Retail premises for sale

Location

The property is located in the heart of Swansea City Centre, fronting Plymouth Street, which links Lower Oxford Street to Nelson Street. Prominent buildings and occupiers in the immediate vicinity include The Grand Theater, Quadrant Retail Centre and Bus Station, Wilkinsons, Gregs, Peacocks, British Heart Foundation, Bet Fred, Bon Marche, Poundland.

The premises is also close to two new office developments being constructed in the city centre, which include the Digital Cluster on the Kingsway, providing cir 110,000 sq ft of office space aimed at the hi-tech / digital market and the Biophilic on the old Woolworths site, providing 20,000 sq ft of retail space and 22,000 sq ft of office accommodation.

Description

A terraced retail unit which is set on two storeys. The property has been refurbished internally and externally, to provide a high quality fit out, with first floor feature viewing gallery.

Retail area on the ground floor with staff, office and storage area on the first floor.

Accommodation

Ground Floor Retail 52.78 563
First Floor Office/Staff 31.27 337
Total NIA: 84.05 sq m 905 sq ft

Rateable value

We have been informed via an online enquiry with the Valuation Office, that the property has a Rateable Value of £20,250
ubr for Wales 2023/24 is 53.5p in the £

Tenure

We have been informed that the property is held Freehold.

Price

Offers in the region of £310,000.

Tenancy

The property is let to Tyler Jenkins Limited who have just signed a new 5 year lease, but have previously been trading from the property for 15 years. The lease ends on 9th May 2028 and the rent payable is £22,530 pax. Fri terms via service charge.

EPC

To be advised

VAT

All prices are quoted exclusive of vat. Our client reserves the right to charge vat on all payments. VAT election tbc