- RETAIL, INVESTMENT GENERAL
- 552 sqft (51 sqm)
- For sale
A rare opportunity to purchase the freehold interest in 14 Newton Road, Mumbles, subject to a Regulated Tenancy of the flat, following Greggs’ relocation to 2-4 Newton Road. Adjacent occupiers are Mumbles Pharmacy and Barclays. Other occupiers in the immediate vicinity include Tesco Express, FatFace, WhiteStuff, Rowberry Shoes. Other occupiers within Mumbles include Mountain Warehouse, Joules, Peacocks, Loungers, La Bistro Pierre. A 10,000 sq ft M&S has also recently opened on Newton Road.
The property is a three storey building over ground and two upper floors. The ground floor is used as retail with access direct from Newton Road, with rear access also provided into the shop. Access to the flat is from the rear and via Castle Crescent and up a flight of stairs to reach a door to access the flat on first floor level. A kitchen and separate lounge and dining room is provided on the first floor with three double bedrooms, a bathroom and a separate WC provided on the second floor.
The sale of the property will be subject to a Regulated Tenancy of the flat. Further information is available on request.
Offers invited in excess of £545,000 for the freehold interest with vacant possession of the shop, and subject to the Regulated Tenancy of the flat.
The 2017 rateable value for the shop is
Rateable value £18,000
Rates payable 2019 / 2020 £9,468
Interested parties are encouraged to make their own enquiries with the local rating authority.
The property provides the following approximate areas and
Gross Frontage 6.62 m 21 ft 19 in
Initial Internal Width 6.25 m 20 ft 51 in
Shop Depth 8.74 m 28 ft 67 in
Built Depth 12.25 m 40 ft 19 in
Ground Floor Sales 552 sq ft 51.28 sq m
Ground Rear Store 7.06 sq m 76 sq ft
Ground External Rear Store 7.15 sq m 77 sq ft
3 Double Bed Residential Flat Over First and Second Floors
The property is not elected for VAT at the present time.
C - 75 Retail
D - 62 Residential
Each party to bear its own costs incurred in this transaction.
Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.