Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint LPA receivers JLL
Property Information
Location
Miles
12 miles east of Llanelli, 38 miles west of Cardiff
Roads
A4118, A4067, A483, M4 (Junction 47)
Rail
Swansea Rail Station
Air
Cardiff International Airport
Situation
The property is situated in the city centre on the northern side of the busy Kingsway, at its junction with Horton Street. The property is just north of Oxford Street, Swansea’s prime retailing thoroughfare and within a short walk of the Quadrant Shopping Centre. Other nearby occupiers include Cooperative Supermarket, TSB Bank, British Heart Foundation, Halifax and Subway.
Tenure
Long Leasehold. Held from the Council of the City and County of Swansea for a term of 125 years from 25th March 2003 until 24th March 2128 at a rent of £3,010 per annum reviewed five yearly to 10% of the yearly open market rent.
Location
Miles
12 miles east of Llanelli, 38 miles west of Cardiff
Roads
A4118, A4067, A483, M4 (Junction 47)
Rail
Swansea Rail Station
Air
Cardiff International Airport
Situation
The property is situated in the city centre on the northern side of the busy Kingsway, at its junction with Horton Street. The property is just north of Oxford Street, Swansea’s prime retailing thoroughfare and within a short walk of the Quadrant Shopping Centre. Other nearby occupiers include Cooperative Supermarket, TSB Bank, British Heart Foundation, Halifax and Subway.
Tenure
Long Leasehold. Held from the Council of the City and County of Swansea for a term of 125 years from 25th March 2003 until 24th March 2128 at a rent of £3,010 per annum reviewed five yearly to 10% of the yearly open market rent.
Description
The property comprises a ground floor banking hall with ancillary accommodation over the first and second floors.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with ancillary accommodation over the first and second floors.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.
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
Reversion
Ground First Second
Banking Hall/Ancillary Ancillary Ancillary
114.36 sq m 89.82 sq m 82.10 sq m
(1,231 sq ft) (967 sq ft) (884 sq ft)
CO-OPERATIVE BANK PLC (1)
5 years from 12/08/2014 on a full repairing and insuring lease
£24,000
11/08/2019
Totals
286.28 sq m
(3,082 sq ft)
£24,000
(1) The Co-operative Bank provides high street and internet banking, current accounts, mortgages, savings accounts, credit cards and loans. As at 31 December 2014, the Co-operative Bank had 4.4m customers and operated through a network of 222 branches, 17 business banking centres and three primary call centres, 1,911 ATMs, the internet and digital channels. (Source: www.co-operativebank.co.uk 10/06/2015)