Prominent Retail Investment
Prominent Retail Investment
The property is situated in a prominent corner position within Swansea City Centre on the northern side of Oxford Street, Swansea’s prime retailing thoroughfare. The property is located opposite an entrance to Swansea indoor market and close to the Quadrant Shopping Centre which adjoins Swansea Bus Station and houses occupiers such as Debenhams, Boots, Body Shop and Schuh. Other nearby occupiers include Marks & Spencer, Lloyds Bank, Starbucks, Next and Topman.
Virtual Freehold. Held from Swansea City Council for a term of 125 years from 29th September 1996 at rent equivalent to 10% of rents received, reviewed in line with the occupational lease. The current ground rent is therefore £17,500 p.a.
The property is situated in a prominent corner position within Swansea City Centre on the northern side of Oxford Street, Swansea’s prime retailing thoroughfare. The property is located opposite an entrance to Swansea indoor market and close to the Quadrant Shopping Centre which adjoins Swansea Bus Station and houses occupiers such as Debenhams, Boots, Body Shop and Schuh. Other nearby occupiers include Marks & Spencer, Lloyds Bank, Starbucks, Next and Topman.
Virtual Freehold. Held from Swansea City Council for a term of 125 years from 29th September 1996 at rent equivalent to 10% of rents received, reviewed in line with the occupational lease. The current ground rent is therefore £17,500 p.a.
The property comprises a corner unit providing banking hall and ancillary accommodation on the ground floor with ancillary accommodation on first and second floors.
Six Week Completion
VAT is applicable to this lot.
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20
7034 4857.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a corner unit providing banking hall and ancillary accommodation on the ground floor with ancillary accommodation on first and second floors.
Six Week Completion
VAT is applicable to this lot.
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20
7034 4857.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Banking Hall/Ancillary Ancillary |
200.20 sq m 188.50 sq m 196.49 sq m |
(2,155 sq ft) (2,029 sq ft) (2,115 sq ft) |
BARCLAYS BANK PLC (1) | 10 years from 23/05/2013 until 22/05/2023 on a full repairing and insuring lease | £175,000 | 23/05/2018 |
| Totals | 585.19 sq m |
(6,299 sq ft) |
£175,000 | ||||
(1) For the year ending 31st December 2013, Barclays Bank plc reported pre-tax profits of £2,885,000,000 and a total net worth of £53,264,000,000. (Source:
www.riskdisk.com 14/11/2014)
(2)The tenant is currently fitting out the unit and intends to occupy by December 2014.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
