Office for sale

LOCATION
The property is located on New Mill Court, a modern office development off Phoenix Way, which is one of the main roads, circulating the central lake, within the heart of the Swansea Enterprise Park. The property is within 2 miles of J44 and 45 of the M4 motorway, located to the north. Swansea city centre is located 4 miles to the south.

Prominent occupiers in the immediate vicinity include Lakeside Veterinary Surgery, Europcar, Home Bargains, Greggs, Screwfix, Perthyn, Johnson Controls and GE Vernova.

DESCRIPTION
A detached single storey office building, with self-contained forecourt car parking, providing approximately 18 car parking spaces. The building has brick elevations, beneath a concrete tiled roof, with a feature aluminium double door entrance.

The premises provides an impressive entrance lobby, reception and 8 offices, with staff accommodation and store. The premises has currently been adapted by the present occupier using two additional offices as kitchens.

ACCOMMODATION
TOTAL:               243.69 sq m             (2,623 sq ft)

RATEABLE VALUE
We have been informed via an enquiry on the Valuation Office web site that the rateable value of the property from 1st April 2026 is £23,000.
UBR for Wales 2026/27 is 0.502p in the £.

TENURE
The property is held Long Leasehold for an original term of 125 years ( less 3 days ) from 25th December 1988. This is on a peppercorn ground rent.

TERMS
The property is available to purchase, offers in the region of £295,000
Alternatively, the property could be available on a lease, terms of which are open to negotiation, at a rent of £28,150 pax. A refurbishment program could be undertaken at the property, if taken on a lease basis.

SERVICE CHARGE AND BUILDING INSURANCE PREMIUM
A service charge is payable in relation to the upkeep of the New Mill Court access road. If the property is leased, the landlord will continue to insure and recover the premium cost from the tenant.

EPC
Band – C
CRN – 8714-8296-4438-5070-2247

VAT
All prices are quoted exclusive of VAT. Our client reserves the right to charge VAT on all payments. We have been informed that the property is not currently elected for VAT.

LEGAL COSTS
Each party to pay their own legal costs on this transaction.

ANTI MONEY LAUNDERING REGULATIONS
Regulations require checks on all prospective tenants/purchasers. Photo ID plus proof of address is required before a transaction can proceed. AML searches are outsourced to our partner Credas (Certified Digital Identity Verification Service).