Industrial for sale

Location

The property is located in the popular Swansea West Business Park, which is located to the south of Fforetsfach Retail Park and Pontardulais Retail Park. Good communication links exist to Swansea City Centre to the south and J47 of the M4 Motorway to the north-west.

Prominent occupiers in the vicinity include Tesco Extra, Cycle Solutions (Halfords), G4S, rnli, Gower College, tnt, City Electrical Factors and Gravells Kia.

Swansea is Wales’ second biggest city with a population in excess of half a million within a thirty-minute drive time. The city is home to two universities, as well as Ospreys Rugby and Swansea City afc.

Swansea is part of the Swansea Bay City Deal, a £1.3 billion investment project supported by UK Government and Welsh Government, projected to produce 10,000 new high-quality jobs.

Description

The property comprises a detached warehouse which has been divided into ten separate units, together with a detached two-storey office building comprising two separate suites. The site benefits from a large car parking area, together with forecourt loading access to each of the industrial units. Three units benefit from dedicated yard areas.

The building occupies a site of approximately 4.13 acres (1.67 ha). Vehicular access to the site is provided from Bruce Road.

Accommodation

The property comprises a total of 77,245 sq ft, 70,189 sq ft warehouse accommodation, 7,056 sq ft office accommodation. See full Tenancy Schedule for breakdown.

Service charge & building insurance

The tenant’s pay a service charge towards the upkeep of the common areas of the estate. The landlord insures the property and recovers the premium from the tenants.

Tenure

Freehold, Title Number WA357737
Copy documentation available on request.

Tenancies

See Tenancy Schedule.
Copy documentation available on request.

Proposal

Seeking offers in the region of £4,300,000 (Four Million, Three Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a capital value of £55 per sq. Ft, and the following yield profile:

Initial Yield: 7.50%, rising to 8.00% in November 2024
Assuming standard purchaser’s costs at 6.98%

Further information

For further information or to arrange a viewing, please contact the sole selling agents, Hunt & Thorne Chartered Surveyors.

Jason thorne
will hunt

March 2024