Commercial property for sale in 40 Carlton Terrace, Swansea SA1

Four story mid-terrace currently comprising of a 1 bed flat on the lower ground floor, a 1 bed flat on the ground floor and a 3 bed maisonette on the upper floors.

The property has a 3 year track record as a short term let and makes income of £30,000 net of fees from portals (booking/airbnb). This represents a 12% yield net of booking fees.

The property is near the City Centre, university, beaches, sports stadium and beaches. The area lends itself to HMOs, residential homes, student accommodation and short term lets due to the proximity to such amenities.

The property previously had an HMO (license lapsed) but there is also opportunity to split title, refurbish or use for student accommodation etc.

Why Swansea?
Wales' 2nd City with large employers such as Amazon increasing housing demands; University City with demand for student accommodation and visiting families Swansea Arena attracts multiple visitors for concerts, shows and gigs; Mumbles and Gower areas have beautiful beaches and thriving tourist industry.