£575,000 | 4,979 sq ft
Added > 14 days
Office for sale
St. Helens Road, Swansea
01792 738364
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Office
0 bed
bath
4,979 sq ft / 463 sq m
Property description & features
- A LARGE FOUR STOREY GRADE II LISTED MULTI-LET OFFICE BLOCK
- NET INTERNAL AREA - 462.57 SQ.M (4,979.10 SQ. FT.)
- OCCUPIED AND LET IN PART (53%), PRODUCING A GROSS RENTAL INCOME OF £87,600 PA
- DESIGNATED PARKING TO FRONT AND REAR FOR APPROXIMATELY 18-20 VEHICLES IN TOTAL
The subject premises comprises a substantial size four storey mid terraced, Grade II Listed, multi-let office block of approximately 462.57 sq.m (4,979.10 sq. ft.), situated within Swansea city centre.
The premises accommodates a total of 27 no. cellular offices suites ranging from 7.05 sq.m - 27.49 sq.m (75.88 sq. ft. - 295.50 sq. ft.), which are interlinked over each floor and supported by a variety of communal facilities including an entrance reception with ladies, gents and disabled w.c. facilities, a staff kitchen and meeting room.
The office block also benefits from on-site security with 24 hour access, additional shower facilities (within the ground floor toilet block), bike storage facilities to the rear and various photovoltaic panels over the main roof.
We advise that the premises is currently occupied and let in part by a number of individual tenants (approximately 53% occupied), held on minimum 6 month occupational contracts on an all-inclusive basis, at a current rent passing of £7,300 per calendar month (£87,600 per annum), with a potential rental growth of in excess of £100,000 per annum (inclusive) based on 80% occupancy.
Externally, the subject premises benefits from an open car parking area to the front, providing designated parking for approximately 6-8 vehicles. Designated parking facilities are also available to the rear, within an enclosed gated compound, providing additional car parking for a further 12-13 vehicles.
Description - The subject premises comprises a substantial size four storey mid terraced, Grade II Listed, multi-let office block of approximately 462.57 sq.m (4,979.10 sq. ft.), situated within Swansea city centre.
The premises accommodates a total of 27 no. cellular offices suites ranging from 7.05 sq.m - 27.49 sq.m (75.88 sq. ft. - 295.50 sq. ft.), which are interlinked over each floor and supported by a variety of communal facilities including an entrance reception with ladies, gents and disabled w.c. facilities, a staff kitchen and meeting room.
The office block also benefits from on-site security with 24 hour access, additional shower facilities (within the ground floor toilet block), bike storage facilities to the rear and various photovoltaic panels over the main roof.
We advise that the premises is currently occupied and let in part by a number of individual tenants (approximately 53% occupied), held on minimum 6 month occupational contracts on an all-inclusive basis, at a current rent passing of £7,300 per calendar month (£87,600 per annum), with a potential rental growth of in excess of £100,000 per annum (inclusive) based on 80% occupancy.
Externally, the subject premises benefits from an open car parking area to the front, providing designated parking for approximately 6-8 vehicles. Designated parking facilities are also available to the rear, within an enclosed gated compound, providing additional car parking for a further 12-13 vehicles.
Location - The property is situated fronting St. Helen's Road which is a short distance away from the main shopping streets of Swansea City Centre.
Whilst St. Helen's Road is a secondary trading location, St. Helen's Road is popular with restaurants, hot food take-aways, offices and assortment of small shops including barbers, convenience stores, etc.
The subject property is well placed within the City Centre, close to the prime area and benefits from a good level of passing trade.
Swansea has a population of some 240,000 and has a popular, expanding University. There is also a mainline railway station close by. Swansea City Centre has seen a large amount of redevelopment in recent years to provide additional student accommodation, which in turn has increased activity within the City Centre.
In addition we advise that the redevelopment of the Kingsway Infrastructure Project, located less than half a mile away in a north-easterly direction, is currently underway which is aimed at kick-starting the development of a new digital district.
Accommodation - The subject premises affords the following approximate dimensions and areas:
GROUND FLOOR
Net Internal Area/ IPMS 3 (Office): 145.48 sq.m (1,566.04 sq. ft.)
Entrance Foyer/ Reception: 4.01m x 8.44m
with doors to.
Gents and Disabled W.C. Facilities
comprising 3 no. toilet cubicles, shower enclosure and separate disabled w.c. facilities
Communal Corridors
with 2 no. internal stairwells to upper floors and doors to.
Storage Facilities
comprising 2 no. storage cupboards
Ladies W.C. Facilities
comprising 3 no. toilet cubicles and additional shower facilities.
