68-69 Woodfield Street, Swansea, West Glamorgan, SA6 8BQ
£375,000 Retail + flats
- Area size: 3584 sq ft
- Type: Retail + flats
- number of flats: 4
- Flat details: 1x 3 bedroom flat, 2x 2 bedroom flats, & 1x 1 bedroom flat
The premises are located on Woodfield Street. Morriston is a suburban shopping area approximately four miles North of Swansea city centre and one mile South of junction 45 of the M4 motorway.
Woodfield Street is a busy commercial thoroughfare attracting both national and local occupiers. Surrounding occupiers include Wilkinsons, Dominos, Spar, Subway, HSBC, Lloyds, and many more national and good local operators.
Retail store
The property comprise a mid terrace commercial premises providing one large open plan ground floor sales area with substantial shop frontage to Woodfield Street and return to Martin Street. There is a suspended ceiling, central heating, staff toilet area leading to rear access.
Freehold on whole building Or retail store can be purchased on a long term leasehold Or residential can be purchased on a long term lease hold Prominent high street position Excellent tenanted rental income from 4 large flats producing £21,000 p/annum Retail shop available as freehold or lease
The premises benefit from the following:
Highly prominent position
Excellent frontages
Income Producing from flats when bought as a complete unit
Suitable for a Variety of uses, subject to planning
Residential flats
There is an annual income of £21,000 from 4 very large, self contained and modern flats. These flats are a mix of:
1 x large 3 bed flat
2 x large 2 bed flats
1 x large 1 bed flat.
AREA AND DIMENSIONS
All areas are approximate and interested parties are advised to verify measurements themselves.
| Description | sq m | sq ft |
| Retail Sales Area | 333 | 3,584 |
| First Floor | small bathroom | |
| Total | 333 | 3,584 |
TENURE
The freehold interest for the entire property (retail and residential) is offers in excess £375,000.
Shop only long term leasehold £225,000
Residential only long term leasehold £210,000
Or shop rent only is £30,000 p/a on a 5 year lease
Legal Costs
Each party to be responsible for their own legal costs incurred in an outright purchase transaction of the entire building. If split into a long term leasehold sale the costs are to be covered by the purchaser
Rates
The rateable value for the retail shop is £12,000. Rates payable £4,908
VAT
There is no VAT on the purchase of this property
Further Information
Viewing by appointment only with MH Properties
Tel: 01793-388622
Mobile: 07831486927 or 07551005118
Email: mhpropertiesuk@yahoo.co.uk
website: www.mhproperties.uk