Description
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- GROUND FLOOR STEEL FRAME UNIT
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- PRIME A3 PITCH ON KING’S ROAD, SOUTH QUAY
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- 139.35 SQ M (1500 SQ FT)
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- ASKING RENT £15,000 PAX
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LOCATION
The property is located within the South Quay development on King’s Road; a prestigious mixed-use project being undertaken by Quest Property Ltd. This development is included in the regeneration of the former Prince of Wales Dock.
Swansea Waterfront is continually growing commercial and residential area. The development includes many large residential complexes and student accommodation. The property has specifically been developed to compliment and service the residential unit within the development and other residential and business occupiers in this expanding development.
DESCRIPTION
The property compromises a ground floor steel frame unit, fronting onto the Prince of Wales Dock. A large glass front unit with aluminium frames. Open plan with shell finish for bathroom/kitchenette. The unit will be completed to a shell finish and not shops front to be added.
ACCOMMODATION
| Ground Floor: | 139.35 Sq m | 1,500 Sq ft |
| First Floor: | – | – |
| Total: | 139.35 Sq m | 1,500 Sq ft |
RATEABLE VALUE
We have been informed via an enquiry on Valuation Office website, that the rateable value is £ TBA .
UBR for Wales 2026/27 is 0.502p in the £.
Interested parties are advised to verify this information.
PLANNING
We have been advised the property has A3 use. We recommend any applicant makes enquiries with the local authority.
TENURE
We have been informed that the property is held long leasehold for a term of 125 Years on a peppercorn ground rent.
LEASE TERMS
The property is available on new lease terms.
ASKING RENT
£15,000.
SERVICE CHARGE
A service charge will be payable in relation to the joint shared maintenance of the external part of the building. The current service charge is £1,638 per quarter.
LEGAL COSTS
The purchaser will be responsible for the landlord’s reasonable legal and professional costs associated with the licence/consent to assign, estimated at approximately £6,000.
EPC
This property’s current energy rating is C.
6947-3357-5504-9280-7851
VAT
All prices are quoted exclusive of VAT. Our client reserves the right to charge VAT on all payments.
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).
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