11 St. Helens Unit D & Unit E Ty John Penri Swansea West Glamorgan SA1 4AL

11 St. Helens
Unit D & Unit E Ty John Penri
Swansea
West Glamorgan
SA1 4AL

City Centre Restaurant Investment

  • Restaurant Let until August 2024 (subject to option)
  • Located in City Centre Location
  • 2016 Break option not exercised
  • Nearby occupiers include Subway, YMCA, J D Wetherspoon and Nisa Local
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    60
  • Auction
    25th May 2017
  • Rent
    £15,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £90,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

City Centre Restaurant Investment

  • Restaurant Let until August 2024 (subject to option)
  • Located in City Centre Location
  • 2016 Break option not exercised
  • Nearby occupiers include Subway, YMCA, J D Wetherspoon and Nisa Local
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 60
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £90,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles east of Llanelli, 38 miles west of Cardiff
Roads
A4118, A4067, A483, M4 (Junction 47)
Rail
Swansea Rail
Air
Cardiff International Airport
Situation

The property is situated in Swansea City Centre set back from St Helen's Road which runs parallel to Oxford Street, the prime retailing thoroughfare. Nearby occupiers include Subway, YMCA, J D Wetherspoon and Nisa Local.

Tenure

Long Leasehold. Held for a term of 125 years from 1st January 2005 at a rent of £250 per annum increasing by £250 per annum in 2032 and every 25 years thereafter.

Location
Miles
12 miles east of Llanelli, 38 miles west of Cardiff
Roads
A4118, A4067, A483, M4 (Junction 47)
Rail
Swansea Rail
Air
Cardiff International Airport
Situation

The property is situated in Swansea City Centre set back from St Helen's Road which runs parallel to Oxford Street, the prime retailing thoroughfare. Nearby occupiers include Subway, YMCA, J D Wetherspoon and Nisa Local.

Tenure

Long Leasehold. Held for a term of 125 years from 1st January 2005 at a rent of £250 per annum increasing by £250 per annum in 2032 and every 25 years thereafter.

Description

The property is a former print house which currently comprises restaurant and ancillary accommodation over ground and first floors, accessed primarily via St Helens Road.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is a former print house which currently comprises restaurant and ancillary accommodation over ground and first floors, accessed primarily via St Helens Road.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)

Tenant Term Rent p.a.x Review
Ground
First

Restaurant/Ancillary Restaurant
201.95 sq m
66.28 sq m
(2,174 sq ft)
(714 sq ft)
INDIVIDUALS t/a Mosaic (1)
10 years from 27/08/2014 until
26/08/2024 (2)
£15,000 (3)
27/08/2019
Total  
268.23 sq m
(2,888 sq ft)
    £15,000 (3)
 

(1) Mosaic Swansea is a tapas restaurant set up by two established food entrepreneurs in 2012. Mosaic has now been awarded the prestigious Good Food Award for both 2016 & 2017 (Source: www.mosaicswanseauk.com 10/04/2017).
(2) The lease provides a tenant option to determine on 27/08/2019.
(3) For the purpose of clarification, the current rent is £14,000 p.a.x. The lease provides a fixed rental increase to £15,000 p.a.x in 27/08/2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £15,000 p.a.x. from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    11.11.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    11.11.19
    File Size
    918 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds Sutherland 1 Callaghan Square
Cardiff
CF10 5BT
Angharad-Elin Trigg 02920 477 139AngharadTriggs@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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