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50 Crown Street, Morriston, Swansea SA6 8BR

50 Crown Street, Morriston, Swansea SA6 8BR picture1
50 Crown Street, Morriston, Swansea SA6 8BR picture2
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50 Crown Street, Morriston, Swansea SA6 8BR

Summary:

  • FOR SALE - FREEHOLD INVESTMENT
  • OFFERS OVER £145,000

 

 

LOCATION

The premises are in Morriston, a suburb 7 miles north of Swansea City Centre and accessible from the M4 Motorway via junctions 45 and 46.  The property is situated on Crown Street, just off Woodfield Street, the main retail thoroughfare of Morriston. 

 

DESCRIPTION

 

Fantastic potential investment currently creating a yield in the region of 10%.

 

The property is a detached two storey building with adjoining car park accessed directly off Crown Street. 

The ground floor which was previously utilised as a private member drinking club is configured to accommodate a bar and seating area, lounge, games room with stores.  The first floor comprises a self-contained two-bedroom flat, the second floor comprises a self-contained one-bedroom flat.

 

ACCOMMODATION

Description

m2

ft2

Ground Floor

 

Bar & Lounge

128

1,378

Stores

43

467

Games Rooms

64

689

Net Internal Area

235

2,533

First Floor

Two Bedroom Flat

Second Floor

One Bedroom Flat

All areas and dimensions approximate and verification is recommended.

 

TENURE

Our client’s freehold interest is available subject to the existing tenancies.

 

TENANCIES – Information received from vendor

Ground Floor (Woodfield Club) is currently vacant. The First Floor (1-bedroom flat) is vacant.
The Second Floor (1-bedroom flat) is let and is currently producing a rent of £370 p/c/m and is out of contract and on a rolling term (this information has been gained from our client).

 

 

PRICE

Offers over £145,000

 

ENERGY PERFORMANCE CERTIFICATE

Commercial unit rating: D

 

VAT

All figures are exclusive of VAT where applicable

 

 

Extra Information

Crown Street (50), Morriston.pdf