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10 Dillwyn Street

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10 Dillwyn Street

Summary:

Freehold Investment Opportunity
Excellent Tenant Covenant
15+ years remaining on lease
Rent Review – November 2018
Seeking offers in excess of £140,000

DESCRIPTION & LOCATION
The premises is situated along Dillwyn Street within Swansea city centre. Sitting on a corner location the property is highly visible with a mix of national and local retailers nearby including Papa Johns and La Baguette Du Jour.

Swansea is Wales’ second city with a busy city centre generally regarded as the regional centre for South West Wales. The city has excellent access to the M4 motorway (junctions 42-47) and a mainline railway station serving London Paddington.

The property comprises a ground floor retail/A3 area used for preparing and sales of pizzas with storage and office accommodation on the first floor.

ACCOMMODATION
Please see attached details.

TENANCY
The property is let on an FRI basis to DP Realty Limited for 20 years from 1st November 2013 at a rental of £9,500 with five yearly rent reviews.

TENANT BREAK
Tenth and fifteenth year.

BUSINESS RATES
The property is described in the Valuation Office Agency Rating List for 2017 as Shop & Premises with a Rateable Value of £8,100.

UBR for Wales 2017/18 49.9p in the £

Interested parties are asked to verify this information by contacting the local authority.

COVENANT
DP Realty Limited recorded pre-tax profits for the year ended 25th December 2016 of £2,133,000.

PRICE
We are seeking offers above £140,000 for our client’s freehold interest.

EPC
An EPC has been commissioned and will be available shortly.