Log In/Sign up
Your email has been sent.
Chemical Road, Morriston 63 Chemical Rd 450 sq ft Retail Property Swansea SA6 6JE £375,000 (£833.33/sq ft) 11.20% Net Initial Yield
Investment Highlights
- Mixed-use freehold investment
- Two retail units + three residential flats
- Projected income £42,000 pa
Executive Summary
Mixed-use freehold investment opportunity comprising two ground floor retail units and three residential apartments located in a central Morriston position. The property includes an established hair salon, additional retail unit, a ground floor studio apartment and two first floor two-bedroom apartments. When fully let, the property is projected to generate an income in the region of £42,000 per annum, offering strong income diversification across commercial and residential occupiers. The building benefits from an L2 fire alarm system and is conveniently located close to Morriston Hospital, the M4 motorway and public transport routes. The property is offered with no onward chain.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
450 sq ft
Costar Property Class
A
Year Built
1990
Price
£375,000
Price per sq ft
£833.33
Yield
11.20%
NOI
£42,000
Tenancy
Single
Number of Floors
1
Plot ratio
0.22
Total Plot Size
0.05 ac
Parking
2 Spaces (4.44 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- Security System
- EPC - C
- Smoke Detector
1 1
Nearby Major Retailers
1 of 37
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Chemical Road, Morriston | 63 Chemical Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.