Retail premises to let in High Street, Swansea SA1

Main Description

A modern, well-specified, fully fitted A3 premises with corner frontage, situated at the entrance to the award-winning Urban Village mixed-use development in Swansea.

The property offers significant scope for an occupier to adapt the existing fit-out to a new operation, with potential to benefit from access to external seating areas in the Courtyard Area and covered Arcade subject to the necessary consents.

Specification

The property benefits from the following features:

• ‘Industrial style’ fit out
• Part fitted kitchen with stainless steel equipment (to remain in Landlords ownership)
• 3 separate entrances to High St, Arcade & Courtyard Areas
• Extraction system
• Cellar & Store Area
• Mezzanine Floor
• Stage Area
• Disabled, Male & Female WC’s
• Intruder Alarm

The available accommodation has been measured on an NIA basis providing the following floor areas:

Sq ft sq m

Ground Floor 2,217 206

Mezzanine 108 10

Total 2,325 216

The property has a High Street frontage of 15.35m and a maximum depth of 18.35m.

Tenure

The accommodation is available by way of a new effective full repairing and insuring lease via a service charge.

Terms

Leasehold Quoting rent - £25,000 per annum

Service Charge / InsuranceThe Tenant will be responsible for a fair contribution to the annual service charge, currently running at £123.26 per annum ex VAT.

Building Insurance will be re-charged to the tenant, current payment is £614.86 ex VAT per annum, renewed every July.

Planning / LicenceThe unit currently benefits from A3 planning consent for Bar / Restaurant use, and was previously licenced to sell alcohol from 1200hrs to 0100hrs Monday to Sunday.

A copy of the existing premises licence can be made available to interested parties upon request.

We would encourage interested parties to make their own enquiries with the local planning authority in this regard.

Business Rates

The premises has a rateable value of £16,000 (24/25).

Business Rates payable: £8,992 pa

Link to the assessment is here.

Utilities

Utilities are separately metered and payable by the Tenant.

EPCThe property has been graded as 47 (B).

Link to the EPC is here.

VAT & Legal Costs

All prices, premiums and rents are quoted exclusive of VAT. Each party is responsible for their own legal costs incurred in any transaction.

Viewing & Further information

For further information, or if you would like to arrange a viewing, please contact us.