Princess Way, Swansea, Swansea, Wales, SA1 5HE, ENGLAND
, SA1 5HE
Price: Rent: £840,195 Per Annum Sale Price : £9,830,000
Size: 67784 sq ft6297 sqm Primary Category: Leisure All Categories:
Leisure, Shop, Property Ref/Movehut: MH609057 Property Ref/Agent: 1307
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: August 25, 2019
Swansea is the regional administrative centre for south west Wales. Prominently situated adjoining Castle Gardens and Oxford Street. Modern retail and leisure building over basement, ground, first and part second floors, totalling 67,783 sq ft. Multi-let to 7 tenants providing a WAULT of 9.2 years to lease expiry and 4.9 years to lease breaks. National covenants including Zara (D&B 4A1), The Gym (D&B 5A1) and Coffee#1 Ltd (D&B 2A1). Held long leasehold for 200 years expiring 14 October 2209 from the City & County Council of Swansea. The current ground rent payable is £20,805. Net rent payable following the deduction of the ground rent is £840,195 pa. Offers in excess of £9,830,000 (nine million eight hundred and thirty thousand pounds) subject to contract and exclusive of VAT. Net Initial Yield 7.95% after purchaser costs of 7.58%.
EPC for Princess Way, Swansea, Swansea, Wales, SA1 5HE, ENGLAND
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