Seasalt and Joules open at Oyster Wharf, Mumbles

7 November 2017

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Seasalt and Joules have opened within the former Co-op which has been developed as part of the Oyster Wharf scheme in Mumbles, one of Wales’ most famous seaside destinations. Overlooking Swansea Bay, the £5.5m mixed use seafront regeneration scheme by Nextcolour Developments has seen the rejuvenation of the historic Art Deco Tivoli building and adjoining shopping arcades. Leisure operators at the fully occupied scheme are Croeso Lounge, Prezzo, Le Bistrot Pierre and rooftop restaurant La Parrilla.

Cooke & Arkwright’s Retail & Leisure Agency acted for the landlord in securing pre-lets to Seasalt and Joules when the former Co-op premises were being converted into two retail units. Surveyor Ian Newbury said, “It’s a great location and Seasalt and Joules provide a real boost to the retail mix in Mumbles. The restaurants at Oyster Wharf also make a great contribution to the leisure scene and the whole development is attracting more visitors to the area.”

Cooke & Arkwright’s Property Management team are retained as managing agents for the Oyster Wharf scheme.

E J Hales advised Joules on the acquisition.

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP