Commercial property for sale in Swansea, Wales

DescriptionThe garden centre has been in family ownership for many generations and has grown over time to one of the highest turnover sites in South Wales. The large site has considerable scope for further development which could include erecting new buildings on the northern part of the site, taking the landscaping concession back in house which could potentially significantly boost site turnover and profitability. One of the larger concession buildings is currently occupied by a family member who is running a small business from the unit, but this could be let on a new commercial lease to a wide range of potential tenants such as dog grooming, veterinary services, farm shop or other retail, it is anticipated that the potential rent for this unit could be in the region of £25,000 - £30,000. LocationPontardulais Garden Centre is located on the outskirts of the town of Pontardulais, but has a large catchment with people traveling from the large number of nearby towns and villages, as well as from the larger local centres of Swansea, Llanelli and Gorseinon. The site is also well placed to benefit from the large numbers of tourists that visit the nearby Gower Coast and Breacon National Park. According to the latest census data 485,546 people live within a 25km radius of the site with a higher than national average proportion of these (36%) being home owners without a mortgage and over 30% owning with a mortgage. ServicesThe site has the benefit of 3 phase electric supply, mains drainage and LPG Gas. Owner's AccommodationDetached Residential Property – Available by separate negotiation On the southern side of the site, to the left of the entrance, is Ger y Nant a detached 3 bedroom bungalow, offering 135sqm (1456sqft) of accommodation, which includes a large A large 19’ x 14’ 4 living room, kitchen, dining room and family bathroom as well as a large double garage. The house is currently let on an assured short hold tenancy agreement with an annual rental income of £11,280. The house has an energy performance rating E (52). The OpportunityThe site would make an excellent acquisition for any regional or national garden centre operator looking to acquire a high turnover garden centre, with limited local competition and considerable scope to further develop and increase turnover and concession income. StaffThe owner runs the garden centre with the assistance of 24 members of staff, which includes a management team. The ongoing annual staff bill is anticipated to be around £420,000. The staff will transfer with the business under TUPE rules. Business RatesThe present rateable value of the site is £62,000, the amount payable is currently £33,000. Energy Performance Certificates EPC 1

Commercial property for sale in Swansea, Wales

Commercial property for sale

Description

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