Two pearls for Oyster Wharf

Seasalt and Joules have signed up for the new Oyster Wharf development, Mumbles, one of Wales' most famous seaside destinations

2 June 2015

Share this

Overlooking Swansea Bay, the £4m mixed use seafront regeneration scheme will see the rejuvenation of the historic Art Deco Tivoli building and adjoining shopping arcades. Cooke & Arkwright and E J Hales are joint agents for Nextcolour Developments on the scheme.

“Seasalt will be taking a 2,500 sq ft unit for 10 years,” said Alex Kalebic, Associate Director at Cooke & Arkwright. “It will be the retailer's first store in Wales, while Joules will expand into a larger unit of 1,750 sq ft from its existing outlet in Mumbles. Nextcolour are doing an excellent job on the overall scheme which will be a real boost to Mumbles' profile, benefiting locals and attracting even more visitors.”

Mr Kalebic said that the Co-op food store, which currently occupied the property, would relocate to the redeveloped Tivoli building. Seasalt and Joules will invest around £500,000 to it out the refurbished units, reflecting the size and location of the new premises. The fashion retailers will join a number of leisure and restaurant operators at the development including Prezzo and Loungers cafe.

Oyster Wharf will include restaurants, leisure operators and shops and will help to boost trade in the town, making it an extremely attractive retail and leisure destination. Mumbles is an affluent, up-market suburb of Swansea, forming part of Swansea Bay which is in the UK's first Area of Outstanding Natural Beauty and also marks the beginning of the Gower Peninsular.

The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties