73 Herbert St - Storefront Retail/Residential FOR SALE


Swansea, WGN SA8 4ED
$159,000 USD
73 Herbert St, Swansea, WGN for Sale
$159,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

73 Herbert St
Swansea, WGN SA8 4ED


HIGHLIGHTS

  • Established occupiers within close proximity include Greggs, Lloyds Bank, Jenkins Bakery and Well Pharmacy
  • Situated along the primary retail area and main high street location within Pontardawe town centre
  • The ground floor retail unit can be accessed directly off the main pedestrian walkway to the front

OVERVIEW

Our client's Freehold interest is available for sale, which is subject to the following occupational lease. The ground floor retail unit is currently occupied and held on a lease for a term of 10 years from 1st October 2016, producing a current rent passing £9,000 per annum (exclusive). We further advise that a proposed lease renewal is in the process of being granted for a term of 10 years from 1st October 2026, subject to an annual rent of £10,500 per annum (exclusive). The Lease also has provisions for periodic rent reviews every five years.

FOR SALE DETAILS

PRICE

$159,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

507 SF

ZONING

-

APN/PARCEL ID

CYM63420

ASK ABOUT THIS PROPERTY

Sean ThomasAstley Chartered SurveyorsMore Info

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Sean ThomasAstley Chartered SurveyorsMore Info

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