12 Clarion Court, Enterprise Park, Swansea, SA6 8RF
- Property Type: Investment
- Size: 102 sq m (1,100 sq ft)
- LIGHT INDUSTRIAL/TRADE COUNTER COMPRISING 1,100 SQ FT
- INVESTMENT OPPORTUNITY W/ ASSET MANAGEMENT POTENTIAL
- ESTABLISHED TRADE COUNTER/COMMERCIAL LOCATION
- CURRENT ANNUAL INCOME £7,775 (TENANT HOLDING OVER)
- OFFERS IN THE REGION OF £125,000
Located at the end of Clarion Close, which is a cul-de-sac off Upper Fforest Way, one of the main arterial routes into the Enterprise Park, Swansea. J45 of the M4 motorway is only 1.5 miles from the property.
Prominent occupiers in the immediate vicinity include Bookers, Asda, Burger King and Selco.
DESCRIPTION
An established trade counter location, which also includes various commercial occupiers. The court comprises of three terrace elevations surrounding a central courtyard, providing car parking and a loading area. The buildings are of standard steel portal frame construction, with walls of part brick / breeze block and alloy cladding.
ACCOMMODATION
| Total: | 102.19 SQ M | 1,100 SQ FT |
RATEABLE VALUE
£5,000
UBR for Wales 2024/25 is 0.562p in the £
LONG LEASEHOLD
We are advised that the property is held on a Long Leasehold for a term of 125 Years from 30 January 1990 at a peppercorn rent (fixed for the term).
TENANCY
An original FRI lease to Jacky’s Vending Limited is in place for 12 months from 12 August 2020 at a fixed rent of £7,775pax; the Tenant is holding over. The lease provides for a rent review every 12 month of the term.
Asset management opportunity: The current rent equates to £7.00psf; the latest letting in the same terrace was settled at a rent of £10,000pax (£9.00psf)
ASKING PRICE
Offers in the region of £125,000.
VAT
All prices are quoted exclusive of VAT. Our client reserves the right to charge VAT on all payments.
LEGAL COSTS
Each party to pay their own legal costs on this transaction.