Commercial property to let in The Kingsway, Swansea SA1

The subject premises comprises a large end terraced commercial unit, arranged over the first and second floors, which was previously occupied for use as a tattoo studio.

The main commercial accommodation is situated over the first floor, which benefits from an internal width of approximately 11.49m. The remaining accommodation, which is arranged over the second floor, comprises various consultation rooms, a large staff kitchen and separate w.c. Facilities.

The premises can be accessed independently via a standard ground floor entrance corridor, which provides access over the internal stairwell to each floor. The property also affords a prominent return frontage, along the corner of The Kingsway and Union Street.

Description

The subject premises comprises a large end terraced commercial unit, arranged over the first and second floors, which was previously occupied for use as a tattoo studio.

The main commercial accommodation is situated over the first floor, which benefits from an internal width of approximately 11.49m. The remaining accommodation, which is arranged over the second floor, comprises various consultation rooms, a large staff kitchen and separate w.c. Facilities.

The premises can be accessed independently via a standard ground floor entrance corridor, which provides access over the internal stairwell to each floor. The property also affords a prominent return frontage, along the corner of The Kingsway and Union Street.

Location

The property is situated within Swansea City Centre with the property having a frontage to The Kingsway and Union Street.

Swansea City Centre and furthermore the immediate vicinity is currently undergoing a programme of regeneration, with Swansea Council currently in the process of creating a new hi-tec office development in the former Oceania Nightclub site, along 71 & 72 The Kingsway. The scheme will feature flexible core working and office opportunities for innovative tech, digital and creative sector business. The former Barclays Bank premises at 69 & 70 The Kingsway will also be transformed into new style flexible works space.

The subject property is therefore considered to be ideally located for a range of alternative commercial uses, subject to the necessary statutory consents.

Accommodation

The subject premises affords the following approximate dimensions and areas:

Ground floor

Entrance Corridor
accessed directly off Union Street, with internal stairwell to

First floor

Net Internal Area: 71.66 sq.m (771.34 sq. Ft.)

Main Commercial Area: 11.49m x 6.17m

Store Room 1: 2.04m x 1.42m

Store Room 2: 2.03m x 0.86m

Second floor

Net Internal Area: 63.62 sq.m (684.80 sq. Ft.)

Consultation Room 1: 7.37m x 3.15m

Consultation Room 2: 3.32m x 2.75m

Preparation Area: 3.81m x 2.63m
with doors to.

W.C. Facilities

Staff Kitchen: 5.56m x 5.55m (max)

Rates

According to the Valuation Office Agency (voa) website, the Rateable Value for the subject premises is as follows.

Rateable Value (2023): £8,200

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2023-24 the multiplier will be 0.535.

Rates relief for small businesses in Wales will apply up to 31st March 2024. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Vat

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).

Terms & Tenure

Our client’s interest is available by the way of a new effective Full Repairing and Insuring Under-Lease (under terms to be negotiated)

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email: