Retail premises for sale in High Street, Gorseinon, Swansea SA4

Main Description

An opportunity to acquire a fully let property on the busy High Street, Gorseinon.

The premises is currently occupied by Jenkins Bakery at a passing rent of £10,400 per annum with over 5 years remaining until expiry and comprises a ground floor retail unit with rear stores, kitchen area, office and rear access with 2 parking spaces.

The premises is let on an internal repairing and insuring Lease for a term of 10 years from June 2019 with a 5 year break option which was not exercised.

The buildings insurance is currently the responsibility of the vendor, the Tenants are recharged

The first floor of the property comprises a 2 bedroom apartment with, kitchen, bathroom, lounge and small utility/store area and rear access. The property is currently let on a rolling AST contract providing an income of £4,620 per annum.

Specification

The shop area benefits from the following features.

• Glazed Shop Front
• Currently fitted out for Bakery Use
• Air Conditioning
• Tiled Floors
• 2 x Parking spaces

The property provides the following accommodation:

Unit sq ft M2

ground floor shop 725 (NIA) 67.4

first floor residential 775 (gia) 72

total 1,500 84.5

Terms

Freehold sale - £160,000 exclusive.

Tenure

The freehold interest in the property is available for sale.

Planning

We understand that the property currently benefits from planning consent for its current use as an A1 retail premises, with residential flat to the upper floor.

We would encourage interested parties to make their own enquiries with the local planning authority in this regard.

Business Rates

Rateable Value - £5,300 (23/24)

Small/medium sized occupiers currently benefit from 100% rates relief for premises with an rv under £6,000.

Summary valuation - Valuation Office Agency - ()

EPC

The commercial ground floor premises has been graded as 87 (D).

Energy performance certificate (EPC) – Find an energy certificate – ()

The first floor flat has been graded as 87 (D)

Energy performance certificate (EPC) – Find an energy certificate – ()

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.

Viewing & Further information

For further information, or if you would like to arrange a viewing, please contact us.