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For Sale : 1 & 2/2a Walter Road | 1 & 2/2a Walter Road , SA1 5NE

Price: £260,000

Property Details

DESCRIPTION & LOCATION

The freehold interest of 1 & 2/2a Walter Road, Swansea is for sale. The premises for sale include three commercial premises which are fully let and three flats to be let on long leases.

Situated in a prominent position on one of Swansea’s main arterial roads. Located on the edge of the city centre directly opposite Peter Alan Estate Agency.

Surrounding occupiers include a mixture of local businesses, retail outlets and cafes. This investment is available as a whole or as two separate units (1 Walter Road and 2/2a Walter Road.

N.B. Copy leases available upon request.

The upper floors have been converted into residential apartments and have been re-developed to a high standard and offer fantastic open plan kitchen/living rooms, with all three apartments providing two bedrooms. This popular location is convenient for city centre living with a range of retail and leisure offerings nearby. The apartments’ leasehold interest are available for sale separately.

TENANCIES

Address

Tenant

Lease Term

Rent

Break Date

1 Walter Road

Whitehead-Ross Educating & Consulting

5 years from 30.04.18

£12,000 p/a

30.04.20

2a Walter Road

Cartridge World Wales Ltd

5 years from 29.09.17

£10,000 p/a

29.09.20

2 Walter Road

Katie Goddard

4 years from 16.11.18

£6,600 p/a

16.11.19

 

TOTAL RENT

 

£28,600

 

TENURE

Our clients freehold interest is available for sale.

1 Walter Road - £109,000

2/2a Walter Road - £151,000

There are two flats above no.1 and one flat above no.2 which will be let on long leases with a predicted ground rent of £250 p/a per flat.

BUSINESS RATES

The properties have the following rateable values:

1 Walter Road - £9,300

2 Walter Road - £7,400 (subject to re-assessment)

2a Walter Road - £7,300 (noted on VOA website as 1a Walter Road)

UBR for Wales 2019/20 52.6p in the £

EPC

Energy Performance Certificates have been commissioned and will be available to view shortly.

VAT

All figures exclusive of VAT, where applicable.

VIEWING ARRANGEMENTS

NICK FOUNDS           ADAM HARRIS

01792 479845            01792 479841

@ nick@rj-cs.co.uk             @ adam@rj-cs.co.uk

 

Location

1 & 2/2a Walter Road

Swansea

SA1 5NE

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