We are instructed to seek an asking price in excess of £1,500,000 which represents a net initial yield of 9.00% after purchasers’ costs.
A purchase at this level represents a low capital value of £42.53 per sq ft.
The freehold interest in the property is for sale subject to 3 occupational tenancies, all let on FRI terms with no schedule of condition attached. Copies are available in the Technical Pack upon request.
• F.R.E.D.s – Timberframe Manufacturer serving the UK domestic market. Accounts to YE March 2024 showing a Gross Profit of £1.2m from a Turnover of £7.43m.
• Care and Repair Western Bay – Long established Registered Charity providing repairs, adaptations and home maintenance for older people in the Swansea and Neath Port Talbot area. Creditsafe Rating 73 (Low Risk).
• Ronnie S Evans Transport – Family Run Haulage Business operating across the UK & Europe. Creditsafe Rating 70 (Low Risk).