£300,000
(£61.39/sq. ft)
Office for sale47 The Kingsway, Swansea SA1
4,887 sq. ft
EPC Rating: B
Just added
Leasehold
About this property
High Yielding City Centre Investment
Future Redevelopment Potential
Tenant in occupation since 1996
Let to Swansea council at £30,000 per annum
Gross Initial Yield of 8.9%
Estimated Rates Payable: £10291
Description
47 The Kingsway is a well-positioned commercial property situated on one of Swansea city centre's principal thoroughfares, offered for sale by way of the long leasehold interest and benefiting from flexible planning consent for use within Classes A1 (Retail), A2 (Financial & Professional Services), A3 (Restaurants & Cafés), B1 (Business) and/or D1 (Non-residential Institutions), making it suitable for a wide range of occupiers.
The property further benefits from an established income stream via an existing underletting, offering a purchaser the opportunity to acquire a versatile, income-producing asset in a prominent and improving city centre location.
Location
The property occupies a prominent position on one of Swansea city centre's principal thoroughfares, close to the Quadrant, Swansea Arena, and benefits from the area's recent £12m public realm transformation, which has delivered pedestrian walkways, cycle routes and green landscaping along The Kingsway.
The location also sits within other inward investment, most notably the nearby 104,000 sq ft 71/72 The Kingsway office, retail and leisure scheme home to occupiers including tui, iwg and Futures First and the wider £1bn+ city centre regeneration programme covering Copr Bay, Wind Street and Castle Square, making it an increasingly sought-after commercial location.
Viewings
For further information, or if you would like to arrange a viewing, please contact us
Terms
Asking price of £300,000
a purchase at this level reflects a gia of 8.9%, assuming a net rent of £26,750.
Specifications
- Air Conditioning / Handling System
- Staff Kitchen
- Fire Alarm / Intruder Alarm
- Disabled / Male / Female W/Cs
- Grade II Listed Facade
- Passenger Lift
Tenure
The Long Leasehold in the property is available for sale, with a term expiring in March 2136 (c.110 years unexpired). The ground rent is based on 10% of the passing rent, and is reviewed on a 5 yearly basis, currently £3,250 per annum payable.
The Property is sub-let to Swansea Council for a term of 5 years from 29th September 2026 at a passing rent of £30,000 per annum. Annual Tenant only break clauses are contained within the lease.
47 The Kingsway is a well-positioned commercial property situated on one of Swansea city centre's principal thoroughfares, offered for sale by way of the long leasehold interest and benefiting from flexible planning consent for use within Classes A1 (Retail), A2 (Financial & Professional Services), A3 (Restaurants & Cafés), B1 (Business) and/or D1 (Non-residential Institutions), making it suitable for a wide range of occupiers.
The property further benefits from an established income stream via an existing underletting, offering a purchaser the opportunity to acquire a versatile, income-producing asset in a prominent and improving city centre location.
Location
The property occupies a prominent position on one of Swansea city centre's principal thoroughfares, close to the Quadrant, Swansea Arena, and benefits from the area's recent £12m public realm transformation, which has delivered pedestrian walkways, cycle routes and green landscaping along The Kingsway.
The location also sits within other inward investment, most notably the nearby 104,000 sq ft 71/72 The Kingsway office, retail and leisure scheme home to occupiers including tui, iwg and Futures First and the wider £1bn+ city centre regeneration programme covering Copr Bay, Wind Street and Castle Square, making it an increasingly sought-after commercial location.
Viewings
For further information, or if you would like to arrange a viewing, please contact us
Terms
Asking price of £300,000
a purchase at this level reflects a gia of 8.9%, assuming a net rent of £26,750.
Specifications
- Air Conditioning / Handling System
- Staff Kitchen
- Fire Alarm / Intruder Alarm
- Disabled / Male / Female W/Cs
- Grade II Listed Facade
- Passenger Lift
Tenure
The Long Leasehold in the property is available for sale, with a term expiring in March 2136 (c.110 years unexpired). The ground rent is based on 10% of the passing rent, and is reviewed on a 5 yearly basis, currently £3,250 per annum payable.
The Property is sub-let to Swansea Council for a term of 5 years from 29th September 2026 at a passing rent of £30,000 per annum. Annual Tenant only break clauses are contained within the lease.
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Monthly repayment
£1,500 per month
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