Quadrant Gate, Nelson Street, Swansea, Wales, SA1

Quadrant Gate, Nelson Street, Swansea, SA1 3QE City Centre Retail Investment Opportunity

LOCATION
The subject property is located on Nelson Street. Nelson Street occupies a central and well-connected position, lying immediately adjacent to the Quadrant Shopping Centre and Swansea Indoor Market, both of which attract significant footfall. The surrounding area is predominantly commercial, comprising a mix of national retailers, independent shops and cafés.
Nelson Street benefits from excellent accessibility, being within easy walking distance of key public transport links, including Swansea Bus Station and Swansea Railway Station, as well as nearby city centre car parks. The street connects directly with Union Street and Oxford Street, two of Swansea's principal retail thoroughfares, placing it on the edge of the city's prime retail pitch.

Neighbouring occupiers include Burger King, Vodafone, WHSmiths and Santander.

DESCRIPTION
The subject property comprises a large corner plot with accommodation covering three floors. The ground floor consists of a parade of four retail units with Unit 2 having a small amount of accommodation over the first floor. All of the retail units have an independent access and benefit
from modern shop fronts. At present the upper floors are mainly vacant and provide development potential for conversion to residential use, STP.

TENURE
The property is held freehold.

VAT
Sale to be treated as a transfer of going concern (TOGC).

ASKING PRICE
We have been instructed to seek offers in the region of £525,000 providing a current GIY 6.3%
and a potential GIY 9.1%.

EPC
Energy rating and score;
Unit 1 - 60 C
Unit 2 - 81 D
Unit 3 - 77 D
Quadrant Gate Café - 78 - D

RATEABLE VALUE
Unit 1 - £21,250
Unit 2 - 18,750
Unit 3 - £9,300
Unit 4 - £7,900
UBR for Wales 25/26 is 56.8 p in the £

PLANNING
We understand that the retail units benefit from A1 or A3 use under The Town and Country
Planning (Use Classes) Order 1987 (as amended). The upper floors are vacant and other uses would be considered, subject to relevant planning consent.