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News - 08/03/2013

LSH let second Screwfix store in Swansea

Acting on behalf of Property Investment Swansea, a local development company, we have secured the letting of Unit B New Cut Road, Swansea to Screwfix Direct Ltd.

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We negotiated the deal following the refurbishment of two units contained within one building. Halfords Auto Centres was the first tenant, taking Unit A on a 15 year lease, with Screwfix later occupying the 4,361 sq ft Unit B on a ten year term.

Screwfix is the largest multi channel trade supplier of tools, plumbing, electrical, bathrooms and kitchens in the UK.

New Cut Road is the second Screwfix store to open in Swansea and, prominently located backing on to phase two of the retail park Parc Tawe, it is well placed to serve the city centre market. The first store is located in the Enterprise Park.

Jason Thorne of LSH comments: “Despite difficult market conditions, there are opportunities for re development in and around Swansea and this deal demonstrates the value of refurbishing properties to a high standard and incorporating good quality trade centre frontages.”

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