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

    • Attractive Freehold Shop Investment
    • Well located in an established trading location
    • Entirely let to Bonmarche on a lease expiring 2026
    • Arranged over 15,728 sq ft
    • Conversion potential of upper floors into Residential(1)
    • VAT is applicable
    • Current Rent Received £50,000 p.a. (reflecting 16.66% GIY on Guide Price)

    Description

    The property is arranged over basement, ground and two upper floor to provide retail space at basement and ground floor with first floor ancillary storage accommodation.

    The second floor provides additional storage and is not presently used.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor (Retail)- 324.13 sq m (3,489 sq ft)

    First Floor (Storage & Ancillary) - 410.00 sq m (4,413 sq ft)

    Second Floor (Storeage) - 410.00 sq m (4,413 sq ft)

    Basement (Retail)- 317.07 sq m (3,413 sq ft)


    Total - 1,461.20 sq m (15,728 sq ft)

    Tenancy

    Let to Bonmarche Properties Limited on an internal repairing and insuring (IR&I) lease for a term of 5 years from October 2021 at £50,000 per annum.


    For the year ended February 2023 Bonmarche Properties Limited reported:

    D&B Rating: C 4·        

    Turnover: £24.4m·        

    Pre-tax profit: £101,000   

    Shareholders Funds: £164,000

    (Source: Incans 16/07/2025)

    Planning

    (1)The upper floors may lend themselves to residential conversion subject to consent and subject to the occupational lease.


    Lapsed planning consent (2019/2672/FUL was permitted for the change of use of the second floor from retail use to 6 x 1 bedroom flats and 1 x 2bedroom self-contained flats including a 2nd floor rear extension.

    Further planning was approved and has now lapsed (2021/0814/FUL) for the change of use of the first floor from retail use to 2 x 1 bedroom flats and 1 x 2 bedroom self-contained flats including 2nd floor rear extension and fenestration alterations.


    All enquiries in this regard should be made with Swansea Council

    Website: swansea.gov.uk

    Rent

    £50,000 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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      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.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      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 located on the South side of Oxford Street, in its pedestrianised section

      Nearby occupiers include Greggs, PoundStretcher, Waterstones and Principality 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 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.

      Addendums