17 Oxford Street Swansea SA1 3AG

17 Oxford Street
Swansea
SA1 3AG

Freehold Retail Investment

Let to Waterstones Booksellers Limited
Re-based rent from June 2020
Attractive Grade II Listed building - approximately 14,680 sq ft
Tenant in occupation for over 20 years
Prominent position in Swansea's primary retailing thoroughfare
Nearby retailers include WHSmith, Boots the Chemist, Superdrug, Vision Express, Holland & Barrett, Costa Coffee and Card Factory

Lot
6
Auction
21st July 2021
Rent
£45,000 per Annum Exclusive
Status
Sold
Price
£423,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to Waterstones Booksellers Limited
Re-based rent from June 2020
Attractive Grade II Listed building - approximately 14,680 sq ft
Tenant in occupation for over 20 years
Prominent position in Swansea's primary retailing thoroughfare
Nearby retailers include WHSmith, Boots the Chemist, Superdrug, Vision Express, Holland & Barrett, Costa Coffee and Card Factory

Lot 6
Auction 21st July 2021
Rent £45,000 per Annum Exclusive
Status Sold
Price £423,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 40 miles north-west of Cardiff
Roads: A456, M4
Rail: Swansea
Air: Swansea

Situation

Swansea is a popular City approximately 40 miles north-west of Cardiff. The property is located on the south side of the pedestrianised Oxford Street, close to The Quadrant Shopping Centre with retailers including WHSmith, Boots the Chemist, Superdrug, Vision Express and Holland & Barrett.

Tenure

Freehold.

Location

Miles: 40 miles north-west of Cardiff
Roads: A456, M4
Rail: Swansea
Air: Swansea

Situation

Tenure

Freehold.

Description

The property, which is Grade II listed, comprises an attractive four storey building, benefitting from ground and first floor trading accommodation with basement, second and third floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D. See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second Third Basement	Retail Retail/Ancillary Ancillary Ancillary Ancillary	488.02 sq m 449.18 sq m 95.41 sq m 120.59 sq m 210.61 sq m	(5,253 sq ft) (4,835 sq ft) (1,027 sq ft) (1,298 sq ft) (2,267 sq ft)	WATERSTONES BOOKSELLERS LIMITED (1)	3 years from 24th June 2020 on a full repairing and insuring lease	£45,000
Total		1,363.81 sq m	(14,680 sq ft)			£45,000

(1) For the year ending 25/04/2020, Waterstones Booksellers Limited reported a turnover of £376,024,000, pre-tax profits of £20,831,000 and shareholder's funds of £61,648,000 (source: NorthRow 21/06/2021).

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.