Unit 13 Beaufort Court, Beaufort Road, Plasmarl, Swansea, SA6 8JG
- Property Type: Investment
- Size: 390 sq m (4,195 sq ft)
- TERRACED INDUSTRIAL UNIT WITH FORECOURT PARKING
- ESTABLISHED LOCATION APPROX 2 MILES FROM JCT 45 M4
- 390 SQ M (4,195 SQ FT)
- LONG LEASEHOLD INVESTMENT PRODUCING £14,140 PA
- ACTIVE ASSET MANAGEMENT OPPORTUNITY TO RENEW LEASE AT REVERSIONARY RENT
- OFFERS IN THE REGION OF £220,000
The property is located on Beaufort Road, a busy and established commercial area which is a mixed Office, Trade Counter and Industrial development, located in the heart of the Swansea Enterprise Park. Good communications are provided to J44 and 45 of the M4 motorway.
A modern terraced steel portal frame building clad externally with corrugated sheeting and facing brick elevations. Minimum Eaves Height 5.5 Metres (max 6m).
Roller shutter and separate pedestrian access at the front of the building via the forecourt and loading area.
Ground Floor: 378 sq m (4,066 sq ft)
First Floor: 12 sq m (129 sq ft
Total: 390 sq m (4,195 sq ft)
We have been informed via an enquiry on the Valuation Web Site that the property has a rateable value of £22,000. Please note that this includes the adjoining property Unit 12, which is under separate ownership.
EPC – To be provided.
ESTATE SERVICE CHARGE
A service charge is payable in respect of the common areas, including estate road, of the Estate (Beaufort Court) of which the property forms part. Current service charge TBC
The property is held Long Leasehold for a term of 125 years (less 10 days) from 29th November 1985. The current ground rent is £1,382 pa.
The property is let to P D Taylor & J P Ralph t/a Lawstore. The Tenant has been holding over since November 2007 at ta rent of £14,140pax. Lawstore also occupy Unit 12 Beaufort Court and have opened up part of the party wall to connect the units. Should the tenant vacate, they are obliged to put the party wall back as originally constructed.
The passing rent equates to £3.48 psf and has not been reviewed since 2004. We assess the market rent for units of this nature to be £4.50 to £5.50psf, therefore demonstrating the opportunity to enhance value.
Offers in the region of £220,000