The Globe Inn 7-9 Mysydd Rd 4,399 SF 100% Leased Retail Building Swansea SA1 2QD $302,617 ($68.79/SF)

The subject premises comprises a fully let mixed use investment arranged over two floors, which is situated within a densely populated location to the north of Swansea city centre within the suburban area of Landore. The property is available Freehold (to include the trade fixtures and fittings), which is subject to the following Leases:
Commercial - Lease of Ground Floor and Function Room of The Globe Inn to a private individual for a term of 2 years from 12th February 2024 at a current rent passing of £18,000 per annum (exclusive). OFFERS IN THE REGION OF £235,000.
The ground floor, which is occupied predominantly for use as a licenced premises comprises a relatively open plan floor area, which has been subdivided in part to accommodate a fully fitted bar area, a games room and lounge/ snug. The main commercial area is also supported by ancillary accommodation, comprising ladies and gents w.c facilities, a catering kitchen and cellar store. An additional function room and bar area is also available over the first floor, which can be accessed off an internal stairwell to the rear of the building or alternatively over main entrance foyer to the front.
The remaining accommodation arranged over the first floor comprises two self-contained residential apartments, both of which can be accessed off the internal stairwell and landing to the front. Both apartments are currently occupied and let, held on separate Occupational Contracts.
Externally, we note that the subject premises accommodates the majority of the site, with the exception of the enclosed beer garden area to the rear which is arranged over a split level, forming part of the commercial accommodation. No designated parking facilities are available on site but we advise that adequate on street parking and various resident bays are located off the main highway to the front. We advise that the subject premises is fully let, to three separate occupiers, producing a total gross rental income of £32,340 per annum, which equates to an attractive Gross Initial Yield (GIY) of 12.93%.