Substantial Building suitable for development (subject to consents)
Approximately 3,494.70 sq m (37,616 sq ft)
Site Area of approx. 0.25 Ha (0.62 Acres)
Immediate asset management opportunities
Prominent position on busy retailing thoroughfare
Rear loading and car park
Nearby occupiers include Iceland, Heron Foods, Savers, Domino's, Greggs and Subway
Lot 20
Auction 27th March 2025
Rent £243,799 per Annum Exclusive (1)
Status Available
Guide* Contact Us
Sector High Street Retail, Development
Auction Venue Live Streamed Auction
On Behalf of Receivers
Property Information
Location
Miles
3 miles north of Swansea City Centre, 46 miles north-west of Cardiff
Roads
A48, A4067, M4 (Junction 45)
Rail
Llansamlet, Swansea Train Station
Air
Cardiff International Airport
Situation
Morriston, is a popular suburb of Swansea, 3 miles north of the City Centre. The property is situated on the east side of Woodfield Street, the primary retailing thoroughfare in the area and close to Neath Road (A4067) and 1 mile south of J5 of the M4. Nearby occupiers include Iceland, Heron Foods, Savers, Domino's, Greggs and Subway.
Tenure
Freehold.
Location
Miles
3 miles north of Swansea City Centre, 46 miles north-west of Cardiff
Roads
A48, A4067, M4 (Junction 45)
Rail
Llansamlet, Swansea Train Station
Air
Cardiff International Airport
Situation
Morriston, is a popular suburb of Swansea, 3 miles north of the City Centre. The property is situated on the east side of Woodfield Street, the primary retailing thoroughfare in the area and close to Neath Road (A4067) and 1 mile south of J5 of the M4. Nearby occupiers include Iceland, Heron Foods, Savers, Domino's, Greggs and Subway.
Tenure
Freehold.
Description
The property comprises a substantial ground floor shop with ancillary accommodation to the lower ground and basement floors and benefitting from rear loading and parking spaces via Glantawe Street.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial ground floor shop with ancillary accommodation to the lower ground and basement floors and benefitting from rear loading and parking spaces via Glantawe Street.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground Lower Ground Basement
Retail Ancillary Ancillary
3,494.70
(37,616)
WL REALISATIOINS (2023) LIMITED in administration (1)
Approx. 20 years from 21/05/2007 until 17/05/2027
£243,799
Total
3,494.70
(37,616)
£243,799
(1) WL Realisations (2023) Limited is in Administration and the Administrators have not been paying the rent. (2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