Office 1: 3.06m x 3.68m
Office 2: 3.04m x 3.61m
Office 3 4.65m x 2.25m
Office 4: 4.20m x 4.24m
with bay window to front.
Office 5: 5.28m x 3.73m
with bay window to rear.
Office 6: 1.45m x 4.19m
Office 7: 5.42m x 3.95m
Office 8: 3.33m x 4.56m
FIRST FLOOR
Net Internal Area/ IPMS 3 (Office): 185.26 sq.m (1,994.13 sq. ft.)
Landing Areas
with 2 no. internal stairwells to each floor, doors to.
Meeting Room: 3.91m x 3.47m
Office 9: 3.76m x 4.25m
with bay window to front.
Office 10: 3.69m x 3.26m
Office 10a: 2.02m x 4.24m
W.C. Facilities
with w.c. and wash hand basin
Staff Kitchen: 3.30m x 3.15m
Office 11: 3.95m x 3.28m
Office 12: 3.95m x 2.35m
Office 13: 2.23m x 3.97m
with bay window to rear.
Office 14: 2.56m x 3.30m
Office 15: 3.64m x 3.35m
Office 16: 3.35m x 3.82m
Office 17: 4.51m x 3.66m
Office 19: 5.42m x 3.95m
Office 20: 3.33m x 4.56m
SECOND FLOOR
Net Internal Area/ IPMS 3 (Office): 76.85 sq.m (827.21 sq. ft.)
Landing Areas
with 2 no. internal stairwells to each floor, doors to.
Office 21: 5.42m x 3.95m
Office 22: 3.33m x 4.56m
Office 23: 3.75m x 4.73m (L-Shaped)
Office 24: 3.58m x 4.22m
Office 25: 2.07m x 4.23m
THIRD FLOOR
Net Internal Area/ IPMS 3 (Office): 54.98 sq.m (591.80 sq. ft.)
Landing Areas
with 2 no. internal stairwells to each floor, doors to.
Office 26: 5.95m x 4.76m
with bay windows to front and rear.
Office 27: 5.95m x 4.76m
with bay windows to front and rear.
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
Office 1 (Ground) - £1,900
Office 2 (Ground) - £2,100
Office 3 (Ground) - £1,550
Office 4 (Ground) - £1,100
Office 5 (Ground) - £1,175
Office 6 (Ground) - £1,200
Office 7 (First) - £2,900
Office 8 (First) - £1,375
Office 9 (First) - £2,025
Office 10 (First) - £1,250
Office 11 (First) - £1,625
Office 12 (First) - £1,150
Office 13 (First) - £1,325
Office 14 (First) - £1,100
Office 15 (First) - £1,275
Office 16 (First) - £1,300
Office 17 (First) - £1,550
Office 18 (Second) - £2,300
Office 19 (Second) - £1,600
Office 20 (Second) - £1,025
Office 21 (Third) - £1,650
Office 22 (Third) - £1,650
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 - Please be advised that all figures quoted are exclusive of VAT (if applicable).
Terms And Tenure - The subject premises is available Freehold subject to the following tenancies:
Room 1 - Let to Moghul Materials at an initial term of 6 months from September 2017 at a current rent passing of £350 pcm (inclusive).
Room 4 - Let to a private individual (trading as an independent solicitor practice) at an initial term of 6 months from September 2017 at a current rent passing of £600 pcm (inclusive).
Room 5 - Let to Apex Hearing at an initial term of 6 months from October 2021 at a current rent passing of £450 pcm (inclusive).
Room 7 - Let to Assurance Accountancy at an initial term of 6 months from June 2013 at a current rent passing of £600 pcm (inclusive).
Room 8 - Let to Accomplish at an initial term of 6 months from January 2023 at a current rent passing of £500 pcm (inclusive).
Room 9 - Let to Christian Radio at an initial term of 6 months with effect from 14th January 2023 at an agreed rent passing of £400 pcm (inclusive).
Room 10 - Let to Lettings Stars at an initial term of 6 months from January 2021 at a current rent passing of £400 pcm (inclusive).
Room 13 - Let to a private individual (trading as an independent counsellor) at an initial term of 6 months from November 2021 at a current rent passing of £350 pcm (inclusive).
Room 17 - Let to Allied Solutions at an initial term of 6 months from August 2007 at a current rent passing of £350 pcm (inclusive).
Room 19 - Let to Alert Health at an initial term of 6 months from February 2023 at a current rent passing of £500 pcm (inclusive).
Room 20 - Let to private individual at an initial term of 6 months from January 2023 at a current rent passing of £800 pcm (inclusive).
Rooms 21-25 - Let to Bridger & Co. at an initial term of 6 months from April 2023 at a current rent passing of £2,000 pcm (inclusive).
