Offers in region of£250,000
Added > 14 days
Pub for sale
7-9 Mysydd Road, Landore, Swansea
01792 738364
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Pub
0 bed
bath
4,398 sq ft / 409 sq m
Property description & features
- Tenure: Freehold
- Fully let mixed use freehold investment opportunity
- Producing a gross rental income of £32,340 per annum (12.93% giy)
- Gross internal area 408.66 sq.m (4,398.81 sq. ft.)
- Fully fitted licenced premises arranged over two floors with seating for in excess of 100 covers
- 2 no. self contained residential apartments arranged over remaining first floor
- Densely populated catchment area within ease of access to swansea city centre (2 miles)
The subject premises comprises a fully let mixed use investment (producing a gross rent of £32,340 pa) arranged over two floors, which is situated within a densely populated location to the north of Swansea city centre within the suburban area of Landore.
The ground floor, which is occupied predominantly for use as a licenced premises comprises a relatively open plan floor area, which has been subdivided in part to accommodate a fully fitted bar area, a pool room and lounge/ snug. The main commercial area is also supported by ancillary accommodation, comprising ladies and gents w.c facilities, a catering kitchen and cellar store. An additional function room and bar area is also available over the first floor, which can be accessed off an internal stairwell to the rear of the building or alternatively over main entrance foyer to the front.
The remaining accommodation arranged over the first floor comprises two self-contained residential apartments, both of which can be accessed off the internal stairwell and landing to the front. Both apartments are currently occupied and let, held on separate Occupational Contracts.
Externally, we note that the subject premises accommodates the majority of the site, with the exception of the enclosed beer garden area to the rear which is arranged over a split level, forming part of the commercial accommodation. No designated parking facilities are available on site but we advise that adequate on street parking and various resident bays are located off the main highway to the front.
Description - The subject premises comprises a fully let mixed use investment arranged over two floors, which is situated within a densely populated location to the north of Swansea city centre within the suburban area of Landore.
The ground floor, which is occupied predominantly for use as a licenced premises comprises a relatively open plan floor area, which has been subdivided in part to accommodate a fully fitted bar area, a games room and lounge/ snug. The main commercial area is also supported by ancillary accommodation, comprising ladies and gents w.c facilities, a catering kitchen and cellar store. An additional function room and bar area is also available over the first floor, which can be accessed off an internal stairwell to the rear of the building or alternatively over main entrance foyer to the front. We further advise that the subject premises will include the trade fixtures and fittings, a copy of which will be available upon request.
The remaining accommodation arranged over the first floor comprises two self-contained residential apartments, both of which can be accessed off the internal stairwell and landing to the front. Both apartments are currently occupied and let, held on separate Occupational Contracts.
Externally, we note that the subject premises accommodates the majority of the site, with the exception of the enclosed beer garden area to the rear which is arranged over a split level, forming part of the commercial accommodation. No designated parking facilities are available on site but we advise that adequate on street parking and various resident bays are located off the main highway to the front.
We advise that the subject premises is fully let, to three separate occupiers, producing a total gross rental income of £32,340 per annum, which equates to an attractive Gross Initial Yield (GIY) of 12.93%.
Location - The subject premises is located within a densely populated residential area, fronting Mysydd Road within Landore.
Landore is a popular district and community in Swansea, which is located about 2.5 miles north of Swansea city centre. The north-easterly part of Landore is known as Morfa, which has an immediate catchment population of 6,168 (2011 UK Census).
Established amenities within close proximity include Swansea Football Club Stadium, (Swansea.com Stadium), Morfa Retail Park and Swansea Enterprise Park, all of which are within two miles from the subject premises and accessed via the main A4067 and A4217 dual carriageways.
Accommodation - The subject premises affords the following approximate dimensions and areas.
GROUND FLOOR
Gross Internal Area: 225.15 sq.m (2,423.51 sq. ft.)
Entrance Foyer
with stairs to first floor, door to.
Bar Area: 5.32m x 9.72m
with fully fitted fixed bar area, with various bar stools and free standing seating for approximately 10 covers, with access to.
Games Room: 4.28m x 6.33m
Lounge: 5.81m x 9.02m
comprising a mixture of fixed upholstery and freestanding seating for approximately 35 covers in total, with access to.
Snug: 3.25m x 7.93m
comprising a mixture of fixed upholstery and freestanding seating for approximately 10 covers in total, external door to rear courtyard.
Commercial Kitchen: 3.27m x 3.56m
fitted with a range of catering equipment, door to.
Beer Cellar: 4.27m x 6.45m
fully fitted with an integrated cooling unit, door to front elevation.
Rear Stairwell
with stairs to first floor, fire escape to rear, door to.
