4/5 Oxford Street Swansea West Glamorgan SA1 3AE

4/5 Oxford Street
Swansea
West Glamorgan
SA1 3AE

Prime Retail Investment

  • Let to River Island Clothing Co. Limited
  • Highly profitable store turned over 1.86 Million net of VAT in 2019 (3)
  • Rent rebased from 250,000 p.a.x.
  • Prime City Centre Location
  • Directly opposite Marks & Spencer
  • Neighbouring occupiers include Sports Direct, H&M, Costa Coffee, Lloyds Bank, Barclays Bank and McDonald's
  • Lot
    10
  • Auction
    9th July 2020
  • Rent
    £125,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Prime Retail Investment

  • Let to River Island Clothing Co. Limited
  • Highly profitable store turned over 1.86 Million net of VAT in 2019 (3)
  • Rent rebased from 250,000 p.a.x.
  • Prime City Centre Location
  • Directly opposite Marks & Spencer
  • Neighbouring occupiers include Sports Direct, H&M, Costa Coffee, Lloyds Bank, Barclays Bank and McDonald's
  • Lot 10
  • Auction 9th July 2020
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
40 miles west of Cardiff
78 miles west of Bristol
Roads
A483, M4 (J42)
Rail
Swansea Railway Station
Air
Cardiff Airport
Situation

The property is prominently located in the heart of Swansea City Centre, 1.5 miles north-west of Swansea University, on the south side of the busy pedestrianised Oxford Street, Swansea's prime retailing thoroughfare. Neighbouring occupiers include Sports Direct, H&M, Costa Coffee, Lloyds Bank, Barclays Bank and McDonald's.

Tenure

Long Leasehold. Held from the Council of the City and County of Swansea for a term of 150 years from 29th September 2011 until 2161 at a current rent reserved of 12,500 per annum exclusive. The rent is geared to 10% of the open market rent. The lease provides for the rent to be reviewed downwards or upwards in 2023 and 5 yearly.

Location
Miles
40 miles west of Cardiff
78 miles west of Bristol
Roads
A483, M4 (J42)
Rail
Swansea Railway Station
Air
Cardiff Airport
Situation

The property is prominently located in the heart of Swansea City Centre, 1.5 miles north-west of Swansea University, on the south side of the busy pedestrianised Oxford Street, Swansea's prime retailing thoroughfare. Neighbouring occupiers include Sports Direct, H&M, Costa Coffee, Lloyds Bank, Barclays Bank and McDonald's.

Tenure

Long Leasehold. Held from the Council of the City and County of Swansea for a term of 150 years from 29th September 2011 until 2161 at a current rent reserved of 12,500 per annum exclusive. The rent is geared to 10% of the open market rent. The lease provides for the rent to be reviewed downwards or upwards in 2023 and 5 yearly.

Description

The property comprises a large, well proportioned shop with retail accommodation on the ground floor and ancillary accommodation on the first and second floors. The third floor is not currently being used by the tenant and there is no internal access between the second and third floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

The property comprises a large, well proportioned shop with retail accommodation on the ground floor and ancillary accommodation on the first and second floors. The third floor is not currently being used by the tenant and there is no internal access between the second and third floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Reversion
Ground
First
Second
Retail
Ancillary
Ancillary
397.76 sq m
312.20 sq m
72.09 sq m

(4,281 sq ft)
(3,361 sq ft)
(776 sq ft)
RIVER ISLAND
CLOTHING CO.
LIMITED (1)
5 years from
25/03/2019 (2)
£125,000 24/03/2024
Third Not currently
used
not measured
Total
263.55 sq m
(2,837 sq ft)
    £125,000  

(1) For the year ending 29th December 2018, River Island Clothing Company Limited reported a turnover of 877,700,000, a pre-tax profit of 45,300,000 and shareholders funds of 341,500,000 (Source: SmartSearch 16/06/2020).
(2) The lease provides for a tenant option to determine on 25/03/2022.
(3) The tenants turnover information was provided to the seller, by the tenant.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    444 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Hill Dickinson LLP 50 Fountain Street
Manchester
M2 2AS
Jonathan Dover 0161 817 7290jonathan.dover@hilldickinson.com

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now