Poplar House, Tawe Business Village, Enterprise Park, Swansea, SA7 9LA
- Property Type: Investment
- Size: 235 sq m (2,530 sq ft)
- SEMI-DETACHED MODERN OFFICE BUILDING
- LONG LEASEHOLD
- 235 SQ M (2,530 SQ FT)
- £30,000PAX INCOME
- LEASE EXPIRING 10 DECEMBER 2024 (NO BREAKS)
- OFFERS IN THE REGION OF £375,000
The property is located on the established Tawe Business Village, with direct access off Phoenix Way, on the southern part of Swansea Enterprise Park. Junction 44 & 45 of the M4 motorway are located approx 2 miles north and the city centre is accessible via the southern link road.
Prominent occupiers in the immediate vicinity include The Land Registry, Lloyds, Nat West and Barclays Banks and the NHS.
DESCRIPTION
A semi-detached modern office building set on two floors. The premises has facing brick elevations beneath a concrete tiled roof. A feature atrium style entrance provides access to office accommodation and central toilets.
The property is set in landscape grounds and benefits from 12 dedicated car parking spaces, within an area to the side of the property.
ACCOMMODATION
| Ground Floor: | 112.48 sq m | 1,211 sq ft |
| First Floor: | 122.54 sq m | 1,319 sq ft |
| Total: | 235.02 sq m | 2,530 sq ft |
RATEABLE VALUE
£23,250
(Effective 1 April 2017)
UBR for Wales 2021/22 is 53.5p in the £
SERVICE CHARGE AND BUILDING INSURANCE PREMIUM:
The occupier is responsible for payment of the service charge for the maintenance of the external common areas of Tawe Business Village and the building insurance premium refunded to the landlord
TENURE
| Title number | Term | Rent | |
| Long Leasehold | WA931753 | 125 years (less 3 days) from 31 October 1988 | £0.05 pa (if demanded) *effective peppercorn |
TENANCY
| Tenant | Term | Breaks | Rent PAX | Other |
| CDA CARE LTD
|
Lease expiring 10 December 2024 | None | £30,000pax | Inside the Act, FRI subject to Schedule of Condition |
Copy documentation available on request.
TENANT INFOMATION
CDA Care Limited, which is now part of Grosvenor Healthcare Group, reported a £75.9 m turnover, EBIT of £890,523 and net assets of £2.5 m for the year ending 2020.
PROPOSAL
Seeking offers in the region of £375,000 (Three Hundred and Seventy-Five Thousand Pounds) subject to contract and exclusive of VAT.
Gross Initial Yield: 8.00%