This property is no longer on the market
4 bedroom block of apartments
Key information
Property description & features
- Tenure: Freehold
- Prominent Main road Position
- Potential to convert to residential use
- Suitable for the student market
- Asset Management Potentrial
- 4 parking spaces
The Property is ideally located on Brynymor Road which is the main district centre in Brynmill, and identified as a popular student area being in close proximity to Swansea University. Local shopping and other amenities are in close proximity, as well as Swansea City Centre which is c1 mile to the East. Close proximity to Mumbles Road affords easy access to the bus route between the two main Swansea University Campuses and the city centre.
- The Ground Floor Lease expires in March 2024. There is potential to change the use of the ground floor and refurbish to either A3 or residential use subject to planning.
- Potential exists to sub-divide the commercial unit back into 2 smaller units.
- An application has been approved by the local planning authority to change the use of the 1st floor office to provide a 2 bedroom residential flat with a self-contained entrance.
- The 2 bedroom flat has been let on an AST at £650pcm. We feel there is potential to improve on this upon renewal.
The building is of traditional construction and comprises the following:
- Ground Floor
- 770 sq ft (71.5m2 NIA)
- 2 front & 1 rear self contained entrances
- WC & store rooms
- First Floor (Left Hand Side):
- 2 Bedroom Flat
- Large Open Plan lounge / kitchen / diner
- Self contained rear entrance
- First Floor (Right Hand Side):
- 3 Offices (67.5m2 GIA)
- Self contained front entrance
- Kitchen point and Shower Room
- External - 4 no parking spaces with gated access
The freehold interest in the property is available for sale, subject to the occupational tenancy:
- Ground Floor let to Brynymor Digital Ltd for a term of 5 years expiring 31 March 2024.
- Rent - £16,800 per annum.
- We understand that the lease is contracted within the 1954 L&T Act.
- The lease is based on IRI lease terms (Internal Repairing & Insuring).
Copies of all of the agreements are available upon request.
The flat is let on an AST at £650 pcm to a private tenant. Copies available on request
Disclaimer:
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but most satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.
Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of £250 (incl VAT), if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to a number of local solicitors. We do not receive a fee if you use their services.
EPC rating: D. Council tax band: X, Tenure: Freehold,
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