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197 St Helens Ave 1,703 SF Retail Building Swansea SA1 4DQ $220,223 ($129.31/SF)
INVESTMENT HIGHLIGHTS
- Investment Opportunity
- Currently used as a popular bakery
- Situated off a Popular Brynymor Road
EXECUTIVE SUMMARY
The freehold interest in our client’s property is available to purchase at an initial asking price of £165,000.
We understand that the lease commenced in January 2021 for a term of 15 years. The current rent is £8,100 per annum for the period until 29th January 2027, where there will be a rent review. Rent reviews are every 3 years.
Description:
This property comprises a ground floor premises currently used as a popular bakery. The first floor was previously used as office space, now being used as storage. The second floor comprises a board room, kitchen, and WC facilities.
Situation:
Situated on St Helens Avenue and Catherine Street, the premises occupies a prominent trading location within a popular student area. Neighbouring occupiers include predominantly local covenants and include food outlets, retailers, salons, and bars.
We understand that the lease commenced in January 2021 for a term of 15 years. The current rent is £8,100 per annum for the period until 29th January 2027, where there will be a rent review. Rent reviews are every 3 years.
Description:
This property comprises a ground floor premises currently used as a popular bakery. The first floor was previously used as office space, now being used as storage. The second floor comprises a board room, kitchen, and WC facilities.
Situation:
Situated on St Helens Avenue and Catherine Street, the premises occupies a prominent trading location within a popular student area. Neighbouring occupiers include predominantly local covenants and include food outlets, retailers, salons, and bars.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,703 SF
Building Class
C
Year Built
1930
Price
$220,223
Price Per SF
$129.31
Tenancy
Single
Building Height
3 Stories
Building FAR
1.37
Lot Size
0.03 AC
Parking
1 Spaces (0.59 Spaces per 1,000 SF Leased)
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NEARBY MAJOR RETAILERS
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197 St Helens Ave
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