Unit 4 Phoenix Business Park, Lion Way, Enterprise Park, Swansea, SA7 9FZ
- Property Type: Investment
- Size: 384 sq m (4,144 sq ft)
- FULLY LET TRADE COUNTER/INDUSTRIAL UNIT
- CENRTAL LOCATION WITHIN SWANSEA ENTERPRISE PARK
- NEW 5-YEAR LEASE TO REDWOOD JOINERY (SWANSEA) LTD
- LONG LEASEHOLD
- INCOME £14,000 PAX
- OFFERS IN THE REGION OF £135,000
The property is located on the established Lion Way Business Park, 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.
Prominent occupiers in the immediate vicinity include Greggs, Screwfix, Poundstretcher, Home Bargains and Oak Furniture.
A modern terrace steel portal frame building, clad with alloy sheeting. The building has a mez floor to almost the whole ground floor area. This is open manufacturing / storage space with two inner offices. Ground floor comprises of a feature showroom with rear storage and workshop.
Ground Floor: 202.31 sq m ( 2,178 sq ft )
Mez: 182.62 sq m ( 1,966 sq ft )
The property is held Long Leasehold for a term of 125 years from 25th March 1984. The current ground rent is £1,039 pax.
A new lease is being prepared for a term of 5 years, at an initial rent of £14,000 pax. The lease will contain a rent review after the first 3 years and is on an FRI lease basis, subject to a schedule of condition.
Offers in the region of £135,000