Light industrial for sale in The Smelting Shed, Copper Quarter, Brunel Way, Swansea SA1

Location

The site extends to circa 0.6 acres, with a Grade II Listed building footprint of 600 sqm (6460 sqft) and consent for 22 car parking space, being situated within the heart of the Swansea Enterprise Park business district, within a short walk of the stadium, the 340,000 sqft Morfa Retail park and the new £15m Penderyn Distillery which has located within the other remaining historic Hafod/Morfa Copperworks buildings.

The Smelting Shed is one of the last remaining structures to survive that bygone age and represents a unique opportunity for a comprehensive redevelopment of the site to provide a high-quality commercial development with associated parking within what would be a truly iconic building.

Description

The property comprises a semi-derelict former industrial premises, the walls of which are Grade II Listed. Design proposals have been submitted and approved for the comprehensive reconstruction of the buildings incorporating the listed elements by using an internal steel portal frame with a standing seam insulated rood covering incorporating roof lights with new windows and doors throughout. The approved design makes provision to split the property into two separate units of circa 155 sqm (1670 sqft) and 430 sqm (4630 sqft) respectively, however a single unit of 600 sqm (6,460 sqf) would be an alternative. There is also opportunity to extend by way of a full first
floor mezzanine, subject to obtaining revised planning, however this has been approved on a previous application. Externally, the site is to be reconfigured to provide 22 car parking spaces with additional entrances.

Tenure

The property is available freehold with vacant possession at an asking price offers in excess of £360,000.

Planning

Detailed Planning consent was granted on 25th May 2022 for the conversion of the former Smelting Shed to B1 (Offices) with 22 car parking spaces by way of Planning Consent 2021/2028/ful. Listed Building consent was granted on the 28th June 2022 for the same development by way of Planning (Listed Building and Conservation Areas) Act 1990, application 2021/22029/lbc.

Residential planning

Detailed Planning consent was granted on 21st September 2018 for the conversion of the former Smelting Shed to 12 residential apartments including the insertion of a new first and part second floor with external alterations and car parking by way of original planning permission 2017/2646/ful. Listed Building consent was granted on the 21st September 2018 for the same development by way of Listed Building application 2017/2647/lbc.
The above consents were extended to run for a further period of 5 years from 3rd November 2023 (valid until 2028) by application 2023/1517/S73.

Buisness rates

The property has not yet been assessed for Business Rates. The property has a Grade II listing and is therefore exempt from empty Business Rates. Applicants to make their own enquiries to the District Valuation Office in respect of future Business Rates liabilities.

VAT

VAT is not applicable to the sale.

Legal costs

Each party to be responsible for their own legal costs incurred.