LOCATION

Situated just over 3 miles from Swansea City Centre, Morriston is the largest community within the City and County. Providing easy access to the M4 motorway and being within close proximity to Morriston Hospital and the DVLA.

Morriston is a popular residential area with the main retail area situated at Woodfield Street. Morriston benefits from being within close proximity to major transport links, local schools and is home to many local and national occupiers.

DESCRIPTION

The premises is currently occupied by David Jenkins Limited T/A Jenkins Bakery at a passing rent of £11,500 and comprises a ground floor retail unit with first floor ancillary storage and staff facilities.

The premises is let on an internal repairing and insuring Lease for a term of 5 years from May 2021 with a 3rd year tenant-only break option.

TENURE
Freehold

ASKING PRICE
£130,000 – reflecting a gross initial yield of 8.85%

VAT
All figures are exclusive of VAT, where applicable.

BUSINESS RATES
Interested parties are asked to verify the rates payable by contacting the Local Authority.

EPC RATING
A copy of the EPC can be available upon request.

PLANNING PERMISSION
The premises currently has planning for A1 and would be suitable for a number of different uses subject to the necessary planning consent.

CONTACT
For further information and to arrange a viewing please contact Glanmor Chartered Surveyors.