Back to list of properties
Riverside House, Normandy Road, Swansea, Swansea, SA1 2JA
Guide Price* : £400,000
- Vacant Office Opportunity
- Office Space - 16,177 sq ft (1,502.84 sq m)
- Refurbishment Potential - Ability to Split Into Separate Suites
- Asset Management Potential
- Large Car Parking with Barrier Entry
- Site Area - 1.51 acres (0.61 hectares)
- Long Leasehold 94 years unexpired at a combined ground rent of £4,250 per annum
- Guide Price of £400,000 reflects an attractive Capital Value of £24.73 per sq ft
Description
The property comprises a self contained modern office block and provides a combination of open plan and cellular office accommodation totaling 16,177 sq ft (1,502.84 sq m) arranged over ground, first and second floors which are capable of sub division. The reception is situated within an impressive, double height, atrium with stairs and lifts provided access to the office accommodation.
The car park provides approximately 40 marked spaces with an additional yard to the rear which we understand is used as overflow parking. We consider if this area were marked, it would provide an additional 20 spaces creating a car parking ratio of 1:270 sq ft.
We provide details of the office specification below:
- Lift access
- Recessed floorboxes and perimeter trunking
- Category 3 lighting
- Comfort cooling
- Barrier entry to car park
Location
The Property is situated on Normandy Road on Morfa Industrial Estate, which is located off Brunel Way opposite The Liberty Stadium.
The property is adjacent to the well established Morfa Retail Park which offers a range of amenities including KFC, Starbucks and Morrisons and a host of retailers such as Boots, Next, B & Q and TK Maxx.
The Property benefits from a strategic location within a five minute drive of the M4 and within 5 minutes of Swansea City Centre and close to Swansea Enterprise Park.
Tenure
Long Leasehold - 94 Years Unexpired
Tenancy
Part of the property has been sold off on a long leasehold basis on a peppercorn rent (marked in blue on the Site Plan).
This long leasehold terminates three days prior to the expiry of the long leasehold interest for sale.
VAT
Refer to the legal documentation
Energy Performance Certificate
D-86 - Please see the Legal Pack for the EPC Certificate
Note
Tenure:
The property is held under four separate long leasehold titles terminating June 2116. Two of the titles are paying a peppercorn rent whilst two are paying £1,600 per annum and £2,650 per annum respectively. The ground rent is reviewed on a five yearly basis to open market rent with the next rent review 24/06/2021(Outstanding). The 2016 rent reviews were settled in 2019 at nil increase. Please see the legal pack for more information.
Annual Ground Rent
£4,250 - reviewed every 5 years
Contact
Joint auctioneers
* 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.
Loading the bidding panel...
The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Joint Agent
Office Contact
Related Documents
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
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.