Offers in region of
£550,000
(£47.61/sq. ft)
Light industrial for salePhoenix Way, Garngoch Industrial Estate, Penllergaer SA4
11,553 sq. ft
Just added
About this property
Location
The property is located on the lower part of Garngoch Industrial Estate, fronting Phoenix Way. J47 of the M4 motorway is located just 1.5 miles north east, with the residential suburb of Gorseinon being located approximately 1 mile to the west. Swansea City Centre is located approximately 5 miles to the south.
Prominent occupiers in the immediate area include Homestore, Royal Mail, Securahome, Arthur Llewelyn Jenkins, Euro Car Parts, Lidl and Gower College who will soon occupy the old M&P premises.
Description
The property comprises of a detached multi-let premises comprising of offices to the first elevation, with industrial units to the central and rear area.
The building comprises of a flat roof configuration to the front, with a double pitched steel frame unit to the rear.
The building has a mixture of facing brick, breeze-block and steel sheeting elevations, under a roof which is a mixture of steel and asbestos sheeting.
Externally a grazed forecourt exists to the front of the property with side car parking, leading to a side and rear yard, providing various access points to the building.
The rear part of the site is fenced off and let to an adjoining occupier.
Accommodation
See Schedule of Occupiers.
(Please note that this is an investment opportunity)
Proposal
Offers in excess of £550,000.00 (Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 11.59%, a reversionary yield of 15.29% (based on erv of £87,909.50 pa) and a Capital Value of £47.00 per sq ft, assuming purchaers costs of 4.57%.
VAT
We have initially been informed VAT is not being charged on the sale price.
Tenure
The property being sold is held freehold.
EPC
C-54
crn:
Anti money laundering regulations
Regulations require checks on all prospective tenants/purchasers. Photo id plus proof of address is required before a transaction can proceed. Aml searches are outsourced to our partner Credas (Certified Digital Identity Verification Service).
The property is located on the lower part of Garngoch Industrial Estate, fronting Phoenix Way. J47 of the M4 motorway is located just 1.5 miles north east, with the residential suburb of Gorseinon being located approximately 1 mile to the west. Swansea City Centre is located approximately 5 miles to the south.
Prominent occupiers in the immediate area include Homestore, Royal Mail, Securahome, Arthur Llewelyn Jenkins, Euro Car Parts, Lidl and Gower College who will soon occupy the old M&P premises.
Description
The property comprises of a detached multi-let premises comprising of offices to the first elevation, with industrial units to the central and rear area.
The building comprises of a flat roof configuration to the front, with a double pitched steel frame unit to the rear.
The building has a mixture of facing brick, breeze-block and steel sheeting elevations, under a roof which is a mixture of steel and asbestos sheeting.
Externally a grazed forecourt exists to the front of the property with side car parking, leading to a side and rear yard, providing various access points to the building.
The rear part of the site is fenced off and let to an adjoining occupier.
Accommodation
See Schedule of Occupiers.
(Please note that this is an investment opportunity)
Proposal
Offers in excess of £550,000.00 (Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 11.59%, a reversionary yield of 15.29% (based on erv of £87,909.50 pa) and a Capital Value of £47.00 per sq ft, assuming purchaers costs of 4.57%.
VAT
We have initially been informed VAT is not being charged on the sale price.
Tenure
The property being sold is held freehold.
EPC
C-54
crn:
Anti money laundering regulations
Regulations require checks on all prospective tenants/purchasers. Photo id plus proof of address is required before a transaction can proceed. Aml searches are outsourced to our partner Credas (Certified Digital Identity Verification Service).
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£2,751 per month
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