Oxford Street, Swansea Retail property (high street) to rent - £2,396 pcm (£553 pw)

The subject property comprises a ground floor retail unit, which has been extended significantly to the rear to accommodate the main sales area, with a total depth of approximately 20.75m. The main sales area is also supported by ancillary accommodation to the rear, comprising a small staff kitchen/ office and customer w.c. facilities.

The property also benefits from ancillary accommodation arranged over the first floor, however, we have been advised that the internal stairwell, which was previously accessed directly off the main sales area has since been removed.

The premises was previously occupied for use as a bookmakers (A2 Use Class – Financial & Professional Services), which was previously occupied by Bed Fred and held on an occupational leasehold agreement which has since been determined. The property will therefore be offered for sale with vacant possession.

Description - The subject property comprises a ground floor retail unit, which has been extended significantly to the rear to accommodate the main sales area, with a total depth of approximately 20.75m. The main sales area is also supported by ancillary accommodation to the rear, comprising a small staff kitchen/ office and customer w.c. facilities.

The property also benefits from ancillary accommodation arranged over the first floor, however, we have been advised that the internal stairwell, which was previously accessed directly off the main sales area has since been removed.

The premises was previously occupied for use as a bookmakers (A2 Use Class – Financial & Professional Services), which was previously occupied by Bed Fred and held on an occupational leasehold agreement which has since been determined. The property will therefore be offered with vacant possession.

Location - The subject property is located along one of the prime retail areas within Swansea City Centre along Oxford Street.

Occupiers within close proximity to the subject premises include established operators such as Savers, British Red Cross and British Heart Foundation and Poundland.

The premises also benefits from good passing, given its proximity to Shoppers Walk and Picton Arcade as well the main pedestrianised area of Oxford Street. The subject premises is also within close proximity to the main proposed pedestrian route, which forms part of the ongoing Kingsway Infrastructure Project, linking The Kingsway with Oxford Street.

Accommodation - The subject premises affords the following approximate dimensions and areas:

GROUND FLOOR

Net Internal Area: 122.24 sq.m (1,315.79 sq. ft.)

Sales Area: 108.81 sq.m (1,171.23 sq. ft.)

Net Frontage: 5.34m (17’6”)

Ancillary:13.43 sq.m (144.56 sq. ft.)
Which briefly comprises the following.

Staff Kitchen/ Office: 4.12m x 3.26m

Customer/ Disabled W.C. Facilities

FIRST FLOOR

Ancillary Storage/ Office (Not Measured)

Estimated Gross Internal Area: 64.81 sq.m (697.71 sq. ft.)
not accessed

Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:

Rateable Value (2023): £23,000

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2025-26 the multiplier will be 0.568.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Vat - Please be advised that all figures quoted are exclusive of VAT. We have been informed that VAT will be applicable to this proposed transaction.

Terms And Tenure - Our clients interest is available by the way of a new effective full repairing and insuring occupational lease (under terms to be negotiated).

Alternatively, the Freehold interest is available for sale, to be sold with vacant possession.

Vieiwng - By appoin