1 St Teilo Street, Pontarddulais, Swansea, SA4 8TH
For Sale
£395,000
Brief Description
- FREEHOLD FOR SALE - £395,000
- Investment Opportunity
- Ground Floor Commercial Premises
- Upper Floor Residential Premises
Full Description
Situation
Situated within Pontarddulais, this end terrace mixed use property benefits from a prominent trading position on St Teilo Street. Predominantly residential, the suburb does benefit from commercial parades and a high street.
Description
The property briefly comprises of a mixed commercial and residential premises.
The ground floor comprises of A1 retail space to the front and rear, mixed with office space and storage areas. There are kitchen and WC facilities within ground floor also.
The upper floors comprise of two spacious flats, a two double bedroom flat to the front and a four double bedroom flat to the rear. Both flats benefit from fully fitted kitchens, bathrooms and spacious living rooms and bedrooms.
There is a large attic space to the second floor, which provides a great conversion opportunity.
There is also access to the upper floors to the side of the premises and to the rear via the garden.
Services
The property benefits from all mains utilities. No utilities were tested during the course of our inspection.
Lease Terms
We are advised that the ground floor wool shop is let to a local covenant at a passing rent of £7,800 per annum.
The ground floor candle shop is let to a local covenant at a passing rent of £3,120 per annum.
The ground floor office suites/storage areas are let for a combined passing rent of £6,760 per annum.
The first floor front two-bedroom flat is let for £6,600 per annum. The first floor rear four-bedroom flat is let for £9,600 per annum.
This would provide a gross annual income of £33,880 per annum.
Terms
The Freehold interest in our clients premises is available For Sale at an asking price of £395,000.
Viewing
Please contact the sole selling agent, Dawsons below;
Joe Demarco
joe.demarco@dawsonsproperty.co.uk
01792 478907