Home > Auctions > 1 October 2025 01 October 2025 - 9:00am > Lot 92

1 October 2025: Wednesday 01 October 2025 - 9:00am
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    Key features

    • Leasehold Office Investment
    • Let to Consumer Energy Solutions on a lease expiring 2034(2)
    • Recently completed refurbishment costing over £2.35m
    • Arranged over 35,138 sq ft
    • Well located on the Swansea Enterprise Park
    • VAT is applicable
    • Six Week Completion Available
    • Current Rent Reserved £359,375 p.a. Rising to £485,375 p.a. in 2026 (Reflecting 16.33% GIY rising to 22.6% GIY in 2026)

    Description

    The property, arranged over ground and two upper floors provides for modern office accommodation throughout.

    Surrounding the property is parking for 158 cars.


    Recent Refurbishment


    The property has recently undergone a comprehensive internal refurbishment to a high specification over a period of 10 months at a cost of approximately £2.35million and to include but not limited to:


    • Installation of new electrical distribution boards and full re-cabling
    • New LED lighting and emergency lighting throughout
    • Full data cabling and comms provision
    • HVAC installation (VRF or split systems)
    • Upgraded fire alarm, smoke detection, and security systems


    Full details of the refurbishment can be found in the legal pack.

    Additional information

    Tenure

    Leasehold. Held on a lease for a term of 125 years from March 1991 (thus having approximately 91 years unexpired) at a peppercorn ground rent.

    The Vendor is in discussion with the Freeholder (Swansea City Council) to extend the headlease to 250 years. Please contact the auctioneer for further details.

    Accommodation

    Ground Floor - 1,445.01 sq m (15,554 sq ft)

    First Floor - 1,487.47 sq m (16,011 sq ft)

    Second Floor - 227.24 sq m (2,446 sq ft)

    Ancillary - Annex - 104.70 sq m (1,127 sq ft)


    Total - 3,264.42 sq m (35,138 sq ft)

    Tenancy

    Let to Consumer Energy Solutions Limited on a full repairing and insuring(FRI) subject to a schedule of condition lease for a term of 10 years from July 2024 at £359,375 per annum.(1)


    (2) The lease provides for a tenant break option at the 2nd & 5th anniversaries and 5 yearly rent reviews


    (1) The minimum rent amount at Ffynnon Menter is £29,947.91 (£35,937.49 with VAT) per month. The rent is to be reviewed every quarter from the date of the lease up until the break date being 25 July 2026 and calculated on the number of staff. From 25 July 2026 up to but excluding the review date being 25 July 2029 the rent shall be £485,375 pa exclusive of VAT. Please see the lease in the legal pack for further details.


    For the year ended January 2024 Consumer Energy Solutions Limited·Reported:        

    D&B Rating·        

    Turnover:·£81,072,442        

    Pre-tax profit:£35,288,831·        

    Shareholders Funds: £25,765,196

    (Source: Incans 14/07/2025)

    Rent

    £359,375 per annum Rising to £485,375 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

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        Local information

        Swansea is the second largest city in Wales and is located in the historic county of Glamorgan on the south coast of Wales

        The property is situated on the Swansea Enterprice Park, in an attractive lakelside setting on the north side of Pheonix Way and close to its junction with Valley Way in an established office location.

        Occupiers close by include Morgan LaRoche Solicitors, JCP Solicitors, HM Land Registry amongst many others.

        Transport

        Road - The city is located 4 miles south of the M4 Motorway between junctions 44 and 47

        Rail - Swansea Rail Station is 2.5 miles away provides services to Cardiff Central (fastest journey 52 minutes) and London Paddington

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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