Light industrial for sale in Fishmarket Quay, Swansea SA1

Proposal
Offers in excess of £750,000 (Seven Hundred and
Fifty Thousand Pounds) subject to contract and
exclusive of VAT. A purchase at this level reflects a
net initial yield of 8.18%, a Capital Value of £52 per
sq ft, assuming purchasers costs of 5.17% and a
reversionary yield of 12.26%

Description
The subject property comprises a terrace of 5 business units in a
prominent Marina location. Each unit benefits from glazed customer/
pedestrian entrances, fronting the marina. Loading, service doors and car
parking is to the southern elevations, fronting Trawler Road.
Externally the units are of brickwork construction to the front and rear
elevations, with profile steel cladding to the sides.
Internally, the floors are of concrete slab with block work walls. There are
toilets within and offices/mezzanine areas to the first floors. A number
of units have been adapted to provide shopfronts/retail/restaurant areas
and Unit 5 has been sub-divided to provide two separate lettable areas.

Tenure
Long-leasehold. A new 200 year lease at a
peppercorn will be granted on completion by
Swansea Council. There will be a restrictive
covenant limiting the permitted uses to A1/A2/A3/
B1/B2/B8 uses.