228 Oxford Street
Swansea
Glamorganshire
SA1 3BJ

Freehold Charity Shop Investment

  • Let to British Red Cross Society
  • Lease expires September 2024
  • Prominent City Centre location
  • Nearby retailers include Savers Health & Beauty, J. D. Wetherspoon, Greggs, Waterstones, Poundland, Holland & Barrett and H. Samuel
  • Lot
    25
  • Auction
    28/Oct/2020
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 228 Oxford Street<br>Swansea<br>Glamorganshire<br>SA1 3BJ
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* More information on the term "price" can be found here

Property Information

Location
Miles
40 miles west of Cardiff
Roads
A483, M4
Rail
Swansea
Air
Cardiff Airport
Situation

The property is situated in a prominent location on the north side of Oxford Street, in the heart of Swansea City Centre, close to its junction with Plymouth Street. Nearby retailers include Savers Health & Beauty, J. D. Wetherspoon, Greggs, Waterstones, Poundland, Holland & Barrett and H. Samuel.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
First
Retail
Ancillary
276.32 sq m
242.34 sq m
(2,974 sq ft)
(2,608 sq ft)
BRITISH RED
CROSS SOCIETY
(1)
10 years from 15/09/2014
until 14/09/2024 on a full
repairing and insuring
lease (2)
£30,000
Total
518.66 sq m
(5,582 sq ft)   £30,000

(1) British Red Cross was founded in 1870 and now operates from over 300 shops across the UK (www.redcross.org.uk). The latest set of accounts filed with the Charity Commission show an income of 243,300,000 and a balance sheet of 177,400,000. See register of charities at charitycommision.gov.uk.
(2) The lease is subject to a Schedule of Condition.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    5 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    918 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Morgan La Roche Bay House, Tawe Business Village, Phoenix Way, Enterprise Park
Swansea
SA7 9LA
01792 776 792
David Palmer 01792 776 796dpalmer@morganlaroche.com

Useful Links

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