Beach Street, Swansea Retail property (high street) to rent - £496 pcm (£114 pw)

The subject premises comprises a self-contained ground floor retail unit, which forms part of a much larger mixed use two storey building, situated along a prominent corner position fronting Beach Street and Oxford Street along the edge of Swansea city centre.

We have been advised that the property to be sold comprises the Freehold interest, which is also subject to a Long Leasehold interest over the rear ground floor and remaining upper floor, held for a term of 500 years (466 years remaining) with a third party at a peppercorn ground rent with no periodic rent reviews.

The ground floor forming part of the Freehold interest which is not affected by this Lease can be accessed directly off the main pedestrian walkway to the front via a standard pedestrian doorway, which also benefits from a return frontage. The internal accommodation comprises a small self-contained retail unit with a shop depth of approximately 7.65m, which also benefits from a return frontage. The main sales area is also supported by ancillary accommodation, comprising a kitchenette area and w.c. facilities.

Description - The subject premises comprises a self-contained ground floor retail unit, which forms part of a much larger mixed use two storey building, situated along a prominent corner position fronting Beach Street and Oxford Street along the edge of Swansea city centre.

We have been advised that the property to be sold comprises the Freehold interest, which is also subject to a Long Leasehold interest over the rear ground floor and remaining upper floor, held for a term of 500 years (466 years remaining) with a third party at a peppercorn ground rent with no periodic rent reviews.

The ground floor forming part of the Freehold interest which is not affected by this Lease can be accessed directly off the main pedestrian walkway to the front via a standard pedestrian doorway, which also benefits from a return frontage. The internal accommodation comprises a small self-contained retail unit with a shop depth of approximately 7.65m, which also benefits from a return frontage. The main sales area is also supported by ancillary accommodation, comprising a kitchenette area and w.c. facilities.

Location - The subject premises is positioned along the corner of Beach Street and Oxford Street within Swansea city centre, along the edge of the main shopping district which is approximately 600 metres away in an easterly direction.

Beach Street is located within the Sandfields area of Swansea.

Sandfields is a district bounded by St. Helen's Road to the north, Dillwyn Street to the east and furthermore Oystermouth Road and Swansea Bay to the south. The area is adjacent to and immediately west of Swansea city centre with all necessary amenities within close proximity to the subject premises.

Accommodation - GROUND FLOOR

Net Internal Area: 36.18 sq.m (389.44 sq. ft.)

Sales Area: 33.80 sq.m (363.82 sq. ft.)

Shop Depth: 7.65m (25'1")

Return Frontage: 7.08m (22'3")

Ancillary: 2.38 sq.m (25.61 sq. ft.)
which briefly comprises the following.

Kitchenette: 1.52m x 1.57m
located to the rear of the main sales area, with sink unit, with door to.

W.C. Facilities

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

Rateable Value (2023): £3,900

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.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

The subject premises is therefore eligible for 100% small business rates relief s