For Sale : 137 Mumbles Road | 137 Mumbles Road, Mumbles, SA3 4DN
Property Details
LOCATION
The subject property is located within the popular seaside village of Mumbles. The property is situated in very close proximity to the new ‘Oyster Wharf’ development with tenants including Pierre Bistro, Loungers and Prezzo. Other nearby occupiers include Seasalt, Joules, Mountain Warehouse and Peacocks.
DESCRIPTION
This investment opportunity comprises a retail unit on the ground floor which is currently let to Cats Protection and a 3-4 bedroom flat on the upper floors which is currently vacant.
PRICE
Offers in excess of £450,000
TENURE
The freehold interest is available for sale.
RENT REVIEW & BREAK OPTION
The lease contains an upward only rent review on 16th May 2022.
The tenant has an option to break the lease on 16th May 2022.
ACCOMMODATION
|
1ST & 2ND Floor flat |
Size ft. |
|
Lounge |
22.2 x 15.6 |
|
Bathroom |
6.2 x 10 |
|
Kitchen |
10 x 11.9 |
|
Dining room |
12.2 x 15.7 |
|
Bedroom 1 |
14.2 x 15.7 |
|
Bedroom 2 |
9.5 x 15.5 |
|
Bedroom 3 |
8.4 x 15.4 |
TENANCY
|
Tenant |
Lease Term |
Rent |
|
|
Ground floor retail |
Cats Protection Trustee Limited |
10 years from 16th May 2017 |
£25,000 |
BUSINESS RATES
Rateable Value £21,750
UBR for Wales 2020-21 53.5p in the £
Interested parties are asked to verify this information by contacting the local authority
137a Council tax band - D
VIEWING ARRANGEMENTS
NICK FOUNDS ADAM HARRIS
01792 479845 01792 479841
@ nick@rj-cs.co.uk @ adam@rj-cs.co.uk
VAT
All figures exclusive of VAT, where applicable.
EPC
137 Commercial Rating D-90
137a Residential Rating G-6
Location
137 Mumbles Road
Mumbles
Swansea
SA3 4DN