Boiler Room
housing a gas fired boiler unit.
FIRST FLOOR
Gross Internal Area: 183.51 sq.m (1,975.30 sq. ft.)
Landing
with doors to.
Function Room: 8.74m (max) x 11.83m (max)
with various free standing seating for approximately 55 covers, stairwell to lounge (ground floor), access to.
Bar: 3.64m x 2.78m
with fully fitted fixed bar area.
Flat 1: 45.03 sq.m (484.70 sq. ft.)
Lounge: 4.42m (max) x 4.10m
with access to store cupboard.
Corridor
with doors to.
Bedroom: 4.37m x 3.05m
Kitchen: 2.29m x 2.78m
fitted with a range of wall and base units incorporating sink drainer.
Bathroom
fitted with a three piece suite comprising bath, w.c. and wash hand basin.
Flat 2: 27.25 sq.m (293.40 sq. ft.)
Corridor
with doors to.
Kitchen/ Dining Area: 4.28m x 2.59m
fitted with wall and base units incorporating sink drainer.
Bedroom (L-Shaped): 3.24m x 3.74m
Shower Room
fitted with a three piece suite comprising shower enclosure with electric shower unit, w.c. and wash hand basin.
Rates - As stated on the Valuation Agency Office (VOA) website the Rateable Value for the subject premises is as follows:
Rateable Value (2023): £8,250
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024-25 the multiplier will be 0.562.
Rates relief for small business with a rateable value up to £6,000 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 .
The residential accommodation is rated separately. Based on the information collated within the Council Tax Valuation List, the residential accommodation is rated under Council Tax Band A.
Vat - Please be advised that all figures quoted are exclusive of VAT (where applicable).
Terms And Tenure - The subject premises is available Freehold (to include the trade fixtures and fittings), which is subject to the following Leases:
Commercial - Lease of Ground Floor and Function Room of The Globe Inn to a private individual for a term of 2 years from 12th February 2024 at a current rent passing of £18,000 per annum (exclusive).
Flat 1 - Let on an Occupational Contract for an extended term of 12 months from 19th May 2024, producing a current rent passing of £675 per calendar month (£8,100 per annum).
Flat 2 - Let on an Occupational Contract for an initial term of 36 months from 15th March 2023 (ending on 15th March 2026), producing a current rent passing of £120 per week (£6,240 per annum or £520 per calendar month).
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
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The ground floor, which is occupied predominantly for use as a licenced premises comprises a relatively open plan floor area, which has been subdivided in part to accommodate a fully fitted bar area, a pool room and lounge/ snug. The main commercial area is also supported by ancillary accommodation, comprising ladies and gents w.c facilities, a catering kitchen and cellar store. An additional function room and bar area is also available over the first floor, which can be accessed off an internal stairwell to the rear of the building or alternatively over main entrance foyer to the front.
The remaining accommodation arranged over the first floor comprises two self-contained residential apartments, both of which can be accessed off the internal stairwell and landing to the front. Both apartments are currently occupied and let, held on separate Occupational Contracts.
Externally, we note that the subject premises accommodates the majority of the site, with the exception of the enclosed beer garden area to the rear which is arranged over a split level, forming part of the commercial accommodation. No designated parking facilities are available on site but we advise that adequate on street parking and various resident bays are located off the main highway to the front.
Description - The subject premises comprises a fully let mixed use investment arranged over two floors, which is situated within a densely populated location to the north of Swansea city centre within the suburban area of Landore.
The ground floor, which is occupied predominantly for use as a licenced premises comprises a relatively open plan floor area, which has been subdivided in part to accommodate a fully fitted bar area, a games room and lounge/ snug. The main commercial area is also supported by ancillary accommodation, comprising ladies and gents w.c facilities, a catering kitchen and cellar store. An additional function room and bar area is also available over the first floor, which can be accessed off an internal stairwell to the rear of the building or alternatively over main entrance foyer to the front. We further advise that the subject premises will include the trade fixtures and fittings, a copy of which will be available upon request.
The remaining accommodation arranged over the first floor comprises two self-contained residential apartments, both of which can be accessed off the internal stairwell and landing to the front. Both apartments are currently occupied and let, held on separate Occupational Contracts.
Externally, we note that the subject premises accommodates the majority of the site, with the exception of the enclosed beer garden area to the rear which is arranged over a split level, forming part of the commercial accommodation. No designated parking facilities are available on site but we advise that adequate on street parking and various resident bays are located off the main highway to the front.
We advise that the subject premises is fully let, to three separate occupiers, producing a total gross rental income of £32,340 per annum, which equates to an attractive Gross Initial Yield (GIY) of 12.93%.
