Unit 3 Castell Close, off Phoenix Way, Enterprise Park, Swansea, SA7 9FH
- Property Type: Retail Out of Town, Trade Counter
- Size: 916 sq m (9,861 sq ft)
- DETACHED RETAIL WAREHOUSE
- MODERN UNIT COMPRISING 9,861 SQ FT
- ESTABLISHED COMMERCIAL LOCATION CLOSE TO JCT44/45 M4
- SELF-CONTAINED CAR PARK
- ASKING RENT £85,000 PAX
- OR, OFFERS IN THE REGION OF £860,000 FOR THE LONG LEASEHOLD INTEREST
The property is located off Castell Close, which is a cul-de-sac off Phoenix Way, a main access road, circulating the central lake of the Swansea Enterprise Park. J44 and 45 of the M4 is within 2 miles of the property. Swansea City Centre is located 3 miles to the south. Prominent occupiers in the immediate vicinity include Oak Furniture Land, Europacar, Home Bargains, Greggs, Farmfoods and Dreams.
A detached steel portal frame building, clad with alloy sheeting. The premises is divided up into showroom, warehouse area, Offices and staff accommodation. Externally exists a self contained car parking area leading to a roller door. Min eaves height 3.27m Max eaves height 4.96m
Total 916.13 sq m (9,861 sq ft)
We have been informed via an enquiry on the Valuation Web Site the property has a rateable value of £57,000. UBR for Wales 2023/24 is 0.535p in the £.
EPC – To be provided
The property is available on new lease terms.
Rental offers in the region of £85,000 pax
Building Insurance Premium:
In the case of a new lease, the landlord to continue to insure the property, recovering the premium cost from the tenant.
Alternatively, our client would consider a sale of the long leasehold interest. We have been informed that a new ground lease is being negotiated for a term of 125 years, at a new ground rent to be agreed, reviewed every 5 years.
Asking Price: Offers in the region of £860,000.
Our client reserves the right to charge VAT on all payments.