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Sold STC
Property
4028
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 1800Mbps *
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Features and description
- A large mixed use investment opportunity with development potential over the upper floors (subject to planning)
- Prominent position within swansea city centre
- Net internal area: 374.23 sq.m (4,028.21 sq. ft.) arranged over three floors (plus basement)
- 2 no. ground floor (a3) retail units, producing a current rent passing of £23,520 per annum with potential for further rental growth
- Vacant commercial accommodation over upper floors, previously occupied for use as a massage parlour/ health studio (d2 use class)
The subject property comprises an extended mid terraced, mixed use building, which is position along an established trading location, fronting St Helens Road, within Swansea City Centre.
Internally the subject premises, which is arranged over three floors (plus basement), benefits from a total Net Internal Area (NIA) of approximately 374.23 sq.m (4,028.21 sq. ft.), which excludes the basement area accessed via the trap door over the retail unit to the right.
The ground floor, which has been subdivided to comprise two separate retail units, accommodates the main sales area to the front, both of which are occupied for use as independent restaurants/ hot food takeaway outlets. The main sales areas are also supported by ancillary accommodation to the rear, comprising separate commercial kitchens, various store areas and shared ladies/ gents w.c. facilities.
We also note that each ground floor retail unit appears to have been let and held on separate occupational leasehold agreements, producing a total rent passing of £23,520 per annum.
The remaining accommodation, arranged over the upper floors was previously occupied for use as a massage parlour/ health studio (D2 Use Class), comprising a number of individual rooms, which can be accessed off the internal corridor. The main floor can be accessed independently off a separate entrance foyer and stairwell to the front.
Description - The subject property comprises an extended mid terraced, mixed use building, which is position along an established trading location, fronting St Helens Road, within Swansea City Centre.
Internally the subject premises, which is arranged over three floors (plus basement), benefits from a total Net Internal Area (NIA) of approximately 374.23 sq.m (4,028.21 sq. ft.), which excludes the basement area accessed via the trap door over the retail unit to the right.
The ground floor, which has been subdivided to comprise two separate retail units, accommodates the main sales area to the front, both of which are occupied for use as independent restaurants/ hot food takeaway outlets. The main sales areas are also supported by ancillary accommodation to the rear, comprising separate commercial kitchens, various store areas and shared ladies/ gents w.c. facilities.
A small basement store can also be accessed off the retail unit to the left, to the rear of the main sales area via an internal stairwell. A much larger basement is also available over the retail unit to the right, which can be accessed via a trap door from the main sales area. However, we have not been able to inspect this area of the building due to its restricted access.
Based on the current arrangement of the ground floor accommodation, it would appear that this floor area was previously occupied in its entirety as a single retail unit, which has since been altered and subdivided to comprise its existing layout.
We also note that each ground floor retail unit appears to have been let and held on separate occupational leasehold agreements, producing a total rent passing of £23,520 per annum.
The remaining accommodation, arranged over the upper floors was previously occupied for use as a massage parlour/ health studio (D2 Use Class), comprising a number of individual rooms, which can be accessed off the internal corridor. The main floor can be accessed independently off a separate entrance foyer and stairwell to the front, while the second floor can be accessed internally off the first floor corridor. Given the size of the accommodation arranged over the upper floors, this section of the building also has the potential to be converted to a variety of alternative uses, such as various self-contained residential units (subject to planning).
Externally, we note that the subject premises accommodates the majority of the site, with the exception of a small enclosed courtyard to the rear of the retail unit to the left. Although we note that no designated parking facilities are available on site, the subject premises appears to be well located, within close proximity to adequate on street parking, which includes a number of resident only and time restricted parking bays.
Location - The subject premises is located along a prominent main road, situated directly off St Helens Road, which is one of the main arterial routes leading to Swansea City Centre.
The immediate vicinity accommodates a range of established operators including hot food takeaways, restaurants, convenience stores and public house premises.
St Helens Road is also a short walking distance to the primary retail areas of Swansea city centre.
Accommodation - The property provides the following approximate dimensions and areas:
Unit 1 (Kurdistan)
GROUND FLOOR
Sales Area: 56.23 sq.m (605.25 sq. ft.)
Ancillary: 17.13 sq.m (184.38 sq. ft.)
BASEMENT
Storage: 11.39 sq.m (122.63 sq. ft.)
Unit 2 (Istanbul)
GROUND FLOOR
Sales Area: 82.54 sq.m (888.46 sq. ft.)
Ancillary: 50.76 sq.m (546.38 sq. ft.)
BASEMENT
Storage
Not measured but we have been advised that this area of the building is arranged under the majority of the ground floor sales area, accessed via a trap door.
Massage Parlour/ Health Studio (Vacant)
FIRST FLOOR
Commercial (D2 Use): 128.80 sq.m (1,386.40 sq. ft.)
SECOND FLOOR
Storage: 27.38 sq.m (294.71 sq. ft.)
