44-50 Woodfield Street Morriston Swansea SA6 8AG

44-50 Woodfield Street
Morriston
Swansea
SA6 8AG

Freehold Retail and Development Opportunity

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*
£625,000 - £650,000
Auction Venue
Live Streamed Auction
On Behalf of Receivers
Octopus Bridging Loan for Buyers
To be confirmed

Interested?

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Freehold Retail and Development Opportunity

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* £625,000 - £650,000
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

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

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.