* Freehold
* Large four storey investment property
* Situated in central Swansea
* Fully occupied
* Commercial print shop to basement and ground floor
* Self contained 4 bed HMO to first and second floor
* Ideal investment property
* Average total income of £24, 750 per annum.
* investment * Commercial/Residential Mixed * A four storey fully let mixed use building for sale in Swansea City Centre. Accommodation includes; Commercial element; ground floor and basement shop currently occupied by a printer namely T/A Pontaprint. To the first and second floor is a self - contained four bedroom HMO duplex, which can be accessed directly from the main pedestrian walkway. This also has the potential to be converted to a 5 bedroom HMO, subject to the necessary planning. The print shop is let for £12, 000 per annum, Average rents for the HMO: 3 X £325pcm & 1 X £300pcm £12, 750pa (10 month contract). Average total income per annum of £24, 750. Gross Yield 9%. Ctfcp
**Ground Floor**
Net internal area circa 60sqm
Retail unit comprising a small office room and staff room & W. C. Facilities.
Leading to:
**Basement**
Net Internal Area Circa 54sqm.
Basement separated into three store rooms with kitchen facilities and access
to enclosed rear courtyard.
**4 Bed HMO**
Net internal area circa 125sqm.
**First Floor**
**Lounge (5. 90m x 4. 40m (19' 4" x 14' 5"))**
Two double glazed window to front, two radiators.
**Kitchen (3. 00m x 2. 90m (9' 10" x 9' 6"))**
Fitted and wall and base units, Integrated electric oven, extractor fan,
stainless steel sink, tile splash back, space for fridge freezer, plumbing for
washing machine, vinyl floor, double glazed window to rear.
**Bedroom (4. 20m x 3. 70m (13' 9" x 12' 2"))**
Double glazed window to rear, radiator.
**Second Floor. **
**Hall (4. 60m x 2. 10m (15' 1" x 6' 11"))**
Radiator.
**Bedroom (4. 30m x 3. 30m (14' 1" x 10' 10"))**
Double glazed window to rear, radiator.
**Bedroom (4. 40m x 3. 00m (14' 5" x 9' 10"))**
Double glazed window to front, radiator.
**Bedroom (3. 30m x 2. 50m (10' 10" x 8' 2"))**
Double glazed window to front, radiator.
**Bathroom (3. 40m x 2. 80m (11' 2" x 9' 2"))**
Walk in shower enclosure, panelled bath, low level WC, pedestal wash hand
basin, tile effect flooring, tile splash back, LED spots, frosted double
glazed window to rear.
**Information**
As stated on the voa website the Rateable Value for the subject premises is as
follows:
Rateable Value (2017): £8, 300
From April 2018 the Welsh Government set the multiplier according to the
Consumer Price Index (cpi) and for the financial year 2021 - 22 the multiplier
will be 0. 535.
Rates relief for small businesses in Wales will apply up to 31st March 2020.
Rates relief for small business with a rateable value up to £6000 will receive
100% relief and those with a rateable value between £6, 001 and 12, 000 will
receive relief that will be reduced on a tapered basis from 100% to zero.
We advise that all enquiries should be made with the Local Authority Rates
Department to verify this information. For further information visit .
The 4 bedroom HMO is rated under Council Tax Band C.
Terms & Tenure - The premises is available Freehold subject to the lease
details enclosed herein.
Tenancy Schedule - Retail Unit (Ground Floor and Basement):
Let initially for a term of 7 years from 25th September 2014 at a current rent
passing of £10, 200 per annum (exclusive). We have therefore been informed that
the Tenant is currently holding over, which is currently held on a periodic
tenancy.
4 Bedroom HMO (First and Second Floors):
Currently let on standard individual Assured Shorthold Tenancy (AST)
agreements. The current rent passing is £1, 169 per calendar month. Please be
advised that a new effective group tenancy has been agreed, with effect from
1st July 2022 for a term of 12 months, based on an agreed rent of £13, 332 per
annum. This this equates to £303 per calendar month per room, with half rent
being pain in July and August.

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