LOCATION

Singleton Street is predominantly a commercial area within the City Centre offering a mix of national and independent retailers, the property is close to Swansea Bus Station and the Grand Theatre with a public carpark to the west. Singleton Street is also a short distance from the residential estate of Sandfields which is located to the west of the City Centre. The property adjoins Shoppers Walk, a retail arcade home to a mix of independent retail occupiers.

Swansea is the second largest city in Wales with approximately 246,000 residents. Swansea is located approximately 45 miles to the west of Wales Capital City of Cardiff.

DESCRIPTION

The subject property is an end of terrace retail unit offering accommodation over three floors. Most recently, the building has been utilised to offer retail to the ground floor and ancillary accommodation on the first and second floor.

Each floor is mainly open plan with kitchen and WC facilities to the rear of the ground floor. The first floor offers additional rear WC facilities and a small office to the front, and the second floor is open plan.

The property benefits from a recently replaced flat roof and has been externally clad to the rear and side elevations, internal updating will likely be required.

TENURE​

The property is available on a new lease, terms subject to negotiation.​

VAT​

All figures are exclusive of VAT, where applicable.​

ASKING PRICE

We have been instructed to seek offers in the region of £19,500 Per Annum Exclusive

ACCOMMODATION

PLANNING

We understand that the property benefits from A1 use under The Town and Country Planning (Use Classes) Order 1987 (as amended). Other uses would be considered, subject to relevant planning consent.

BUSINESS RATES​

Our inspection of the rating list shows the following assessment for the subject premises.

Ground Floor Rateable Value: £7,800 (April 2023)

UBR for Wales 2024/25 56.2p in the £

Eligible ratepayers will receive 40% non-domestic rates relief for 2024-25. Further information available at businesswales.gov.

CONTACT

For further information and to arrange a viewing please contact –

Glanmor Chartered Surveyors.

Tel: 01792 439105 Email: info@glanmorproperty.co.uk