Retail premises for sale in Nelson Street, Swansea SA1

Situation
This premises is situated on Nelson Street; A popular area for local occupiers which is benefitted by footfall from the neighbouring bus station and Quadrant Shopping Centre. Neighbouring occupiers include both national and local retailers.

Description
Briefly comprising a two-storey commercial premises, currently tenanted by a popular phone and vape shop.
The ground floor of the premises briefly comprises an open plan showroom.
The first floor comprises of additional ancillary stores, with two separate rooms, a kitchen and bathroom. The bathroom also benefits from shower facilities.
The property also benefits from good security measures with roller shutters to the front window and door.

Services
The property benefits from mains water and electric utilities. No utilities were tested during the course of our inspection.

Size
This accommodation has a Net Internal Area of 85 m2 (912 ft2).

Terms
The Freehold interest in our client’s property is available to purchase at an initial asking price of £230,000.
The premises is tenanted until on an Fri lease until September 2027, and provides a Gross Investment Return of 6.74%.
Interested parties are advised to seek legal advice with regards to the contracts.

Rateable Value
The premises has a rateable value of £13,000. Interested parties are advised to discuss the rates payable with the local authority directly.

Viewing
Please contact the sole letting agent, Dawsons.