Prominent Long Leasehold office suite investment
Office suite fully let to Daiwa House Modular Europe LTD at a rent of £44,000 per annum

Key Features

• Long Leasehold office suite investment occupying a prominent waterside location
• Located in the SA1 waterfront development with direct transport links into Swansea City Centre and M4 Corridor via Fabian way
• Single Let to Daiwa Modular Europe LTD on a 5 year FRI lease from 16th September 2022 expiring 15th September 2027.
• Rent passing at £42,000 in Year 1, £44,000 in Year 2 & 3, rising to £46,500 per annum in Year 4 & 5
• Long Leasehold interest of 999 years for sale from 2008, Peppercorn rent
• Office suite includes 10 designated car parking spaces

Description

Ethos is one of Swansea's leading office developments which is a detached four storey purpose-built office building and comprises the following specification:

- Underground carpark & bike racks
- Shared W.C Facilities
- Passenger lift
- Communal reception area
- Meeting and conference rooms
- Breakout rooms
- Visitor parking
- Cafe
- Terrace

Location

Located within the Ethos building and the SA1 Waterfront development, on the edge of Swansea City Centre and approximately four miles to the west of junction 45 of the M4 Motorway.
The Ethos building fronts onto Kings Road, overlooks the city and river to the rear and has a prominent position within the waterfront development.

Tenancy Information

The Suite is let to Daiwa House Modular Europe at a rent of £42,000 in Year 1, rising to £44,000 in Year 2 & 3, and £46,500 in Years 4 & 5 on a full repairing and insuring lease by way of service charge for a term of 5 years from 16th September 2022.

Tenure

Long Leasehold subject to occupational leases.