street, Abertawe, Retail For Sale - IMG_6408.JPG
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1 Wind Street, Abertawe, Retail For Sale - IMG_2353.jpg
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Under Offer
Property Type Retail
Tenure For Sale
Size 1,392 sq ft
Price Offers in the region of £150,000
Business Rates Upon Enquiry
Energy Performance Rating This property has been graded as D

Ideal Investment with 15 Year Lease with a Passing Rent of £14,000 P.A

Key Features

  • Investment Sale
  • First And Second Floors Require Renovation
  • Passing Rent £14,000 P.A
  • Ground floor ITZA 438 sq.Ft
  • EPC - D

Description

The property comprises a mid-terraced, three storey property (excluding basement). The entirety of the property is let to the current tenant. The ground floor is utilised as a takeaway with the remainder of the building largely unused.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground - Ground Floor ITZA 438 40.69 Under Offer
1st - First Floor 417 38.74 Under Offer
2nd - Second Floor 537 49.89 Under Offer
Total 1,392 129.32

Location

This retail premises is located on Wind Street, a popular nightlife area in Swansea’s City Centre offering a mix of restaurants and bars.

Swansea is Wales’ second largest city. The M4 motorway runs along the north of the city providing access to the city at junctions 42-47. Swansea is approximately 40 miles to west of the capital city of Cardiff and approximately 28 miles to the east of Carmarthen in West Wales.

Tenure

The property is held freehold and is being sold with the current lease in place.

Lease Details

Tenant – Eatalian’s Ltd
Term – 15 Years from 29th September 2019
Rent Review – 29th September 2024/2029
Break Option – 25th December 2029
Passing Rent - £14,000 P.A

Business Rates

Rateable Value £10,750
UBR for Wales 2023/24 53.5 p in the £

Interested parties are asked to verify this information by contacting the local authority.