34 The Kingsway Swansea West Glamorgan SA1 5LG

  • 34 The Kingsway<br>Swansea<br>West Glamorgan<br>SA1 5LG

34 The Kingsway
Swansea
West Glamorgan
SA1 5LG

City Centre Bank Investment

  • Entirely let to Co-operative Bank plc
  • City centre location on busy road
  • Nearby occupiers include Cooperative Supermarket, TSB Bank, British Heart Foundation, Halifax and Subway
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    41
  • Auction
    9th July 2015
  • Rent
    £24,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £191,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA receivers JLL
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City Centre Bank Investment

  • Entirely let to Co-operative Bank plc
  • City centre location on busy road
  • Nearby occupiers include Cooperative Supermarket, TSB Bank, British Heart Foundation, Halifax and Subway
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 41
  • Auction 9th July 2015
  • Rent £24,000 per Annum Exclusive
  • Status Sold
  • Price £191,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA receivers JLL

Property Information

Location
Miles
12 miles east of Llanelli, 38 miles west of Cardiff
Roads
A4118, A4067, A483, M4 (Junction 47)
Rail
Swansea Rail Station
Air
Cardiff International Airport
Situation

The property is situated in the city centre on the northern side of the busy Kingsway, at its junction with Horton Street. The property is just north of Oxford Street, Swansea’s prime retailing thoroughfare and within a short walk of the Quadrant Shopping Centre. Other nearby occupiers include Cooperative Supermarket, TSB Bank, British Heart Foundation, Halifax and Subway.

Tenure

Long Leasehold. Held from the Council of the City and County of Swansea for a term of 125 years from 25th March 2003 until 24th March 2128 at a rent of £3,010 per annum reviewed five yearly to 10% of the yearly open market rent.

Location
Miles
12 miles east of Llanelli, 38 miles west of Cardiff
Roads
A4118, A4067, A483, M4 (Junction 47)
Rail
Swansea Rail Station
Air
Cardiff International Airport
Situation

The property is situated in the city centre on the northern side of the busy Kingsway, at its junction with Horton Street. The property is just north of Oxford Street, Swansea’s prime retailing thoroughfare and within a short walk of the Quadrant Shopping Centre. Other nearby occupiers include Cooperative Supermarket, TSB Bank, British Heart Foundation, Halifax and Subway.

Tenure

Long Leasehold. Held from the Council of the City and County of Swansea for a term of 125 years from 25th March 2003 until 24th March 2128 at a rent of £3,010 per annum reviewed five yearly to 10% of the yearly open market rent.

Description

The property comprises a ground floor banking hall with ancillary accommodation over the first and second floors.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor banking hall with ancillary accommodation over the first and second floors.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
First
Second 		Banking Hall/Ancillary
Ancillary
Ancillary
114.36 sq m
89.82 sq m
82.10 sq m
(1,231 sq ft)
(967 sq ft)
(884 sq ft)
 CO-OPERATIVE
BANK PLC (1)		 5 years from 12/08/2014 on a full repairing and insuring lease £24,000 11/08/2019
Totals  
286.28 sq m
(3,082 sq ft)
     £24,000

(1) The Co-operative Bank provides high street and internet banking, current accounts, mortgages, savings accounts, credit cards and loans. As at 31 December 2014, the Co-operative Bank had 4.4m customers and operated through a network of 222 branches, 17 business banking centres and three primary call centres, 1,911 ATMs, the internet and digital channels.
(Source: www.co-operativebank.co.uk 10/06/2015)

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
AMB Law 46 New Bond Street
London
EC2M 1JH
Sutha Mohanadas 0203 651 5646smohanadas@amblaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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