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Chemical Road, Morriston 63 Chemical Rd 450 SF Retail Building Swansea SA6 6JE $502,836 ($1,117.41/SF) 11.20% Cap Rate
Investment Highlights
- Mixed-use freehold investment
- Two retail units + three residential flats
- Projected income £42,000 pa
Executive Summary
Mixed-use freehold investment opportunity comprising two ground floor retail units and three residential apartments located in a central Morriston position. The property includes an established hair salon, additional retail unit, a ground floor studio apartment and two first floor two-bedroom apartments. When fully let, the property is projected to generate an income in the region of £42,000 per annum, offering strong income diversification across commercial and residential occupiers. The building benefits from an L2 fire alarm system and is conveniently located close to Morriston Hospital, the M4 motorway and public transport routes. The property is offered with no onward chain.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
450 SF
Building Class
A
Year Built
1990
Price
$502,836
Price Per SF
$1,117.41
Cap Rate
11.20%
NOI
$56,318
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.05 AC
Parking
2 Spaces (4.44 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Energy Performance Rating - C
- Smoke Detector
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Nearby Major Retailers
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Chemical Road, Morriston | 63 Chemical Rd
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