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
No. 22 St. Helens Road: £8,100 (Rateable Value)
No. 22a St. Helens Road: £8,900 (Rateable Value)
No. 22b St. Helens Road: £11,250 (Rateable Value)
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024/25 the multiplier will be 0.562.
Rates relief for small business in Wales 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.
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
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Internally the subject premises, which is arranged over three floors (plus basement), benefits from a total Net Internal Area (NIA) of approximately 374.23 sq.m (4,028.21 sq. ft.), which excludes the basement area accessed via the trap door over the retail unit to the right.
The ground floor, which has been subdivided to comprise two separate retail units, accommodates the main sales area to the front, both of which are occupied for use as independent restaurants/ hot food takeaway outlets. The main sales areas are also supported by ancillary accommodation to the rear, comprising separate commercial kitchens, various store areas and shared ladies/ gents w.c. facilities.
We also note that each ground floor retail unit appears to have been let and held on separate occupational leasehold agreements, producing a total rent passing of £23,520 per annum.
The remaining accommodation, arranged over the upper floors was previously occupied for use as a massage parlour/ health studio (D2 Use Class), comprising a number of individual rooms, which can be accessed off the internal corridor. The main floor can be accessed independently off a separate entrance foyer and stairwell to the front.
Description - The subject property comprises an extended mid terraced, mixed use building, which is position along an established trading location, fronting St Helens Road, within Swansea City Centre.
Internally the subject premises, which is arranged over three floors (plus basement), benefits from a total Net Internal Area (NIA) of approximately 374.23 sq.m (4,028.21 sq. ft.), which excludes the basement area accessed via the trap door over the retail unit to the right.
The ground floor, which has been subdivided to comprise two separate retail units, accommodates the main sales area to the front, both of which are occupied for use as independent restaurants/ hot food takeaway outlets. The main sales areas are also supported by ancillary accommodation to the rear, comprising separate commercial kitchens, various store areas and shared ladies/ gents w.c. facilities.
A small basement store can also be accessed off the retail unit to the left, to the rear of the main sales area via an internal stairwell. A much larger basement is also available over the retail unit to the right, which can be accessed via a trap door from the main sales area. However, we have not been able to inspect this area of the building due to its restricted access.
Based on the current arrangement of the ground floor accommodation, it would appear that this floor area was previously occupied in its entirety as a single retail unit, which has since been altered and subdivided to comprise its existing layout.
We also note that each ground floor retail unit appears to have been let and held on separate occupational leasehold agreements, producing a total rent passing of £23,520 per annum.
The remaining accommodation, arranged over the upper floors was previously occupied for use as a massage parlour/ health studio (D2 Use Class), comprising a number of individual rooms, which can be accessed off the internal corridor. The main floor can be accessed independently off a separate entrance foyer and stairwell to the front, while the second floor can be accessed internally off the first floor corridor. Given the size of the accommodation arranged over the upper floors, this section of the building also has the potential to be converted to a variety of alternative uses, such as various self-contained residential units (subject to planning).
Externally, we note that the subject premises accommodates the majority of the site, with the exception of a small enclosed courtyard to the rear of the retail unit to the left. Although we note that no designated parking facilities are available on site, the subject premises appears to be well located, within close proximity to adequate on street parking, which includes a number of resident only and time restricted parking bays.
Location - The subject premises is located along a prominent main road, situated directly off St Helens Road, which is one of the main arterial routes leading to Swansea City Centre.
The immediate vicinity accommodates a range of established operators including hot food takeaways, restaurants, convenience stores and public house premises.
St Helens Road is also a short walking distance to the primary retail areas of Swansea city centre.
Accommodation - The property provides the following approximate dimensions and areas:
Unit 1 (Kurdistan)
GROUND FLOOR
Sales Area: 56.23 sq.m (605.25 sq. ft.)
Ancillary: 17.13 sq.m (184.38 sq. ft.)
BASEMENT
Storage: 11.39 sq.m (122.63 sq. ft.)
Unit 2 (Istanbul)
GROUND FLOOR
Sales Area: 82.54 sq.m (888.46 sq. ft.)
Ancillary: 50.76 sq.m (546.38 sq. ft.)
BASEMENT
Storage
Not measured but we have been advised that this area of the building is arranged under the majority of the ground floor sales area, accessed via a trap door.
Massage Parlour/ Health Studio (Vacant)
FIRST FLOOR
Commercial (D2 Use): 128.80 sq.m (1,386.40 sq. ft.)
SECOND FLOOR
Storage: 27.38 sq.m (294.71 sq. ft.)
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
No. 22 St. Helens Road: £8,100 (Rateable Value)
No. 22a St. Helens Road: £8,900 (Rateable Value)
No. 22b St. Helens Road: £11,250 (Rateable Value)
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024/25 the multiplier will be 0.562.
Rates relief for small business in Wales 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.
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
[use Contact Agent Button]
[use Contact Agent Button]
Property information from this agent
About this agent
Astleys Commercial - Swansea
Raglan House, Charter Court
Phoenix Way, Enterprise Park, Swansea
SA7 9DD
01792 738364Astleys 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.