Quadrant Gate, Nelson Street, Swansea, SA1 3QE
- Property Type: Investment
- Size: 313 sq m (3,372 sq ft)
- CITY CENTRE RETAIL INVESTMENT
- FOUR SELF CONTAINED RETAIL UNITS
- CURRENT RENTAL INCOME £35,000PAX
- FUTURE RENTAL INCOME £52,500PAX
- OFFERS IN THE REGION OF £650,000
The development is located alongside Quadrant Shopping Centre, located on the corner of Nelson Street and Union Street, close to the entrance of the indoor market. Neighbouring occupiers include Santander, Burger King, Vodafone, WH Smiths and Pandora.
DESCRIPTION
The property comprises of a corner two and three storey development. Independent access is provided to each retail unit. Unit 1 benefits from an extremely prominent corner position and outside seating.
ACCOMMODATION
Please see availability schedule.
RATEABLE VALUE
We have been informed via the Valuation Office web site that the properties have the following rateable values:
Unit 1 – £21,250
Unit 2 – £18,750
Unit 3 – £9,300
Unit 4 – £7,900
UBR for Wales 2024/25 is 56.2p in the £
Interested parties are asked to verify this information, by making direct contact with the Local Rating Authority
TENURE
The property is held Freehold.
SERVICE CHARGE AND BUILDING INSURANCE PREMIUM
The landlord maintains the external part of the property.
SALE
Offers in the region of £650,000
EPC
Unit 1 – C – CN: 0282-0131-6159-1225-3002
- Unit 2- D – CN: 9861-3025-0115-0101-2321
- Unit 3- D – CN: 0431-0038-4729-9405-3006
- Unit 4- to be provided.
VAT
VAT is payable on all payments
LEGAL COSTS
Each party to pay their own legal costs on this transaction.