Deceptively large investment property in the centre of Swansea let to a long established business for £9600pa, representing an Initial gross yield of 12%.
The property is currently operated as a clothing, homeware and gift shop and is long-established in the area. The property briefly comprises the main retail area which continues through a number of widening areas to the rear of the building. There is also an upstairs area to the rear of the property which offers further storage, plus a staff kitchen and WC.
Plymouth Street is a very busy thoroughfare in the centre of Swansea and 57a is close to the entrance of the bus station, Quadrant shopping centre and nearby Swansea indoor market.
We are informed that the property is let to Jigso Cymru, and the passing rent is £9600pa, representing an Initial Gross Yield of 12%. Please though consult the legal pack for further details of the tenancy.
GF - Main retail area, changing room, stores.
FF - Lobby, Store rooms, Kitchen, WC.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 9 December 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 8 December and conclude in order from Lot 1 at 4:00 pm on Tuesday, 9 December 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
