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Llys Tawe, Clydach, Swansea

3 Properties Offered at $1,943,509 in Swansea

INVESTMENT HIGHLIGHTS

  • Freehold industrial unit comprising 31,899 sq. ft across two industrial buildings, incorporating 9m + eaves height and gantry crane facility.
  • Modern Office Building comprising 3,372 sq ft (NIA) let with self-contained secure compound area.
  • Passing rent of £143,500 per annum with three forthcoming rent reviews in 2026. Care and Repair have recently chosen not to exercise their break optio
  • Secure fenced site of 4.49 acres in close proximity to the M4.
  • Fully let to three diverse regional tenants including F.R.E.D.S. Timberframe, Ronnie S Evans Transport and Care and Repair.
  • Let at low passing rents (£3.01 psf - Industrial & £7.34 psf - Offices) with significant scope to increase upon review.

EXECUTIVE SUMMARY

We are instructed to seek an asking price in excess of £1,500,000 which represents a net initial yield of 9.00% after purchasers’ costs.
A purchase at this level represents a low capital value of £42.53 per sq ft.
The freehold interest in the property is for sale subject to 3 occupational tenancies, all let on FRI terms with no schedule of condition attached. Copies are available in the Technical Pack upon request.
• F.R.E.D.s – Timberframe Manufacturer serving the UK domestic market. Accounts to YE March 2024 showing a Gross Profit of £1.2m from a Turnover of £7.43m.
• Care and Repair Western Bay – Long established Registered Charity providing repairs, adaptations and home maintenance for older people in the Swansea and Neath Port Talbot area. Creditsafe Rating 73 (Low Risk).
• Ronnie S Evans Transport – Family Run Haulage Business operating across the UK & Europe. Creditsafe Rating 70 (Low Risk).

PROPERTY FACTS

Price $1,943,509
Price / SF $55.10 / SF
Cap Rate 9%
Sale Type Investment
Status Pending
Number of Properties 3
Individually For Sale 0
Total Building Size 35,271 SF
Total Land Area 8.15 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Office Row, Swansea SA6 5BQ Office 3,372 SF 2005 -
Warehouse 2
Players Industrial Est, Swansea SA6 5BQ
Industrial 10,745 SF 1980 -
Warehouse 1
Players Industrial Est, Swansea SA6 5BQ
Industrial 21,154 SF 1990 -
Show More > < Show Less
  • Listing ID: 33966267

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: Llys Tawe, Clydach, Swansea, Swansea, WGN

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