262 Oxford Street Swansea West Glamorgan SA1 3BR

262 Oxford Street
Swansea
West Glamorgan
SA1 3BR

Prominent Retail Investment

  • Entirely let to Barclays Bank plc until 2023 (no breaks)
  • Prominent corner position in busy town centre location
  • Nearby occupiers include Marks & Spencer, Lloyds Bank, Starbucks, Next and Topman
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    25
  • Auction
    7th July 2016
  • Rent
    £175,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,750,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
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  • Map

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

Prominent Retail Investment

  • Entirely let to Barclays Bank plc until 2023 (no breaks)
  • Prominent corner position in busy town centre location
  • Nearby occupiers include Marks & Spencer, Lloyds Bank, Starbucks, Next and Topman
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 25
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £1,750,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    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 a prominent corner position within Swansea City Centre on the northern side of Oxford Street, Swansea’s prime retailing thoroughfare. The property is located opposite an entrance to Swansea indoor market and close to the Quadrant Shopping Centre which adjoins Swansea Bus Station and houses occupiers such as Debenhams, Boots, Body Shop and Schuh. Other nearby occupiers include Marks & Spencer, Lloyds Bank, Starbucks, Next and Topman.

Tenure

Long Leasehold. Held from Swansea City Council for a term of 125 years from 29th September 1995 at rent equivalent to 10% of rents received, reviewed in line with the occupational lease. The current ground rent is therefore £17,500 p.a.

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 a prominent corner position within Swansea City Centre on the northern side of Oxford Street, Swansea’s prime retailing thoroughfare. The property is located opposite an entrance to Swansea indoor market and close to the Quadrant Shopping Centre which adjoins Swansea Bus Station and houses occupiers such as Debenhams, Boots, Body Shop and Schuh. Other nearby occupiers include Marks & Spencer, Lloyds Bank, Starbucks, Next and Topman.

Tenure

Long Leasehold. Held from Swansea City Council for a term of 125 years from 29th September 1995 at rent equivalent to 10% of rents received, reviewed in line with the occupational lease. The current ground rent is therefore £17,500 p.a.

Description

The property comprises a corner unit providing banking hall and ancillary accommodation on the ground floor with ancillary accommodation on first and second floors.

VAT

VAT is 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 Georgina Roberts. Telephone: +44 (0)20 7034 4863.

EPC

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

Description

The property comprises a corner unit providing banking hall and ancillary accommodation on the ground floor with ancillary accommodation on first and second floors.

VAT

VAT is 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 Georgina Roberts. Telephone: +44 (0)20 7034 4863.

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
Second
Banking Hall/Ancillary
Ancillary
Ancillary
200.20 sq m
188.50 sq m
196.49 sq m
(2,155 sq ft)
(2,029 sq ft)
(2,115 sq ft)
BARCLAYS BANK
PLC (1)
10 years from 23/05/2013
until 22/05/2023 on a full
repairing and insuring lease
£175,000 23/05/2018
Totals  
585.19 sq m
(6,299 sq ft)
    £175,000

(1) For the year ending 31st December 2015, Barclays Bank plc reported pre-tax profits of £2,841,000,000 and a total net worth of £55,845,000,000. (Source: www.riskdisk.com 14/11/2014)

Property Documents

  • Site Plan
    Updated Date
    15.06.16
    File Size
    114 KB
    View PDF
  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    1 MB
    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
Hamlins LLP 287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112jholder@hamlins.co.uk

Useful Links

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

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