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64-65 The Kingsway 4,812 sq ft 100% Let Office Property Swansea SA1 5HW £875,000 (£181.84/sq ft) 6.75% Net Initial Yield
Investment Highlights
- Mixed use building
- Comes with residential upper above
- Retail unit on ground floor with office above
Executive Summary
The property is an end-of-terrace building arranged over five floors: The ground floor comprises a retail unit with a dedicated entrance from Kingsway and is currently fitted out as a former banking hall, falling under Use Class A2. The basement which is in a shell condition, is linked internally to the the retail space and benefits from a rear access point onto Picton Lane. The ground floor will be handed over in its fitted out condition. The first floor provides a fully fitted out office accommodation with separate access via Picton Lane, which also leads to the residential areas above. The residential element comprises three two-bedroom flats on the second floor and four one-bedroom flats on the third floor, all accessed independently from the communal reception area. All floors of the property are served by a lift system, apart from the ground floor retail unit.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
4,812 sq ft
Costar Property Class
B
Year Built
1966
Price
£875,000
Price per sq ft
£181.84
Yield
6.75%
NOI
£59,100
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
1,203 sq ft
Amenities
- Storage Space
1 1
1 of 2
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64-65 The Kingsway
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