Units 1 & 2 Valley Way Swansea Enterprise Park, Llansamlet Swansea SA6 8PY

Units 1 & 2 Valley Way
Swansea Enterprise Park, Llansamlet
Swansea
SA6 8PY

Freehold Retail Investment

Entirely let to Johnson Cleaners UK Limited
Highly prominent location within the established Swansea Enterprise Park fronting busy A48
Opposite Lakeside Retail Park
Nearby occupiers include Asda Superstore, Nando’s, Argos, KFC and Premier Inn
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
67
Auction
23rd March 2016
Rent
£29,742 per Annum Exclusive
Status
Sold
Price
£380,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Entirely let to Johnson Cleaners UK Limited
Highly prominent location within the established Swansea Enterprise Park fronting busy A48
Opposite Lakeside Retail Park
Nearby occupiers include Asda Superstore, Nando’s, Argos, KFC and Premier Inn
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 67
Auction 23rd March 2016
Rent £29,742 per Annum Exclusive
Status Sold
Price £380,000
Sector
Retail Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 3.8 miles north of Swansea, 41 miles west of Cardiff
Roads: A48, M4 (Jct 44/45)
Rail: Llansamlet Rail
Air: Cardiff International Airport

Situation

Llansamlet is a suburban district some 3 miles north of Swansea, with excellent access to the M4 Motorway (Junctions 44/45). The property is prominently located within Swansea Enterprise Park on the roundabout where Samlet Road (A48) meets Valley Way. Swansea Enterprise Park is a combined business park, retail park and industrial estate spanning over 700 acres and home to hundreds of occupiers, including Land Registry, Western Power Distribution and Mercure Hotel.

The property is located opposite Lakeside Retail Park, which houses occupiers including Next, Nando’s, PC World, Subway, Toys R Us, Argos and Maplin, and close to Lion Way Retail Park which houses Poundstretcher and Farmfoods. Other nearby occupiers include Asda Superstore, KFC, Burger King and Premier Inn.

Tenure

Freehold.

Location

Miles: 3.8 miles north of Swansea, 41 miles west of Cardiff
Roads: A48, M4 (Jct 44/45)
Rail: Llansamlet Rail
Air: Cardiff International Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached single storey building providing a dry cleaners and ancillary accommodation. The property benefits from parking for some 8 cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a detached single storey building providing a dry cleaners and ancillary accommodation. The property benefits from parking for some 8 cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Retail	96.80 sq m	(1,042 sq ft)	JOHNSON CLEANERS UK LIMITED (1)	15 years from 24/06/2006 on a full repairing and insuring lease	£29,742.04	23/06/2021
Totals		96.80 sq m	(1,042 sq ft)			£29,742.04 (2)

(1) Johnsons Dry Cleaners are the UK’s leading provider of dry cleaning services for clothing and other items, with a network of conveniently located stores nationwide. Johnsons Dry Cleaners are part of Johnson Service Group, which has been in business for over 200 years. (Source: www.johnsoncleaners.com 22/02/2016)
(2) In return for the removal of a break clause in June 2016, the tenant will benefit from a 4 month rent free period from 24th June 2016. The Seller has agreed to adjust the completion monies so that the unit will effectively produce £29,742.04 p.a. from completion of the sale.