Light industrial for sale

Location

Located at the end of Clarion Close, which is a cul-de-sac off Upper Fforest Way, one of the main arterial routes into the Enterprise Park, Swansea. J45 of the M4 motorway is only 1.5 miles from the property.
Prominent occupiers in the immediate vicinity include Bookers, Asda, Burger King and Selco.

Description

An established trade counter location, which also includes various commercial occupiers. The court comprises of three terrace elevations surrounding a central courtyard, providing car parking and a loading area. The buildings are of standard steel portal frame construction, with walls of part brick / breeze block and alloy cladding.

Accommodation

Total: 102.19 sq M 1,100 sq ft

Rateable value

£5,000
ubr for Wales 2024/25 is 0.562p in the £.

Long leasehold

We are advised that the property is held on a Long Leasehold for a term of 125 Years from 30 January 1990 at a peppercorn rent (fixed for the term).

Tenancy

An original Fri lease to Jacky’s Vending Limited is in place for 12 months from 12 August 2020 at a fixed rent of £7,775pax; the Tenant is holding over. The lease provides for a rent review every 12 month of the term.

Asset management opportunity: The current rent equates to £7.00psf; the latest letting in the same terrace was settled at a rent of £10,000pax (£9.00psf)

Asking price

Offers in the region of £125,000.

VAT

All prices are quoted exclusive of VAT. Our client reserves the right to charge VAT on all payments.

Legal costs

Each party to pay their own legal costs on this transaction.