Description
The property comprises a self-contained ground floor retail unit, which can be accessed directly off the front elevation, facing Kingsway within Swansea City Centre.
The subject premises forms part of the recently developed high rise student housing block, which accommodates approximately 307 no. student units and also benefits from either Retail (Class A1) and/or Restaurant (Class A3) uses (Planning Reference: 2016/3704/FUL). The commercial unit equates to approximately 1,357 sq. ft. in total, which also benefits from a return frontage of approximately 24 metres.
The subject premises is currently presented in a shell condition, but we advise that adequate services will be provided prior to occupation, including the installation of suitable w.c. facilities or alternatively a suitable rent discount or rent free period may be proposed (subject to contract), on the condition that the prospective Tenant is expected to undertake these works.Location
The property is situated fronting The Kingsway within an established secondary retail location, forming part of the established student housing block, Mezzino Student Hub at Coppergate, which accommodates a total of 307 student units.
The subject property is well placed within the City Centre, close to the prime area and benefits from a good level of passing trade.
Swansea has a population of some 240,000 and has a popular, expanding University. There is also a mainline railway station close by. Swansea City Centre has seen a large amount of redevelopment in recent years to provide additional student accommodation, which in turn has increased activity within the City Centre.
In addition we advise that the redevelopment of The Kingsway is already underway. The Kingsway Infrastructure Project, which is situated within the immediate proximity of the subject premises, is aimed at kick-starting the development of a new digital district.Accommodation Comprises
The subject premises affords the following approximate dimensions and areas:
GROUND FLOOR
Gross Internal Area: 126.14 sq.m (1,357.80 sq. ft.)
Sales Area: 116.15 sq.m (1,250.23 sq. ft.)
after making an allowance for proposed w.c. facilities
Shop Depth (from Kingsway): 6.35m (20’10”)
Internal Width (max): 20.26m (66’6”)Rates
The Rateable Value for the subject premises has yet to be determined.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit www.voa.gov.uk.VAT
Please be advised that all figures quoted are exclusive of VAT (where applicable).
Terms & Tenure
The premises is available on a new effective full repairing and insuring lease (under terms to be negotiated).
Viewing
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850
Email: commercial@astleys.net
The Kingsway, Swansea
Per Annum £18,750
Size available
Property size 1,357 sqft
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Property Description
The property comprises a self-contained ground floor retail unit, which can be accessed directly off the front elevation, facing Kingsway within Swansea City Centre.
The subject premises forms part of the recently developed high rise prime student housing block, which accommodates approximately 307 student units and also benefits from either Retail (Class A1) and/or Restaurant (Class A3) uses (Planning Reference: 2016/3704/FUL).
The commercial unit equates to approximately 1,357 sq. ft. in total, which also benefits from a return frontage of approximately 24 metres.