Location - The subject premises is located within a densely populated residential area, fronting Mysydd Road within Landore.
Landore is a popular district and community in Swansea, which is located about 2.5 miles north of Swansea city centre. The north-easterly part of Landore is known as Morfa, which has an immediate catchment population of 6,168 (2011 UK Census).
Established amenities within close proximity include Swansea Football Club Stadium, (Swansea.com Stadium), Morfa Retail Park and Swansea Enterprise Park, all of which are within two miles from the subject premises and accessed via the main A4067 and A4217 dual carriageways.
Accommodation - The subject premises affords the following approximate dimensions and areas.
GROUND FLOOR
Gross Internal Area: 225.15 sq.m (2,423.51 sq. ft.)
Entrance Foyer
with stairs to first floor, door to.
Bar Area: 5.32m x 9.72m
with fully fitted fixed bar area, with various bar stools and free standing seating for approximately 10 covers, with access to.
Games Room: 4.28m x 6.33m
Lounge: 5.81m x 9.02m
comprising a mixture of fixed upholstery and freestanding seating for approximately 35 covers in total, with access to.
Snug: 3.25m x 7.93m
comprising a mixture of fixed upholstery and freestanding seating for approximately 10 covers in total, external door to rear courtyard.
Commercial Kitchen: 3.27m x 3.56m
fitted with a range of catering equipment, door to.
Beer Cellar: 4.27m x 6.45m
fully fitted with an integrated cooling unit, door to front elevation.
Rear Stairwell
with stairs to first floor, fire escape to rear, door to.
Boiler Room
housing a gas fired boiler unit.
FIRST FLOOR
Gross Internal Area: 183.51 sq.m (1,975.30 sq. ft.)
Landing
with doors to.
Function Room: 8.74m (max) x 11.83m (max)
with various free standing seating for approximately 55 covers, stairwell to lounge (ground floor), access to.
Bar: 3.64m x 2.78m
with fully fitted fixed bar area.
Flat 1: 45.03 sq.m (484.70 sq. ft.)
Lounge: 4.42m (max) x 4.10m
with access to store cupboard.
Corridor
with doors to.
Bedroom: 4.37m x 3.05m
Kitchen: 2.29m x 2.78m
fitted with a range of wall and base units incorporating sink drainer.
Bathroom
fitted with a three piece suite comprising bath, w.c. and wash hand basin.
Flat 2: 27.25 sq.m (293.40 sq. ft.)
Corridor
with doors to.
Kitchen/ Dining Area: 4.28m x 2.59m
fitted with wall and base units incorporating sink drainer.
Bedroom (L-Shaped): 3.24m x 3.74m
Shower Room
fitted with a three piece suite comprising shower enclosure with electric shower unit, w.c. and wash hand basin.
Rates - As stated on the Valuation Agency Office (VOA) website the Rateable Value for the subject premises is as follows:
Rateable Value (2023): £8,250
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024-25 the multiplier will be 0.562.
Rates relief for small business with a rateable value up to £6,000 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 .
The residential accommodation is rated separately. Based on the information collated within the Council Tax Valuation List, the residential accommodation is rated under Council Tax Band A.
Vat - Please be advised that all figures quoted are exclusive of VAT (where applicable).
Terms And Tenure - The subject premises is available Freehold (to include the trade fixtures and fittings), which is subject to the following Leases:
Commercial - Lease of Ground Floor and Function Room of The Globe Inn to a private individual for a term of 2 years from 12th February 2024 at a current rent passing of £18,000 per annum (exclusive).
Flat 1 - Let on an Occupational Contract for an extended term of 12 months from 19th May 2024, producing a current rent passing of £675 per calendar month (£8,100 per annum).
Flat 2 - Let on an Occupational Contract for an initial term of 36 months from 15th March 2023 (ending on 15th March 2026), producing a current rent passing of £120 per week (£6,240 per annum or £520 per calendar month).
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
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01792 738364
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Astleys is a member of the Royal Institution of Chartered Surveyors (RICS) and is one of South West Wales’ leading firms of Chartered Surveyors, Auctioneers and Estate Agents. The firm has been established since 1863, which is run by a group of esteemed chartered surveyors with over 158 years of experience. We offer sound and professional advise covering all aspect of commercial property such as Agency, Acquisitions, Valuations, Rating, Rent Reviews, Dilapidations, Business Transfers and Licenced Trade. Astleys actively covers the commercial property market throughout South and West Wales including areas such as Swansea, Neath, Port Talbot, Llanelli, Bridgend, Ammanford, Carmarthenshire and Pembrokeshire.
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Broadband availability and predicted speed: obtained from Ofcom on March 2, 2022
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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