Offers in region of
stamp duty: £150,000
mortgage fees: £1,500
conveyancing fees: £287,000
NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
Please note that this is an off-market opportunity that is available to qualified buyers only.
Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.
Opportunity to acquire a 0.75 acre development site in Maritime Quarter, Swansea, with planning to build a purpose-built student accommodation (PBSA) block of 4 to 6 storeys high, plus duplex, incorporating 287-beds with ancillary communal facilities, 3 commercial units (classes A1/A3), 47 space under-croft car park, servicing area, associated engineering and landscaping works.
The site is located in the desirable Maritime Quarter, on the Swansea harbour, a 10 minutes walk to the city centre and 23 minutes by bus to the Swansea University campus.
Swansea University boasts over 20,400 students (in the 2017/18 academic year), having increased in student numbers by over 27% from 2014/15 to 2017/18 (Source: HESA). 86% of students at Swansea University are from the UK, 5% are from the EU and 8% are non-EU international students. Student rents grew by +2.1% in 2018/19 (Source: Knight Frank). Applications to Swansea University have grown by 60% over the past three years and Swansea University has embarked on a large campus development programme; investing £450M in a new state-of-the-art Bay Campus and expanding the Singleton Park Campus.
The Maritime Quarter development plans comprise:
The site has been cleared as there is historical planning permission for a hotel. Contamination was identified but we are advised that this has been capped.
S106 obligations of £35,000 would be due at the start of construction.
The vendor is seeking offers in the region of £5,000,000 and will require a £50,000 payment to enter into a lock out agreement upon an offer being accepted.
Please contact our sales team for further details.
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
Swansea is a coastal city and county in Wales and is the second largest city in Wales. It lies within the historic county boundaries of Glamorgan and the ancient Welsh commote of Gŵyr on the south-west coast.
Junctions 44 to 47 of the M4 motorway pass by Swansea and together with the A48 it connects the town with Neath, Port Talbot and Cardiff, as well as Carmarthen.
Swansea railway station runs local services which are run by Transport for Wales, as well as services calling at Llanelli, Carmarthen, Haverfordwest, Milford Haven, Tenby, Pembroke Dock and Fishguard Harbour, where it connects with the Stena Line to Rosslare Europort and Irish Rail to Dublin Connolly. Other trains run to Shrewsbury on the Heart of Wales Line, whilst Great Western Railway runs services to Cardiff Central, Newport, Bristol Parkway, Swindon, Reading and London Paddington. The nearest international airport is Cardiff Airport which is about 40 minutes away by road or 70 minutes by rail.
Swansea is the perfect location for a number of outdoor activities including sailing, water skiing, surfing, walking and cycling. A range of traffic-free cycle routes are accessible via parts of the Celtic Trail and the National Cycle Network. Whilst other routes go along the seafront and through the Clyne Valley Country Park.
Swansea Bay has a 5-mile coastline which includes a beach, promenade, children’s lido, leisure pool, marina and maritime quarter featuring the National Waterfront Museum and Swansea Museum. Other attractions are Oysermouth Castle, Clyne Gardens, Plantasia, Glynn Vivian Art Gallery, Dylan Thomas Birthplace and Swansea Market.
Quadrant shopping centre and Oxford Street offer a range of well-known high street brands as well as independent shops, whilst Parc Tawe offers larger home and food stores.
Swansea University is a public research university with 8 colleges across its two campuses, located on the coastline of Swansea Bay. Its engineering department is recognised as a centre of excellence with pioneering work for solving engineering design problems, whilst its physics department is renowned for its research achievements in theoretical physics. Other departments including history, computer science and German have been awarded ‘excellent’ inspection ratings.
Whilst Swansea was originally the developed as the centre for metals and mining it is now home to other large employers such as Admiral Group, HSBC, Virgin Media, Abertawe Bro Morgannwg University Health Board, BT and Amazon.co.uk. It is also home to the DVLA headquarters in Morriston employing around 6,000 people. Virgin Atlantic also has its largest worldwide contact centre in Swansea.
Point of reference - not exact location,
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