A leader of Swansea’s business community claims there is ‘robust growth’ within the city centre’s commercial property sector sparking optimism about the future.
Russell Greenslade, Chief Executive of Swansea Business Improvement District (BID), made his confident assessment after Dawsons Property revealed that eight vacant city centre units have all been snapped up by businesses in the past few weeks.
“Swansea city centre’s commercial activity is showing robust growth which is a positive sign,” said Mr Greenslade.
“Investors are looking to the city centre for opportunities as a result of the very real regeneration plans we have in place and committed to starting in 2017.
“These are exciting times for the city centre which is very much open for business so I truly encourage investors and businesses to continue looking at Swansea city centre as an area of growth and opportunity.”’
The commercial units which have been let include the former Windsor Café in Craddock Street (sale agreed) and two units in Union Street.
There is also one in Picton Arcade as well as two in Oxford Street and another two in Nelson Street.
The Dawsons deals are a big boost to the city according to the leading Swansea estate agents.
“The recent lettings we have secured in the city centre is a sure sign that local businesses feel that the city is developing in the right direction,” said Andrew Cox, Surveyor in Dawsons Commercial Department.
“With the draft bill for an alteration in business rates in place for 2017, this reaffirms that the local authority is doing their best to help keep the city a vibrant and diverse place for consumers to shop, and I’m hopeful that 2017 will be another strong year for local business.
“2016 has seen further development for student accommodation in the city centre, and with the redevelopment of the Oceana Nightclub, this will only attract more local business to the area.”
Dawsons’ recent commercial deals:
28 Union Street: recently let to a fully trained chef planning to offer hearty homemade food.
30 Union Street: ChurroShake – similar to the chocolate kebab house in Morriston. Offering sweet treats for children and adults alike.
2 Picton Arcade: Deluxe Vapours – Offering upper market vape fluids for evape pens.
First & Second Floor 225 Oxford Street: different tenants on each floor. First floor Tenant offers hair styling solutions. The second floor tenant offers bespoke makeup services.
Windsor Café, Craddock Street: expected to be turned into a restaurant.
6a Nelson Street: First Floor evape shop called Flavour Vapour.
8 Nelson Street: recently Let to Skin n Ink who are moving premises from Mansel Street.