Office for sale in Kings Road, Swansea SA1

Main Description

A unique opportunity to purchase a fully let investment office comprising a modern office unit located in the J Shed building in SA1, with views over the SA1 dock.

The property is let on Fri terms entirely to tlc Marketing Worldwide Group ltd for a 5 year term, expiring November 2025 at a rental of £12,000 per annum.

The building itself provides a mix of commercial occupiers on the ground floor with office and live/work accommodation to the first floor.

Specification

• Electric Storage Heating system
• Video intercom, cabling and networking
• Carpet flooring
• Fully fitted kitchen
• W.C with Shower
• Passenger lift

The unique property is arranged in an open plan format with a fitted kitchen and separate bathroom. The accommodation includes a split level mezzanine with various features, overlooking the SA1 Dock.

The available accommodation has been measured on an NIA basis in accordance with ipms 3 (office);

Unit sq ft sq m

Ground Floor 674 62.6

First Floor 350 32.6

Total 1024 95.2

Tenure

Our Clients Leasehold interest is offered for sale with circa 107 years remaining.

The property is let on Fri terms entirely to tlc Marketing Worldwide Group ltd for a 5 year term, expiring November 2025 at a rental of £12,000 per annum.

Terms

Asking price - £199,950, which reflects a gross initial yield of 6% before costs.

A copy of the lease and Creditsafe report is available on upon formal expression of interest.

Service Charge

The tenant is responsible for all the service charge costs throughout the term. Full details available on request.

Planning

The unit benefits from dual planning consent for both office and residential use. We would encourage interested parties to make their own enquiries with the local planning authority in this regard.

Business RatesThe property has a rateable value of £10,500 (23/24) EPC

The property has been assessed as 104 (E) - EPC is available for download from the BP2 website.

VAT & Legal Costs

All prices, premiums and rents are quoted exclusive of VAT. Each party is responsible for their own legal costs incurred in any transaction.