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
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The premises accommodates a total of 27 no. cellular offices suites ranging from 7.05 sq.m - 27.49 sq.m (75.88 sq. ft. - 295.50 sq. ft.), which are interlinked over each floor and supported by a variety of communal facilities including an entrance reception with ladies, gents and disabled w.c. facilities, a staff kitchen and meeting room.
The office block also benefits from on-site security with 24 hour access, additional shower facilities (within the ground floor toilet block), bike storage facilities to the rear and various photovoltaic panels over the main roof.
We advise that the premises is currently occupied and let in part by a number of individual tenants (approximately 53% occupied), held on minimum 6 month occupational contracts on an all-inclusive basis, at a current rent passing of £7,300 per calendar month (£87,600 per annum), with a potential rental growth of in excess of £100,000 per annum (inclusive) based on 80% occupancy.
Externally, the subject premises benefits from an open car parking area to the front, providing designated parking for approximately 6-8 vehicles. Designated parking facilities are also available to the rear, within an enclosed gated compound, providing additional car parking for a further 12-13 vehicles.
Description - The subject premises comprises a substantial size four storey mid terraced, Grade II Listed, multi-let office block of approximately 462.57 sq.m (4,979.10 sq. ft.), situated within Swansea city centre.
The premises accommodates a total of 27 no. cellular offices suites ranging from 7.05 sq.m - 27.49 sq.m (75.88 sq. ft. - 295.50 sq. ft.), which are interlinked over each floor and supported by a variety of communal facilities including an entrance reception with ladies, gents and disabled w.c. facilities, a staff kitchen and meeting room.
The office block also benefits from on-site security with 24 hour access, additional shower facilities (within the ground floor toilet block), bike storage facilities to the rear and various photovoltaic panels over the main roof.
We advise that the premises is currently occupied and let in part by a number of individual tenants (approximately 53% occupied), held on minimum 6 month occupational contracts on an all-inclusive basis, at a current rent passing of £7,300 per calendar month (£87,600 per annum), with a potential rental growth of in excess of £100,000 per annum (inclusive) based on 80% occupancy.
Externally, the subject premises benefits from an open car parking area to the front, providing designated parking for approximately 6-8 vehicles. Designated parking facilities are also available to the rear, within an enclosed gated compound, providing additional car parking for a further 12-13 vehicles.
Location - The property is situated fronting St. Helen's Road which is a short distance away from the main shopping streets of Swansea City Centre.
Whilst St. Helen's Road is a secondary trading location, St. Helen's Road is popular with restaurants, hot food take-aways, offices and assortment of small shops including barbers, convenience stores, etc.
The subject property is well placed within the City Centre, close to the prime area and benefits from a good level of passing trade.
Swansea has a population of some 240,000 and has a popular, expanding University. There is also a mainline railway station close by. Swansea City Centre has seen a large amount of redevelopment in recent years to provide additional student accommodation, which in turn has increased activity within the City Centre.
In addition we advise that the redevelopment of the Kingsway Infrastructure Project, located less than half a mile away in a north-easterly direction, is currently underway which is aimed at kick-starting the development of a new digital district.
Accommodation - The subject premises affords the following approximate dimensions and areas:
GROUND FLOOR
Net Internal Area/ IPMS 3 (Office): 145.48 sq.m (1,566.04 sq. ft.)
Entrance Foyer/ Reception: 4.01m x 8.44m
with doors to.
Gents and Disabled W.C. Facilities
comprising 3 no. toilet cubicles, shower enclosure and separate disabled w.c. facilities
Communal Corridors
with 2 no. internal stairwells to upper floors and doors to.
Storage Facilities
comprising 2 no. storage cupboards
Ladies W.C. Facilities
comprising 3 no. toilet cubicles and additional shower facilities.
Office 1: 3.06m x 3.68m
Office 2: 3.04m x 3.61m
Office 3 4.65m x 2.25m
Office 4: 4.20m x 4.24m
with bay window to front.
Office 5: 5.28m x 3.73m
with bay window to rear.
Office 6: 1.45m x 4.19m
Office 7: 5.42m x 3.95m
Office 8: 3.33m x 4.56m
FIRST FLOOR
Net Internal Area/ IPMS 3 (Office): 185.26 sq.m (1,994.13 sq. ft.)
Landing Areas
with 2 no. internal stairwells to each floor, doors to.
Meeting Room: 3.91m x 3.47m
Office 9: 3.76m x 4.25m
with bay window to front.
