Property photos
Leasehold
Offers in region of
£25,000
(£59.81/sq. ft)
Retail premises for sale
Gower Road, Killay, Swansea SA2418 sq. ft
Local area information
Property location
Nearby amenities
- Dunvant Primary 0.4 miles
- Hendrefoilan Primary School 0.4 miles
- Gowerton 2.3 miles
- Swansea 3.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Lease & business for sale for A term of 15 years from 1 June 2016 at A current rent passing of £6,000 pa
- Ground floor retail unit situated along A prominent main road position
- Established trading location within with killay
- Fully fitted and equipped to include 5 no. Workstations and 2 no. Wash areas
Lease & business for sale
The property comprises a self-contained ground floor retail unit, which is situated along an established trading location along a prominent main road position, fronting Gower Road, within the popular suburban district of Killay.
The ground floor retail unit, which can be accessed off the main pedestrian walkway to the front over an entrance foyer and corridor, benefits from a small sales area to the front together with ancillary accommodation to the rear comprising a staff kitchen area, store room and w.c. Facilities.
The subject premises is currently occupied and held on a standard business lease, for a term of 15 years from 1st June 2016, at a current rent passing of £6,000 per annum (exclusive). We note that the lease also has provisions for 5 yearly rent reviews, with the next review being on 1st June 2026. We therefore advise that the subject premises will be marketed on the basis that the lease will be assigned to another incoming tenant subject to the lease terms originally agreed.
The subject premises also benefits from a fully fitted long-standing hair salon business, trading as Hairzone, generating a turnover in excess of £100,000 (for the trading period from 1st November 2022 to 31st March 2024). We therefore advise that the current occupational leasehold interest will be subject to the sale of the existing goodwill, fixtures and fittings.
Description
The property comprises a self-contained ground floor retail unit, which is situated along an established trading location along a prominent main road position, fronting Gower Road, within the popular suburban district of Killay.
The ground floor retail unit, which can be accessed off the main pedestrian walkway to the front over an entrance foyer and corridor, benefits from a small sales area to the front together with ancillary accommodation to the rear comprising a staff kitchen area, store room and w.c. Facilities.
The subject premises is currently occupied and held on a standard business lease, for a term of 15 years from 1st June 2016, at a current rent passing of £6,000 per annum (exclusive). We note that the lease also has provisions for 5 yearly rent reviews, with the next review being on 1st June 2026. We therefore advise that the subject premises will be marketed on the basis that the lease will be assigned to another incoming tenant subject to the lease terms originally agreed.
The subject premises also benefits from a fully fitted long-standing hair salon business, trading as Hairzone, generating a turnover in excess of £100,000 (for the trading period from 1st November 2022 to 31st March 2024). We therefore advise that the current occupational leasehold interest will be subject to the sale of the existing goodwill, fixtures and fittings.
Location
The subject premises is located along Gower Road within Killay, which is a popular urban district to the west of Swansea City Centre (approximately 3.5 miles).
The premises is situated along a busy main road location within an established parade of commercial units and ideally located for its intended use.
The subject premises can be accessed from the city centre by taking the main A4118 towards Sketty and eventually Killay. As you approach the main Precinct continue straight whereby the property will be situated on your right hand side directly after the Black Boy.
Accommodation
This property offers the following approximate dimensions and areas:
Ground floor:
Net Internal Area: 38.85 sq.m (418.21 sq. Ft.)
Sales Area: 20.68 sq.m (222.59 sq. Ft.)
Shop Depth: 5.30m (17'4")
Net Frontage: 3.13m (10'3")
Ancillary: 18.17 sq.m (195.58 sq. Ft.)
which briefly comprises the following.
Reception Aera: 4.28m x 2.70m
subdivided in part to comprise a small treatment room/ store.
W.C. Facilities
with w.c. And wash hand basin.
Staff Kitchen: 3.01m x 1.26m
fitted with a range of wall and base units, etc.
Rates
As stated on the voa website the Rateable Value for the subject premises is as follows:
Rateable Value (2023): £6,700
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2025-26 the multiplier will be 0.568.
Rates relief for small business with a rateable value up to £6000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .
Vat
All figures quoted are exclusive of VAT. We have been advised that VAT will not be applicable to this transaction.
Terms & Tenure
Our client's interest is available on an occupational lease agreement with effect from 1st June 2016 for a term of 15 years at a current rent passing of £6,000 per annum (exclusive) for use as a hair salon or within Use Class A1 of the Town and Country Planning (Use Classes) Order 1987. The Lease also has provisions for periodic rent reviews, every five years.
The client's Leasehold interest is available subject to the proposed premium quoted in our particulars, as consideration for the business goodwill and Tenant's fixtures and fittings.
A copy of the Lease is also available on request.
Viewing
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: Email:
The property comprises a self-contained ground floor retail unit, which is situated along an established trading location along a prominent main road position, fronting Gower Road, within the popular suburban district of Killay.
The ground floor retail unit, which can be accessed off the main pedestrian walkway to the front over an entrance foyer and corridor, benefits from a small sales area to the front together with ancillary accommodation to the rear comprising a staff kitchen area, store room and w.c. Facilities.
The subject premises is currently occupied and held on a standard business lease, for a term of 15 years from 1st June 2016, at a current rent passing of £6,000 per annum (exclusive). We note that the lease also has provisions for 5 yearly rent reviews, with the next review being on 1st June 2026. We therefore advise that the subject premises will be marketed on the basis that the lease will be assigned to another incoming tenant subject to the lease terms originally agreed.
The subject premises also benefits from a fully fitted long-standing hair salon business, trading as Hairzone, generating a turnover in excess of £100,000 (for the trading period from 1st November 2022 to 31st March 2024). We therefore advise that the current occupational leasehold interest will be subject to the sale of the existing goodwill, fixtures and fittings.
Description
The property comprises a self-contained ground floor retail unit, which is situated along an established trading location along a prominent main road position, fronting Gower Road, within the popular suburban district of Killay.
The ground floor retail unit, which can be accessed off the main pedestrian walkway to the front over an entrance foyer and corridor, benefits from a small sales area to the front together with ancillary accommodation to the rear comprising a staff kitchen area, store room and w.c. Facilities.
The subject premises is currently occupied and held on a standard business lease, for a term of 15 years from 1st June 2016, at a current rent passing of £6,000 per annum (exclusive). We note that the lease also has provisions for 5 yearly rent reviews, with the next review being on 1st June 2026. We therefore advise that the subject premises will be marketed on the basis that the lease will be assigned to another incoming tenant subject to the lease terms originally agreed.
The subject premises also benefits from a fully fitted long-standing hair salon business, trading as Hairzone, generating a turnover in excess of £100,000 (for the trading period from 1st November 2022 to 31st March 2024). We therefore advise that the current occupational leasehold interest will be subject to the sale of the existing goodwill, fixtures and fittings.
Location
The subject premises is located along Gower Road within Killay, which is a popular urban district to the west of Swansea City Centre (approximately 3.5 miles).
The premises is situated along a busy main road location within an established parade of commercial units and ideally located for its intended use.
The subject premises can be accessed from the city centre by taking the main A4118 towards Sketty and eventually Killay. As you approach the main Precinct continue straight whereby the property will be situated on your right hand side directly after the Black Boy.
Accommodation
This property offers the following approximate dimensions and areas:
Ground floor:
Net Internal Area: 38.85 sq.m (418.21 sq. Ft.)
Sales Area: 20.68 sq.m (222.59 sq. Ft.)
Shop Depth: 5.30m (17'4")
Net Frontage: 3.13m (10'3")
Ancillary: 18.17 sq.m (195.58 sq. Ft.)
which briefly comprises the following.
Reception Aera: 4.28m x 2.70m
subdivided in part to comprise a small treatment room/ store.
W.C. Facilities
with w.c. And wash hand basin.
Staff Kitchen: 3.01m x 1.26m
fitted with a range of wall and base units, etc.
Rates
As stated on the voa website the Rateable Value for the subject premises is as follows:
Rateable Value (2023): £6,700
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2025-26 the multiplier will be 0.568.
Rates relief for small business with a rateable value up to £6000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .
Vat
All figures quoted are exclusive of VAT. We have been advised that VAT will not be applicable to this transaction.
Terms & Tenure
Our client's interest is available on an occupational lease agreement with effect from 1st June 2016 for a term of 15 years at a current rent passing of £6,000 per annum (exclusive) for use as a hair salon or within Use Class A1 of the Town and Country Planning (Use Classes) Order 1987. The Lease also has provisions for periodic rent reviews, every five years.
The client's Leasehold interest is available subject to the proposed premium quoted in our particulars, as consideration for the business goodwill and Tenant's fixtures and fittings.
A copy of the Lease is also available on request.
Viewing
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: Email:
More information
Listed by
Astleys Chartered Surveyors
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Property descriptions and related information displayed on this page are marketing materials provided by - Astleys Chartered Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Astleys Chartered Surveyors for full details and further information.