• Fronting the principal route linking Swansea City Centre to the M4 Motorway

• Secure Income – American Golf, Domino's & Majestic Wine

• Multi-let - AWULT 7.5 years

• 2 tenants have been in occupation since 1999

• Domino's paid a premium for their lease

• Asset management opportunities

• £1,142,000, subject to contract

• Net initial yield 7.0%

The second largest city in Wales, Swansea is located 64 km (40 miles) north-west of Cardiff, 129 km (80 miles) west of Bristol and 298 km (185 miles) west of London.

Swansea benefits from excellent road communications being situated approximately 8 km (5 miles) from the M4 Motorway, accessed via Junctions 42-47. In addition, Swansea is connected to the railway network with a fastest journey time to London Paddington of approximately 3 hours. The journey time to Cardiff is 55 minutes. Cardiff International Airport is located 64 km (40 miles) to the south-east and provides scheduled daily flights to a number of UK and mainland European destinations.

The property comprises a three unit out of town roadside retail scheme built in the 1990’s. Construction is of cavity brick and blockwork elevations and profiled metal cladding. Frontages are glazed incorporating customer doors.

Internally, the tenants have fitted out their units to their own corporate styles of their companies. The units have an eaves height of approximately 4.95m.

Externally, car parking is provided to the side and front of the property which provides a shared car park for 35 cars providing a ratio of 1:20.74 sq m / 1:223 sq ft.

The property has been measured by BKR Floor Plans and provides the following gross internal floor areas;

A set of floor plans is available to download and the measured survey report can be re-addressed to the purchaser.

We understand planning permission was granted in 1998 for demolition of an existing office building and erection of a Class A1 non-food retail building incorporating 3 shop units together with associated car park.

In 2009 planning permission was approved regarding Unit 2 for change of use from retail (Class A1) to food and drink (Class A3).

Freehold.

American Golf Discount Centre Limited (Co. No. 01720832) has reported the following figures;

Kingdom and Republic of Ireland. The company stocks a full range of equipment and apparel for golfers of all levels both in-store and online. For further information visit www.americangolf.co.uk.

DP Realty Limited (Co. No. 2882513) has reported the following figures;

Domino’s Pizza is a franchised business whereby individual franchisees own and operate local Domino’s Pizza stores under the umbrella of the Domino’s Pizza brand. Domino’s Pizza UK and Ireland Limited is the master franchisor for the UK and Ireland and the main operating subsidiary of Domino’s Pizza Group plc, which is a FTSE 250 company. All of their UK and Ireland leases are acquired in the name of DP Realty Limited. The properties are subsequently sublet to their franchisees who operate the stores. For further information visit www.dominos.co.uk.

Majestic Wine Warehouse Limited (Co. No. 1594599) has reported the following figures;

Majestic Vintners opened its first wine warehouse in North London in 1980 and today it is the largest wine specialist in the United Kingdom. Majestic differentiates itself by maintaining high quality customer service and advice, the diversity and quantity of stock it holds, dedicated on-site customer parking, wines to taste for free every day, the ability to order stock in-store or online and the availability of free delivery throughout mainland United Kingdom. For further information visit www.majestic.co.uk. 
  
 

There is potential to develop a pod in the form of either a standalone unit or a drive-thru on the southern boundary of the site. Plans have been drawn up, which are available to download, as Dominos were initially interested in this when the unit they occupy now was let a previous occupier. In addition, there are opportunities for an investor to re-gear the leases with American Golf and Majestic Wine.

Our client is seeking offers of £1,142,000 (One Million, One Hundred and Forty-Two Thousand Pounds), subject to contract, reflecting a net initial yield of 7.0% (assuming standard purchasing costs of 5.88%).

1. An opportunity to acquire prominent multi-let roadside retail investment;

2. The property is situated fronting Carmarthen Road; the principal route connecting Swansea City Centre and Junction 47 of the M4 Motorway;

3. The property benefits from open A1 planning consent;

4. The property is let to secure covenants providing an AWULT to breaks of 5.2 years and 7.5 years to expiries;

5. American Golf and Majestic Wine have been in occupation since 1999 establishing good amounts of goodwill in this location and DP Realty (Dominos) paid a £20,000 premium to go into their unit;

6. We understand that each tenant trades well;

7. A purchase at the asking price will provide an investor with an attractive net initial yield;

8. Attractive lot size for an investor.