This three-storey mixed-use property offers a unique opportunity for renovation and investment in the heart of Pontardawe town center's primary retail area. Its prime location along Herbert Street ensures visibility and foot traffic, making it an attractive option for a variety of business ventures.
The ground floor features a retail unit with direct access from the pedestrian walkway. The space includes a main sales area with a depth of 13.98 meters, complemented by ancillary facilities such as a consultation room, staff kitchen, storage area, and staff restroom. Currently tenanted by Phil Thomas Opticians, this unit is leased for a term that runs until October 2026, generating an annual income of £9,000, with ongoing negotiations to extend the lease at a proposed increased rental rate of £10,500 per annum.
Accessed independently via an external steel stairwell at the rear, the second component of this property is a self-contained two-storey apartment that is currently vacant. This residential space presents significant refurbishment potential; it comprises one bedroom and two reception rooms on the first floor along with kitchen and bathroom facilities, while the second floor houses three additional bedrooms. With the right updates and enhancements, there is potential to convert this into either a spacious four-bedroom apartment or two separate self-contained units (subject to necessary planning permissions).
Further investment appeal is highlighted by the small hardstanding area at the rear, providing parking space for one to two vehicles accessible from an unmade lane. Future owners will want to confirm that this access meets their requirements.
The property enjoys excellent connectivity to major roads like the A474 and A4067, linking Pontardawe to both Swansea city center and Junction 45 of the M4 motorway. This strategic location supports local commerce with established businesses nearby including Greggs and Lloyds Bank.
In summary, this property not only provides immediate rental income through its commercial lease but also allows for creative residential development opportunities that could enhance its value over time.
