Ffynnon Menter, Phoenix Way, Swansea, SA7 9HZ

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

A well located HQ office building in Swansea arranged over 35,138 sq ft and entirely let to Consumer Energy Solutions on a lease expiring 2034(2). Current Rent Reserved £359,375 p.a. Rising to £485,375 p.a. in 2026 (reflecting 17.97% GIY on Guide Price)

Description

The property, arranged over ground and two upper floors provides for modern office accommodation throughout.

Surrounding the property is parking for 158 cars.

Recent Refurbishment

The property has recently undergone a comprehensive internal refurbishment to a high specification over a period of 10 months at a cost of apprxoimately £2.35million and to include but not limited to:

• Installation of new electrical distribution boards and full re-cabling
• New LED lighting and emergency lighting throughout
• Full data cabling and comms provision
• HVAC installation (VRF or split systems)
• Upgraded fire alarm, smoke detection, and security systems

Full details of the refurbishment can be found in the legal pack.

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 situated on the Swansea Enterprice Park, in an attractive lakelside setting on the north side of Pheonix Way and close to its junction with Valley Way in an established office location.

Occupiers close by include Morgan LaRoche Solicitors, JCP Solicitors, HM Land Registry 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 is 2.5 miles away provides services to Cardiff Central (fastest journey 52 minutes) and London Paddington

Tenancy

Let to Consumer Energy Solutions Limited on a full repairing and insuring(FRI) subject to a schedule of condition lease for a term of 10 years from July 2024 at £359,375 per annum.(1)

(2) The lease provides for a tenant break option at the 2nd & 5th anniversaries and 5 yearly rent reviews

(1) The minimum rent amount at Ffynnon Menter is £29,947.91 (£35,937.49 with VAT) per month. The rent is to be reviewed every quarter from the date of the lease up until the break date being 25 July 2026 and calculated on the number of staff. From 25 July 2026 up to but excluding the review date being 25 July 2029 the rent shall be £485,375 pa exclusive of VAT. PLease see the lease in the legal pack for further details.

For the year ended January 2024 Consumer Energy Solutions Limited·Reported:        

D&B Rating·        

Turnover:·£81,072,442        

Pre-tax profit:£35,288,831·        

Shareholders Funds: £25,765,196

(Source: Incans 14/07/2025)

Accommodation

Ground Floor - 1,445.01 sq m (15,554 sq ft)

First Floor - 1,487.47 sq m (16,011 sq ft)

Second Floor - 227.24 sq m (2,446 sq ft)

Ancillary - Annex - 104.70 sq m (1,127 sq ft)

Total - 3,264.42 sq m (35,138 sq ft)