21 Oxford Street, Swansea, SA1 3AQ

StrapLine

Auction Sale - 16/09/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website

Attractive Freehold Shop Investment in the city centre, entirely let to Bon Marche and with redevelopment potential of upper floors. Current Rents £50,000 p.a. (reflecting 10% GIY on Guide Price)

Description

The property is arranged over basement, ground and two upper floor to provide retail space at basement and ground floor with first floor ancillary storage accommodation.

The second floor provides additional storage and is not presently used.

Location

Swansea is the second largest city in Wales and is located in the historic county of Glamorgan on the south coast of Wales.

The property is located on the South side of Oxford Street, in its pedestrianised section

Nearby occupiers include Greggs, PoundStretcher, Waterstones and Principality amongst many others

Transport

Road - The city is located 4 miles south of the M4 Motorway between junctions 44 and 47

Rail- Swansea Rail Station provides services to Cardiff Central (fastest journey 52 minutes) and London Paddington

Tenancy

Let to Bonmarche Properties Limited on an internal repairing and insuring (IR&I) lease for a term of 5 years from October 2021 at £50,000 per annum.

For the year ended February 2023 Bonmarche Properties Limited reported:

D&B Rating: C 4·        

Turnover: £24.4m·        

Pre-tax profit: £101,000   

Shareholders Funds: £164,000

(Source: Incans 16/07/2025)

Accommodation

Ground Floor (Retail)- 324.13 sq m (3,489 sq ft)

First Floor (Storage & Ancillary) - 410.00 sq m (4,413 sq ft)

Second Floor (Storeage) - 410.00 sq m (4,413 sq ft)

Basement (Retail)- 317.07 sq m (3,413 sq ft)

Total - 1,461.20 sq m (15,728 sq ft)

Planning

(1)The upper floors may lend themselves to residential conversion subject to consent and subject to the occupational lease.

Lapsed planning consent (2019/2672/FUL was permitted for the change of use of the second floor from retail use to 6 x 1 bedroom flats and 1 x 2bedroom self-contained flats including a 2nd floor rear extension.

Further planning was approved and has now lapsed (2021/0814/FUL) for the change of use of the first floor from retail use to 2 x 1 bedroom flats and 1 x 2 bedroom self-contained flats including 2nd floor rear extension and fenestration alterations.

All enquiries in this regard should be made with Swansea Council

Website: swansea.gov.uk