The subject property comprises a partly let, Grade II Listed, five-storey, mixed use investment situated within an established city centre location.

Internally the premises accommodates a ground floor retail unit, which is currently occupied for use as an Indian restaurant and takeaway. The main sales benefits from an entrance reception and bar area to the front, which extends further to the rear to accommodate an open restaurant area, providing additional seating for approximately 40 covers in total.

The basement, which can be accessed independently to both the front and rear elevations over a number of concrete steps, comprises office accommodation arranged over a split level.

The remaining accommodation arranged over the first, second and third floors comprises a self-contained 6 bedroom House in Multiple Occupation (HMO), which is supported by communal kitchen, shower, bathroom and w.c. facilities.

Externally, the premises benefits from an open yard area to the rear, providing designated parking for approximately 4 vehicles.

Description - The subject property comprises a partly let, Grade II Listed, five-storey, mixed use investment situated within an established city centre location.

Internally the premises accommodates a ground floor retail unit, which is currently occupied for use as an Indian restaurant and takeaway. The main sales benefits from an entrance reception and bar area to the front, which extends further to the rear to accommodate an open restaurant area, providing additional seating for approximately 40 covers in total.

The basement, which can be accessed independently to both the front and rear elevations over a number of concrete steps, comprises office accommodation arranged over a split level.

The remaining accommodation arranged over the first, second and third floors comprises a self-contained 6 bedroom House in Multiple Occupation (HMO), which is supported by communal kitchen, shower, bathroom and w.c. facilities.

Externally, the premises benefits from an open yard area to the rear, providing designated parking for approximately 4 vehicles.

Location - Walter Road is located along the periphery of the Swansea City Centre, which is less than ? mile distant. All expected services and amenities are within easy reach. The Walter Road area of Swansea is the traditional professional district. The Victorian housing stock has, in the main, historically been converted into offices. There are also some retail users and some of the properties in the vicinity have more recently been converted into Housing in Multiple Occupation.

Swansea is a waterfront City and is the economic centre of the South West Wales region. It has a modern service sector dominated economy and is home to a wide range of national and international companies. The population of the City and County of Swansea is currently estimated at 239,000 (2001 Census) 8% of the total population of Wales. The City has good road and rail links and is connected to the motorway network via the M4.

Accommodation - The subject premises affords the following approximate dimensions and areas:

Restaurant

Net Internal Area: 102.01 sq.m (1,098.03 sq. ft.)

GROUND FLOOR

Bar/ Servery: 39.97 sq.m (430.23 sq. ft.)
comprising various seating for approximately 8 covers, with immediate access to.

Ladies and Disabled W.C. Facilities

Restaurant: 43.64 sq.m (469.74 sq. ft.)
comprising various free standing seating for approximately 40 covers, door to..

Catering Kitchen: 13.85 sq.m (149.08 sq. ft.)

BASEMENT

accessed off the main restaurant area to the rear, with stairs to.

Store Room: 4.54 sq.m (48.86 sq. ft.)

Gents W.C. Facilities

Office

Net Internal Area: 91.98 sq.m (990.07 sq. ft.)

BASEMENT

Reception: 14.75 sq.m (158.76 sq. ft.)
accessed independently to the front via a number of concrete steps, with door to.

Office Area 1: 21.80 sq.m (234.65 sq. ft.)
fitted with a based unit incorporating sink drainer unit, with steps up to.

Office Area 2: 49.54 sq.m (533.24 sq. ft.)
with door to rear courtyard/ parking area, door to.

W.C. Facilities

6 Bedroom HMO

Gross Internal Area: 153.86 sq.m (1,656.14 sq. ft.)

GROUND FLOOR

Entrance Foyer
accessed off the main pedestrian walkway to the front, with internal staircase to.

FIRST FLOOR

Gross Internal Area: 59.86 sq.m (644.41 sq. ft.)

Landing
with doors to.

Bedroom 1 (Front): 2.93m x 4.12m

Bedroom 2 (Front): 3.61m x 3.19m

Communal Shower Enclosure
with electric shower unit

Communal Kitchen: 4.39m x 4.25m

SECOND FLOOR

Gross Internal Area: 58.20 sq.m (626.50 sq. ft.)

Landing

Bedroom 3 (Rear): 4.25m x 4.32m

Bedroom 4 (Front): 3.59m x 4.23m

Communal Shower Room
fitted with a three piece suite comprising a shower enclosure with electric shower unit, W.C. and wash hand basin.

THIRD FLOOR

Gross Internal Area: 35.80 sq.m (385.37 sq. ft.)

Landing

Bedroom 5: 4.39m x 5.40m

Bedroom 6 (Front): 3.77m x 2.89m

Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:

Ground Floor: £10,750
Basement: £2,600

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2021-22 the multiplier will be 0.535.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6000 will receive 100% relief and those with a rateable value between £6,001 and 12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Based on the information collated within the Council Tax Valuation List, the 6 bedroom HMO is rated under Council Tax Band B.

Vat - All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).

Terms & Tenure - The premises is available Freehold subject to the lease details enclosed herein.

Tenancy Schedule - Restaurant (Ground Floor and Part Basement):
Let for a term of 10 years from 17th November 2014 at a current rent passing of £10,000 per annum. Part of this Lease has been surrendered and provisions have been varied by a Deed of Surrender of Part and Variation, dated 2 December 2016.

6 Bedroom HMO (First, Second and Third Floors):
Let on a standard Assured Shorthold Tenancy (AST) agreement. The current rent passing is £15,000 per annum, based on an occupancy rate of 5 rooms, equates to £250 per calendar month per room.

Offices (Basement)
Let for a term of 12 months from June 2022 at a current rent passing of £5,500 per annum.

Viewing - By appointment with Sole Agents:

Astleys Chartered Surveyors
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