A Swansea site currently let to Scottish and Newcastle and trading as Idols Bar, has been sold by Quidnet Capital through Savills for £1.575m to a private property company.
10 Wind Street is a freehold property in Swansea City centre and covers 32,698 sq ft (3,038 sq m) of leisure space over five floors. It generates an income of £145k per year. Located in a prime leisure pitch, the site benefits from a strong student catchment and resident population.
Ross Griffin, investment director at Savills Cardiff, commented, “We are pleased to have secured new owners for 10 Wind Street on behalf of our client following a successful marketing campaign that generated significant interest in the property.
'The property is centrally located in the heart of the leisure offering of the city, ensuring its continued popularity.”