259 Oxford Street, Swansea, West Glamorgan
Swansea, SA1 3BR

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Rhodri Walters

The Agent

Rhodri Walters
Surveyor

02920 346316
Huw Thomas

The Agent

Huw Thomas
Director

02920 346312
Brochure

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Specification

  • RETAIL
  • 1,328 sqft (123 sqm)
  • To let
  • £57,500 per Annum

Description

The premises is located within a 100% prime pitch on the pedestrianised Oxford Street with adjacent occupiers being Crouch the Jewellers and Infinity Mist. Marks & Spencer, Next, Costa Coffee, H Samuel, Barclays and Office are in close proximity.

DESCRIPTION

The premises comprises an open plan ground floor sales area accessed directly from Oxford Street, with ancillary accommodation available on the first, second and basement floors. Rear access is provided from Park Street.

TERMS

The premises is available to let via a new lease for a term to be agreed, on effective full repairing and insuring terms.

Quoting rent £ 57,500 pax

RATEABLE VALUE

The 2017 Rateable Value for the premises is:-

Rateable value: £ 77,500
Rates payable: £ 41,463

Interested parties are encouraged to make their own enquiries with the Local Rating Authority.

VAT

VAT will be payable to the rent.

ACCOMMODATION

The premises provides the following approximate areas and
dimensions:-

Internal Width 7.06 m 23 ft 03 ins
Shop Depth 18.28 m 60 ft 00 ins
Ground Floor Sales 123.37 sq m 1,328 sq ft
First Floor Ancillary 119.47 sq m 1,286 sq ft
Second Floor Ancillary 27.13 sq m 292 sq ft
Basement Ancillary 121.08 sq m 1,312 sq ft

PLANNING

We understand that the premises benefits from A1 use. Other uses to include A3 will be considered subject to the tenant obtaining all necessary planning consents.

EPC RATING

D - 89

LEGAL COSTS

Each party to bear their own costs in dealing with this transaction.

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group