Commercial Property for sale

A substantial mixed-use commercial investment situated on a prominent arterial route approximately 2.5 miles from Swansea city centre. The property extends to approximately 7,062 sq.ft. over three floors and has been redeveloped to provide five self-contained commercial units.
Fully let to a number of established local occupiers, the asset produces a current rent of £51,120 per annum, reflecting a strong income stream with potential for future rental growth.
The property also benefits from a large rear car park with circa 21 spaces, enhancing occupier appeal. Offered freehold, this represents an attractive, well-located investment opportunity in an established commercial and residential area.
Description - The subject premises comprises a substantial size mid terraced three-storey mixed use property, measuring approximately 656.07 sq.m (7,061.93 sq. ft.) in total, which is located along a prominent main road position along outskirts of Swansea city centre, within the suburb of Plasmarl.
We note that the premises was previously occupied for use as a spray shop and toy manufacturer, which has since been significantly altered and redeveloped in 2020 to comprise a total of five self-contained commercial units, producing a total rent passing of £51,120 per annum. Based on the overall rates (per sq. ft.), it would appear that the current investment asset has potential for future rental growth.
A total of four retail units are located over the majority of the ground floor (three of which benefit from a prominent position along the main highway to the front), with the remaining ground floor unit located to the rear of the site. The remaining commercial accommodation is arranged over of the entire first and second floors, which can be accessed independently to the rear via an external steel stairwell.
The subject premises appears to accommodate a good mixture of independent occupiers, which include a dance school, hair salon, beauty therapy studio and aesthetics clinic over the ground floor, while the upper floors is currently occupied in its entirety by a tattoo studio.
We also advise that the main building appears to be located within a relatively large site area, measuring approximately 0.262 acre (0.106 hectare), which also benefits from an enclosed courtyard to the rear, comprising a total of 21 no. parking spaces.
Location - The property forms part of a prominent mixed-use parade on Neath Road in the established Landore district of Swansea, approximately 2.5 miles north of the city centre. Neath Road is a busy arterial route providing direct access to Swansea city centre, Morriston and the M4 corridor, ensuring strong connectivity and consistent passing traffic.
The immediate area comprises a dense mix of residential housing, local retailers and commercial occupiers, supporting a sustainable trading environment and ongoing tenant demand. Nearby amenities include the Swansea.com Stadium, Morfa Retail Park and established transport links, enhancing the overall appeal of the location.
The surrounding catchment is predominantly residential, with a strong rental market underpinning demand for both commercial and residential accommodation. The property's position within this established mixed-use setting offers investors an opportunity to secure diversified income in a well-connected and proven Swansea location.
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
No. 1192 Neath Road: £8,400 (Rateable Value)
No. 1193 Neath Road: £6,200 (Rateable Value)
No. 1194 Neath Road: £9,300 (Rateable Value)
No. 1192-1193 Neath Road: £7,100 (Rateable Value)
From 1st April 2026, there are three multipliers which may apply to a property in Wales. The provisional multipliers announced for 2026-27 are as follows.
. A retail multiplier of 0.350, applicable to small to medium sized retail shops with a rateable value below £51,000.
. A standard multiplier of 0.502, applicable to most other properties.
. A higher multiplier of 0.515, applicable to properties with a rateable value above £100,000.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit www.voa.gov.uk.
Vat - All figures quoted are exclusive of VAT.
Terms & Tenure - The subject premises is available Freehold, which is subject to the following tenancies disclosed within the tenancy schedule below.
Tenancy Schedule - No. 1192 (Unit 1) - Hair Salon (Ground Floor). Let to 1192 Hair, producing a current rent passing of £9,960 pa.
No. 1193 (Unit 2) - Aesthetics Clinic (Ground Floor). Let to TBE Medical Aesthetics, producing a current rent passing of £10,440 pa.
No. 1194 (Unit 3) - Dance School (Ground, First and Second Floors). Let to Dani Dee Dance Studio, producing a current rent passing of £13,680 pa.
R/O No. 1192 (Unit 4) - Beauty Studio (Ground Floor). Let to Studio 7, producing a current rent passing of £6,480 pa.
No. 1192-1193 (Unit 5) - Tattoo Studio (First and Second Floors). Let to Williams & Jones Tattoo, producing a current rent passing of £5,280 pa.
Total Rent Passing = £51,120 pa
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850
Email: [email protected]