For Sale - Freehold/ Long Leasehold Roadside Investment: Europcar Rental Station 46- 50 Oxford Street - AWS
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For Sale ON BEHALF OF B P LOVELL AND R J GOODE; JOINT FIXED CHARGE RECEIVERS 46 – 50 Oxford Street Swansea, SA1 3NT Freehold/ Long Leasehold Roadside Investment: Europcar Rental Station 08449 02 03 04 gva.co.uk/14381
Highlights Investment Summary Location
Swansea, the second largest city in Wales, is an attractive
– Freehold/999 year leasehold – Freehold/999 year leasehold.
and lively city on the south coast of Wales, 40 miles (64 km)
– Rental income – £26,000 pax west of Cardiff.
–L
et on FRI terms to Vanguard
Excellent transport links via M4 motorway and mainline
– Europcar lease until 2021 Rental (UK) Limited rail service to Bristol and London Paddington.
–S
ite area 0.124 hectares [Europcar Group UK Limited]. Property is situated on Oxford Street in a secondary
(0.306 acres) location to the west of the prime shopping area within
–L
ease term expiring 12 June a mix of retail and residential uses.
– 3,182 sq ft
2021 (3 years unexpired).
–O
pportunity for potential
redevelopment at lease –C
urrent passing rent of £26,000
expiry STP per annum exclusive.
– Offers invited
– Subject to contract
Further information available
at gva.co.uk/14381
THE PROPERTY
08449 02 03 04 | gva.co.uk/14381 Europcar Rental Station | 46–50 Oxford Street, Swansea, SA1 3NT > >
Description
THE PROPERTY
–T
he property comprises a vehicle rental station
currently occupied by Europcar with parking
for 31 vehicles.
– There are two main buildings on the site.
–P
urpose built office and reception and workshop
with the benefit of 31 vehicle parking spaces.
– Site area of 0.306 acres (0.124 hectares).
–T
here is also a lightweight timber/corrugated
plastic sheet lean-to wash bay.
THE PROPERTY
08449 02 03 04 | gva.co.uk/14381 Europcar Rental Station | 46–50 Oxford Street, Swansea, SA1 3NT > >
Swansea
Schedule of Accommodation
AREA AREA
DESCRIPTION (SQ M) (SQ FT)
Office 92.9 1,000
Workshop 202.7 2,182
Total 295.6 3,182
Site area 0.124 hectares 0.306 acre
Parking 31 vehicle spaces
Tenure
–T
he property is held part freehold and part 999 year
leasehold. Land Registry Titles entries and plans are
Experian Goad Plan Created: 10/07/2018 available for download at gva.co.uk/14381
Created By: GVA
50 metres
For more information on our products and services:
–L
et in its entirety to Europcar Group UK Limited on
Copyright and confidentiality Experian, 2017. © Crown copyright and
database rights 2017. OS 100019885
www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601 6011
a Full Repairing & Insuring lease from 13 June 2006,
expiring 12 June 2021.
–T
he current rent is £26,000 per annum exclusive.
Tenant Covenant
The property benefits from a lease vested in Europcar Group
UK Limited.
Europcar has a Creditsafe rating of 75/100 which represents
a very low risk.
YEAR TO DATE TURNOVER PRE TAX PROFIT
EUROPCAR
31/12/2016 £333,379,000 £13,186,000
GROUP UK
LIMITED 31/12/2015 £343,567,000 £25,224,000
31/12/2014 £331,251,000 £21,131,000
08449 02 03 04 | gva.co.uk/14381 Europcar Rental Station | 46–50 Oxford Street, Swansea, SA1 3NT > >
Planning
We assume the property has planning permission for its current
use as a vehicle rental station and workshop premises.
Prospective purchasers are advised to make their own planning
enquiries of Swansea Council.
Rateable Value
We understand the property is assessed for rating purposes
in the 2017 list as:
“Vehicle repair workshop and premises” with a rateable value
of £11,946.
Prospective purchasers should make their own enquiries
of Swansea Council into the actual uniform business
rates liability.
Energy Performance Certificate
Available upon request.
Proposal
Offers invited for the freehold/long leasehold interest.
Guide price on application.
VAT
We are informed by HMRC that there is an option to tax
in place in respect of the property. In principle, the sale
can be done as a TOGC.
08449 02 03 04 | gva.co.uk/14381 Europcar Rental Station | 46–50 Oxford Street, Swansea, SA1 3NT > >
For further information, please contact:
Andrew Capes
T 0117 988 5234
M 07584 108045
E andrew.capes@gva.co.uk
Louis Maxwell
T 0117 988 5238
M 07956 097219
E louis.maxwell@gva.co.uk
Property ref:
gva.co.uk/14381
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GVA GVA hereby gives notice that the information provided (either for itself, for any joint agents (3) No person in the employment of GVA, or any joint agents, has any authority to make
or for the vendors lessors of this property whose agent GVA is) in this brochure is provided or give any representation or warranty whatsoever in relation to the property or properties
St Catherine’s Court, Berkeley Place, Bristol, BS8 1BQ on the following conditions: in this brochure.
(1) The particulars are set out as a general outline only, for the guidance of intending (4) All prices quoted are exclusive of VAT.
0117 984 2400 purchasers and/or lessees and do not constitute an offer or contract, or part of an offer (5) GVA shall have no liability whatsoever in relation to any documents contained within
or contract. the brochure or any elements of the brochure which were prepared solely by third parties,
GVA is the trading name of GVA Grimley Limited. (2) All descriptions, dimensions and references to this property’s condition and any and not by GVA.
©2018 GVA necessary permission for use and occupation, and any other relevant details, are given
in good faith and are believed to be correct. However, any intending purchasers or tenants
Particulars dated July 2018 should not rely on them as statements or representations of fact but satisfy themselves
of their correctness by inspection or otherwise.
Europcar Rental Station | 46–50 Oxford Street, Swansea, SA1 3NT > >
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