3A Church St 3,837 SF Retail Building Swansea SA4 3EA $396,048 ($103.22/SF)

3 & 3a Church Street comprise two retail properties which can be purchased individually or as a whole, with vehicular parking and two access points off Sterry Road and Church Street.
3 Church Street is currently trading as Gowerton Country Stores with 3a offering mobility equipment (trading as Red Dragon Mobility).
3 Church Street – Asking price of £240,000
3a Church Street – Asking price of £295,000
Whole site - Offers Invited
3a Church Street: We understand the property is held on a Long Leasehold and note the details below.
Date: 16 April 2003
Parties: (1) Parc Mawr Investments Limited (2) B E Davies
Term: 75 years from 25 March 2002.
Ground Rent: £1,500 per annum (subject to review every 15 years – next review due in March 2032)
Review Basis: 23% of Market Rent excluding tenant’s improvements made before and within 21 years after commencement of the lease. At the next rent review the building stands to be valued in its current layout, including the first floor (which was disregarded at the last rent review).
Other terms: The tenant meets all occupational costs, repairs and pays the landlord’s insurance premium We note that the vendor is in the process of extending both leases to 100 years.
3a Church Street:
The Property is a semi-detached part single, part twostorey structure of brick and block cavity elevations under a combination of pitched and mono-pitched roofs clad with slates and concrete tiles. This original building has been extended by the vendor to provide the first floor in 2006. Internally the building has plastered walls and ceilings with surface mounted lighting. The ground floor is mainly set to sales, with store and WC Facilities off. The first floor is used for sales and has separate access as well as a chair lift from the ground floor. Access is currently provided to 3 Church Street at ground level, but this can be sealed off.
The properties are situated within the village of Gowerton which is approximately 4 miles north west of Swansea City Centre. Gowerton is a residential area which offers a number of businesses, as well as a railway station with routes to Swansea. Access to the site can be gained from Church Street and Sterry Road. As the second largest city in Wales, Swansea forms part of the wider City and County of Swansea administrative area and serves as a key commercial and cultural centre for the region. Known for its extensive coastline, vibrant waterfront, and proximity to the renowned Gower Peninsula, the city benefits from excellent transport links, including access via the M4 motorway, direct rail connections to Cardiff, Bristol and London as well as frequent regional bus services.