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73 Herbert St 2,575 SF 100% Leased Retail Building Swansea SA8 4ED $297,925 CAD ($115.70 CAD/SF)
Investment Highlights
- Established occupiers within close proximity include Greggs, Lloyds Bank, Jenkins Bakery and Well Pharmacy
- The ground floor retail unit can be accessed directly off the main pedestrian walkway to the front
- Situated along the primary retail area and main high street location within Pontardawe town centre
Executive Summary
Our client's Freehold interest is available for sale, which is subject to the following occupational lease.
The ground floor retail unit is currently occupied and held on a lease for a term of 10 years from 1st October 2016, producing a current rent passing £9,000 per annum (exclusive).
We further advise that a proposed lease renewal is in the process of being granted for a term of 10 years from 1st October 2026, subject to an annual rent of £10,500 per annum (exclusive). The Lease also has provisions for periodic rent reviews every five years.
The ground floor retail unit is currently occupied and held on a lease for a term of 10 years from 1st October 2016, producing a current rent passing £9,000 per annum (exclusive).
We further advise that a proposed lease renewal is in the process of being granted for a term of 10 years from 1st October 2026, subject to an annual rent of £10,500 per annum (exclusive). The Lease also has provisions for periodic rent reviews every five years.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,575 SF
Year Built
1900
Price
$297,925 CAD
Price Per SF
$115.70 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
28’ on Herbert Street
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Nearby Major Retailers
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73 Herbert St
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