28-30 Dunns Lane
28-30 Dunns Lane, Mumbles, Swansea, SA3 4AABack to search results
The property comprises 2 commercial units with the benefit of vacant possession, offering scope for a variety of potential commercial uses. Alternatively, it would be suitable for residential conversion subject to the necessary consents being obtained.
A virtual tour of the premises is available in the Media tab or via the below link:
- Freehold premises with VP
- Residential Potential (STP)
- External Courtyard
- Affluent tourist village of Mumbles
- Prominent Corner Location.
- Well maintained throughout
|Property Type||Retail & Leisure|
|Price||Offers in the region of £250,000|
|Size||1,111 sq ft (103 sq m)|
The property is situated on a corner location in the heart of the bustling seaside village of Mumbles. The surrounding properties are predominantly residential whilst the main commercial core is within a short walking distance.
The property is in close proximity to the recently developed M&S Foodstore, as well as Oyster Wharf which houses a number of well-known restaurant occupiers including Bistrot Pierre, Prezzo and Croeso Lounge. Mumbles is also home to a number of independent retailers, bars and restaurants located from the top of Newton Road and along the seafront to the landmark Mumbles Pier.
The area has witnessed strong capital value growth in the residential market over recent years, with Mumbles being named a ‘property hotpost’ in a number of recent reports.
The village of Mumbles is known as the gateway to the Gower Peninsula, which is the UK’s first Area of Outstanding Natural Beauty. The City of Swansea is situated c.5 miles to the North.
28-30 Dunns Lane, Mumbles, Swansea, SA3 4AA
The property is arranged over 2 floors and is well maintained throughout, benefitting from the following specification / features:
- Timber retail shopfronts
- 2 no. offices, 3no. surgeries, Kitchen & WC
- Vaulted ceiling to first floor
- Separately accessed retail premises (no.28)
- External Courtyard
- Laminate flooring
- Plastered and painted walls
- Gas central heating (not tested)
The property is arranged as 2 individual premises, each with self-contained access from Dunns Lane. The accommodation has been measured on a GIA area basis to provide the following areas:
|28 Dunns Lane||sq ft||sq m|
|29-30 Dunns Lane||sq ft||sq m|
Externally, there is an enclosed yard which is accessed directly from Dunns Lane, and currently houses a storage shed.
The freehold interest in the property is available for sale, with the benefit of vacant possession.
Freehold quoting price - £250,000 excl.
We understand that the property currently benefits from A1 & D1 planning consent for the existing uses. We would encourage interested parties to make their own enquiries with the local planning authority in this regard, and to explore any potential change of use, if required.
The Rateable Values for each property are outlined below:
28 Dunns Lane – £1,900 (Payable 2020/21 - £1,016.50)
29-30 Dunns Lane - £7,500 (Payable 2020/21 - £4,012.50)
The property is currently subject to small business rates relief – 100% exemption on no.28 and 66.6% relief on nos.29-30.)
The valuation Office assessments are available as a download via the BP2 Website.
The property has been assessed as 64-C. Further information regarding the assessment is available via the link below:
VAT & Legal Costs
All prices, premiums and rents are quoted exclusive of VAT. Each party is responsible for their own legal costs incurred in any transaction.
Viewing & Further information
For further information, or if you would like to arrange a viewing, please contact us.