Retail - High Street to let

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 Theatre, Quadrant Retail Centre and Bus Station, Greggs, Peacocks, British Heart Foundation, Bet Fred, Bon Marche and 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 provides a high quality fit out with a main retail area on the ground floor with staff, office/storage area on the first floor.

ACCOMMODATION

RATEABLE VALUE

We have been informed via an online enquiry with the Valuation Office web site, that the property has a rateable value of £9,900

UBR for Wales 2024/25 is 56.2p in the £.

Interested parties are asked to verify this information, by making direct contact with the local rating authority.

LEASE TERMS

The property is available on new lease terms.

SERVICE CHARGE AND BUILDING INSURANCE PREMIUM

The tenant to contribute to the external part of the property maintenance via a service charge payment. The landlord to insure and the recover the proportional costs from the tenant.

RENT

Offers in the region of £15,200 pax.

SALE PRICE

Offers in the region of £150,000.

EPC

To be provided.

VAT

VAT is payable on all payments.

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).