Former La Cantina, 7 Castle Square,
City Centre Freehold
7, Castle Square, Swansea, SA1 1DW
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Summary
An established mid-terrace 4 storey property which is also provided with basement space.
Basement, Ground and First Floors have, until recently, been used as an A3 outlet whilst the 2 upper floors have not been in recent use and require refurbishment.
The property fronts directly on to Castle Square while at the rear, a small yard area is provided with a right over a pedestrian access way which facilitates delivery.
- City Centre Freehold
- Long Established A3 Premises
- Suitable for Other Uses / Redevelopment (STPP)
- Accommodation over 4 floors plus basement
- Potentially available on a Leasehold basis
| Property Type | Retail & Leisure |
|---|---|
| Tenure | For Sale |
| Status | Available |
| Price | £275,000 |
| Size | 4,290 sq ft |
Location
A prominent building located in Castle Square, forming part of Swansea's main Bar/Restaurant quarter with a number of national A3 occupiers in close proximity.
The property is on the South Western fringe of the city, and provides easy pedestrian access to the Retail core via Castle Gardens.
The property also benefits from rear deliveries access to the Strand.
7, Castle Square, Swansea, SA1 1DW
Description
Specification
The property benefits from the following features:
- Fully fitted ground floor for A3 use
- Additional bar at first floor level
- Male and Female WCs to Ground and First Floor
- Additional space on upper floors
- Basement providing cellar, office and storage facilities
Accommodation
Accommodation
The property provides the following floor areas;
| Floor | sq ft | sq m |
| Basement | 954 | 89 |
| Ground Floor | 862 | 80 |
| First Floor | 660 | 61 |
| Second Floor | 970 | 90 |
| Third Floor | 844 | 78 |
| Total | 4,290 | 398 |
Terms
Tenure
We are advised that the property is Freehold.
Terms
Freehold Asking Price - £275,000.
Alternatively, our clients may consider disposal by way of an occupational lease.
Further details can be made available following expression of interest with the agent.
Other Information
Planning
The last use of the property was for A3 purposes and interested parties are recommended to verify whether planning consent exists for such use.
We believe the property is suitable for other uses, and interested parties are encourage to make their own enquiries with the local planning authority.
Licencing
The premises previously had the benefit of an on-licence until 1.30am, and also an entertainment licence. Interested parties should make their own enquiries.
Business Rates
The Rateable Value for the premises is 11250.
The current UBR multiplier for Wales is 0.535.
Small business rates relief may be applicable for properties with an RV less than 12000.
The Valuation Office assessment is available as a download via the BP2 Website.
EPC
An updated EPC has been sourced and will be made available to interested parties.
VAT & Legal Costs
We are advised that VAT will NOT apply to this transaction.
Each party is responsible for their own legal costs incurred in any transaction.
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