13, Portland Street, Swansea, Wales, SA1

LOCATION

The property occupies a prominent position within Swansea City Centre and is in close proximity to the main retail and leisure areas of the City. Swansea has benefited from significant investment in recent years including the completion of the new Swansea Arena, this investment is ongoing with numerous projects under way in the City Centre.


The property is well located within the City Centre to provide convenient commuting access with close proximity to bus and train stations as well as being situated 5 miles from Junction 42 of the M4.


DESCRIPTION


The property comprises a ground floor retail unit located in Swansea City Centre. The accommodation briefly comprises a retail area with counter area and meeting room. The rear of the unit is separated from the retail area by stud partitioning and is split into further meeting rooms with kitchen and WC facilities. The unit benefits from a glazed frontage measuring 6.91 meters.

TENURE

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

VAT

All figures are exclusive of VAT, where applicable.

ASKING RENT

We have been instructed to seek offers in the region of £18,000 Per Annum Exclusive

EPC

EPC available upon request.


BUSINESS RATES

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

Rateable Value: £20,250 (April 2023)
UBR for Wales 2024/25 56.2p in the £
Rates payable: £11,380

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

PLANNING

The property benefits from A2 use under The Town and Country Planning (Use Classes) Order 1987 (as amended). Other uses would be considered, subject to relevant planning consent.


CONTACT

For further information and to arrange a viewing please contact -

Glanmor Chartered Surveyors.