Pearl Assurance House, Swansea, Wales

Pearl Assurance House was constructed in the mid 1950's and comprises six retail units, first and second floor offices with separate access and 9 parking spaces in a private service yard in the rear.

It has an extensive frontage in a prominent position in the main Swansea retail node on the corner of Princess Way and The Kingsway.

The property currently is held on a long lease from the Swansea City Council, terminating in December 2052 at a fixed ground rent. Agreement is in place with the Council's Estates Department to extend this lease for a further period of 125 years.

The value of the property is being enhanced by improving the retail tenant income and profile.

In addition, a planning application is in the process of being submitted to convert the upper office floors to residential.