Freehold Retail Investment
Freehold Retail Investment
The property is situated on the east side of Llangyfelach Road, in a popular residential suburb, 1 mile north of the city centre. The location is a mixed use area with neighbouring users being predominantly residential, 2 schools, a Premier Express food outlet and several public houses. Swansea City Football Club and the
Ospreys Rugby Club are based at the Liberty Stadium, which lies approximately 0.5 miles from the property.
Freehold.
The property is situated on the east side of Llangyfelach Road, in a popular residential suburb, 1 mile north of the city centre. The location is a mixed use area with neighbouring users being predominantly residential, 2 schools, a Premier Express food outlet and several public houses. Swansea City Football Club and the
Ospreys Rugby Club are based at the Liberty Stadium, which lies approximately 0.5 miles from the property.
Freehold.
The property comprises a substantial triple fronted terrace building with retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a substantial triple fronted terrace building with retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail and Ancillary Staff and Ancillary |
131.38 sq m 59.03 sq m |
(1,414 sq ft) (635 sq ft) |
CORAL RACING LIMITED (1) |
16 years from 28/02/2011 on a full repairing and insuring lease |
£8,300 rising to £9,449 in 2016 |
24/06/2016 and 24/06/2021 |
| Totals | 190.41 sq m |
(2,049 sq ft) |
£8,300 | ||||
(1) Coral Racing Limited is part of the Gala Coral Group and together with their online presence, trade from over 1,700 outlets across the UK. Gala Coral is the third largest bookmaking business in the UK with a market share of approximately 20%. (Source www.coral.co.uk)
(2)The lease provides for the rent to be reviewed to the greater of open market rental value or increase by 2.5% p.a. compounded. Therefore the rent will increase to a minimum of £9,449 p.a.x. in 2016.
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