Office 10: 3.69m x 3.26m
Office 10a: 2.02m x 4.24m
W.C. Facilities
with w.c. and wash hand basin
Staff Kitchen: 3.30m x 3.15m
Office 11: 3.95m x 3.28m
Office 12: 3.95m x 2.35m
Office 13: 2.23m x 3.97m
with bay window to rear.
Office 14: 2.56m x 3.30m
Office 15: 3.64m x 3.35m
Office 16: 3.35m x 3.82m
Office 17: 4.51m x 3.66m
Office 19: 5.42m x 3.95m
Office 20: 3.33m x 4.56m
SECOND FLOOR
Net Internal Area/ IPMS 3 (Office): 76.85 sq.m (827.21 sq. ft.)
Landing Areas
with 2 no. internal stairwells to each floor, doors to.
Office 21: 5.42m x 3.95m
Office 22: 3.33m x 4.56m
Office 23: 3.75m x 4.73m (L-Shaped)
Office 24: 3.58m x 4.22m
Office 25: 2.07m x 4.23m
THIRD FLOOR
Net Internal Area/ IPMS 3 (Office): 54.98 sq.m (591.80 sq. ft.)
Landing Areas
with 2 no. internal stairwells to each floor, doors to.
Office 26: 5.95m x 4.76m
with bay windows to front and rear.
Office 27: 5.95m x 4.76m
with bay windows to front and rear.
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
Office 1 (Ground) - £1,900
Office 2 (Ground) - £2,100
Office 3 (Ground) - £1,550
Office 4 (Ground) - £1,100
Office 5 (Ground) - £1,175
Office 6 (Ground) - £1,200
Office 7 (First) - £2,900
Office 8 (First) - £1,375
Office 9 (First) - £2,025
Office 10 (First) - £1,250
Office 11 (First) - £1,625
Office 12 (First) - £1,150
Office 13 (First) - £1,325
Office 14 (First) - £1,100
Office 15 (First) - £1,275
Office 16 (First) - £1,300
Office 17 (First) - £1,550
Office 18 (Second) - £2,300
Office 19 (Second) - £1,600
Office 20 (Second) - £1,025
Office 21 (Third) - £1,650
Office 22 (Third) - £1,650
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 - Please be advised that all figures quoted are exclusive of VAT (if applicable).
Terms And Tenure - The subject premises is available Freehold subject to the following tenancies:
Room 1 - Let to Moghul Materials at an initial term of 6 months from September 2017 at a current rent passing of £350 pcm (inclusive).
Room 4 - Let to a private individual (trading as an independent solicitor practice) at an initial term of 6 months from September 2017 at a current rent passing of £600 pcm (inclusive).
Room 5 - Let to Apex Hearing at an initial term of 6 months from October 2021 at a current rent passing of £450 pcm (inclusive).
Room 7 - Let to Assurance Accountancy at an initial term of 6 months from June 2013 at a current rent passing of £600 pcm (inclusive).
Room 8 - Let to Accomplish at an initial term of 6 months from January 2023 at a current rent passing of £500 pcm (inclusive).
Room 9 - Let to Christian Radio at an initial term of 6 months with effect from 14th January 2023 at an agreed rent passing of £400 pcm (inclusive).
Room 10 - Let to Lettings Stars at an initial term of 6 months from January 2021 at a current rent passing of £400 pcm (inclusive).
Room 13 - Let to a private individual (trading as an independent counsellor) at an initial term of 6 months from November 2021 at a current rent passing of £350 pcm (inclusive).
Room 17 - Let to Allied Solutions at an initial term of 6 months from August 2007 at a current rent passing of £350 pcm (inclusive).
Room 19 - Let to Alert Health at an initial term of 6 months from February 2023 at a current rent passing of £500 pcm (inclusive).
Room 20 - Let to private individual at an initial term of 6 months from January 2023 at a current rent passing of £800 pcm (inclusive).
Rooms 21-25 - Let to Bridger & Co. at an initial term of 6 months from April 2023 at a current rent passing of £2,000 pcm (inclusive).
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
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01792 738364
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Astleys is a member of the Royal Institution of Chartered Surveyors (RICS) and is one of South West Wales’ leading firms of Chartered Surveyors, Auctioneers and Estate Agents. The firm has been established since 1863, which is run by a group of esteemed chartered surveyors with over 158 years of experience. We offer sound and professional advise covering all aspect of commercial property such as Agency, Acquisitions, Valuations, Rating, Rent Reviews, Dilapidations, Business Transfers and Licenced Trade. Astleys actively covers the commercial property market throughout South and West Wales including areas such as Swansea, Neath, Port Talbot, Llanelli, Bridgend, Ammanford, Carmarthenshire and Pembrokeshire.
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Property reference 32008193. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Astleys Commercial - Swansea.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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