Let on a full repairing and insuring lease until 2024 (subject to option)
Tenant in occupation since 1999
Swansea's principal business park some two miles south-west of the M4
Nearby occupiers include Oak Furniture Land, Iceland, B&M Bargains, Screwfix and Greggs
Lot 44
Auction 14th February 2018
Rent £48,000 per Annum Exclusive
Status Sold
Price £310,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles north-east of Swansea city centre, 40 miles west of Cardiff
Roads
A4217, A48, M4
Rail
Swansea Railway Station
Air
Cardiff Airport
Situation
The property is prominently situated 3 miles north-east of Swansea city centre in the well established Swansea Enterprise Park, which comprises a mix of office, leisure, retail and industrial occupiers. The Enterprise Park benefits from close proximity to the M4 (Junction 44).
Tenure
Long Leasehold. Held from The Council of the City of Swansea for a term of 125 years from 29th September 1990 at a fixed peppercorn rent.
Location
Miles
3 miles north-east of Swansea city centre, 40 miles west of Cardiff
Roads
A4217, A48, M4
Rail
Swansea Railway Station
Air
Cardiff Airport
Situation
The property is prominently situated 3 miles north-east of Swansea city centre in the well established Swansea Enterprise Park, which comprises a mix of office, leisure, retail and industrial occupiers. The Enterprise Park benefits from close proximity to the M4 (Junction 44).
Tenure
Long Leasehold. Held from The Council of the City of Swansea for a term of 125 years from 29th September 1990 at a fixed peppercorn rent.
Description
A detached two storey office building currently being used as laboratories/clinic on the ground floor and offices on the first floor. The property benefits from a self-contained site of approximately 0.19 hectares (0.47 acres) with some 21 car parking spaces.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
A detached two storey office building currently being used as laboratories/clinic on the ground floor and offices on the first floor. The property benefits from a self-contained site of approximately 0.19 hectares (0.47 acres) with some 21 car parking spaces.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground First
Office Office
251.80 sq m 241.40 sq m
(2,711 sq ft) (2,599 sq ft)
HOWARD & PALMER LIMITED t/a Swansea Laser Clinic
25 years from 1/11/1999 on a full repairing and insuring lease (1)
£48,000
01/11/2017 and 3 yearly (31/10/2024)
Total
493.20 sq m
(5,310 sq ft)
£48,000
(1) The lease is subject to a tenant option to determine the lease at any time on 12 months’ notice and a Landlord option to determine the lease on 01/11/2019 subject to 12 months’ notice.
