Swansea, Freehold For Sale. Part Vacant Investment/

John Francis

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· Joined: Feb 17, 2011

£300,000

Swansea, Freehold For Sale. Part Vacant Investment/

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Swansea, Freehold For Sale. Part Vacant Investment/ in Swansea SWA is a Commercial Property

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Price:

£300,000 Get Prequalified Today

Contact:

01792 653508

Location:

Swansea, Swansea

Description:

Freehold For Sale. Part Vacant Investment/ Development Site.A 135,000 sq. ft industrial complex situated to the rear of the main estate road situated along The Queensway comprising of approximately 11 Acres accommodating 3/4 self-contained industrial units ranging from 10,000 - 50,000 sq. ft. An additional 2.23 acre hard standing yard/ loading area is also available to the rear of the main industrial bays.Unit 1 (50,000 sq. ft) and 2 (32,000 sq. ft) are currently held on occupational leases achieving a rental income of 86,000 pa (exc). Unit 3/4 are currently vacant which can be subdivided to accommodate units from 10,000 - 40,000 sq. ft. The rear part of the unit does require significant refurbishment works.There is an opportunity to redevelop the remaining vacant units (subject to the necessary statutory consents) or alternatively reinstate these remaining units and retain as an investment portfolio.The site can be accessed to the rear of the estate road directly off Queensway.

Description
Freehold For Sale. Part Vacant Investment/ Development Site.

A 135,000 sq. ft industrial complex situated to the rear of the main estate road situated along The Queensway comprising of approximately 11 Acres accommodating 3/4 self-contained industrial units ranging from 10,000 - 50,000 sq. ft. An additional 2.23 acre hard standing yard/ loading area is also available to the rear of the main industrial bays.

Unit 1 (50,000 sq. ft) and 2 (32,000 sq. ft) are currently held on occupational leases achieving a rental income of 86,000 pa (exc). Unit 3/4 are currently vacant which can be subdivided to accommodate units from 10,000 - 40,000 sq. ft. The rear part of the unit does require significant refurbishment works.

There is an opportunity to redevelop the remaining vacant units (subject to the necessary statutory consents) or alternatively reinstate these remaining units and retain as an investment portfolio.

The site can be accessed to the rear of the estate road directly off Queensway.

Location

The subject premises is located within Swansea approximately 2 miles to the north west of Swansea City Centre within Swansea West Industrial Estate. Swansea West Industrial Estate houses a good mix of industrial, distribution, trade counter occupiers and offices such as Signode, Securicor, TNT Delivery and Mono Equipment. Swansea West Park & Ride along White City Road is situated to the North of the site.

Swansea West Industrial Estate lies approximately 3 miles North of Swansea City Centre. The subject premises is approximately 2.5 miles South of Junction 47 of the M4 Motorway.

Swansea is Wales second city with a population of 225,000, and is located approximately 50 miles to the west of Cardiff and 190 miles west of London via the M4 motorway.

Accommodation

Approximate Dimensions & Areas:

Gross Internal Area: 12,540.46 sqm (134,986 sq ft)

Unit 1

4,645 sqm (50,000 sq ft)

Unit 2

3,053 sqm (32,864 sq ft)

Unit 3 (Vacant)

1,194 sqm (12,864 sq ft)

Remaining Units (Derelict)

3,648.46 sqm (39,272 sq ft)

Tenancy Schedule

A detailed tenancy schedule is available on request.
Unit 1 (50,000 sq ft) Let to Skidz Karting Ltd for a term of 5 yrs from Oct 2010 at a rent passing of 50,000 pa (exc)

Unit 2 (32,864 sq ft) Let to Affresol Ltd for a term of 3 yrs from March 2009 at a rent passing of 36,000 pa (exc)

Rates

Not quoted. All relevant enquiries should be made of the Local Authority Rates Department to verify this information.

Tenure

The premises is available as a Freehold.

VAT

All prices, premiums, rents are quoted exclusive of VAT. Our client reserves the right to levy VAT on this transaction.

Additional Information

An additional 14,000 multi let office block is also available for sale which is accessed directly off the main estate road to the front. Price on application.

Viewings

Strictly by prior appointment from joint selling agents:

John Francis
112 Clase Road
Morriston
Swansea SA6 8DY
Tel: 0844 848 4335/ 07825 050 325
Email: (click to respond) or (click to respond)
Contact: Sean Thomas

DTZ
Tel: 02920 262 251/ 02920 262 254
Email: (click to respond) or (click to respond)

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Property Type:

Commercial & Office Space for Sale

Sq feet:

12,864 sq. ft.

For sale by:

Agent/Broker

Phone:

01792 653508

Posted:

September 14 2011 on Facebook

Contact:

01792 653508