A prominent, freehold character building situated at the Castle Gardens entrance to the prime Bar/Restaurant Quarter of Swansea City Centre.
An established mid-terrace 4 storey property which is also provided with basement space.
Basement, Ground and First Floors have, until recently, been used as an A3 outlet whilst the 2 upper floors have not been in recent use and require refurbishment.
The property fronts directly on to Castle Square while at the rear, a small yard area is provided with a right over a pedestrian access way which facilitates delivery.
The property benefits from the following features:
- Fully fitted ground floor for A3 use
- Additional bar at first floor level
- Male and Female WCs to Ground and First Floor
- Additional space on upper floors
- Basement providing cellar, office and storage facilities
The property provides the following floor areas;Floor sq ft sq m
Basement 954 89
Ground Floor 862 80
First Floor 660 61
Second Floor 970 90
Third Floor 844 78Total 4,290 398
We are advised that the property is Freehold.
Freehold Asking Price - £275,000.
Alternatively, our clients may consider disposal by way of an occupational lease.
Further details can be made available following expression of interest with the agent.
The last use of the property was for A3 purposes and interested parties are recommended to verify whether planning consent exists for such use.
We believe the property is suitable for other uses, and interested parties are encourage to make their own enquiries with the local planning authority.
The premises previously had the benefit of an on-licence until 1.30am, and also an entertainment licence. Interested parties should make their own enquiries.
The Rateable Value for the premises is 11250.
The current ubr multiplier for Wales is 0.535.
Small business rates relief may be applicable for properties with an rv less than 12000.
The Valuation Office assessment is available as a download via the BP2 Website.EPC
An updated EPC has been sourced and will be made available to interested parties.
VAT & Legal Costs
We are advised that VAT will not apply to this transaction.
Each party is responsible for their own legal costs incurred in any transaction.