£399,000
(£143.73/sq. ft)
Industrial for sale9 Francis Street, Swansea SA1
2,776 sq. ft
About this property
Mixed-use freehold investment with dual income streams
Ground floor let on a 10 year lease, circa 8 years unexpired, with fixed 3% annual uplifts
HMO licenced, six bedroom student accommodation to the first floor
Combined income of approx £41,274 per annum on a fully let basis, offering an indicative giy of 10.34%
Prominent commercial frontage with established trading occupier
The property comprises a mixed-use investment arranged over ground and first floor, of traditional construction beneath a pitched, tiled roof incorporating twin front dormers.
The ground floor is configured as self-contained commercial premises, currently let as a personal training studio, with prominent glazed frontage to Francis Street.
The upper floors provide a self-contained six-bedroom student accommodation, comprising a fitted kitchen/diner, communal living room, and bathroom facilities.
Location
Francis Street is situated within the well-established residential and student district of Brynmill, one of Swansea's principal student residential areas, lying immediately to the west of the city centre and within close walking distance of Swansea University's Singleton Park Campus. The immediate locality comprises a mix of residential terraced dwellings, local convenience retail, and complementary commercial occupiers, including nearby dental and personal training/fitness uses, reflecting sustained local occupier demand.
The property benefits from excellent access to local amenities, including Brynmill Park and Swansea Bay's seafront and promenade, both within short walking distance. Swansea city centre, with its principal retail, leisure, and transport facilities, together with Swansea mainline railway station, is readily accessible, as is the University's main campus, sustaining strong and consistent demand for student accommodation within the immediate vicinity.
Terms
The Freehold interest is for sale with an asking price of £399,000 excl.
A purchase at the asking price would represent a Gross Initial Yield of 10.34% assuming the upper floors are let at the previous rent.
Specifications
- Fitted kitchen/diner
- Secondary kitchen
- 2 no. Shower and W.C facilities
- Floor coverings throughout
- uPVC double glazed windows throughout
Tenure
The ground floor unit is let to Personal Training Studio at £14,214 per annum (inc VAT), with annual 3% increases.
The first floor is currently vacant, previously fully let at £27,060 per annum (£410 per room).
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