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180 Ty Nant, SA1 1NE

sq ft Development

Sale

Freehold Site in Prime Swansea with a Positive Pre-Application for a 268 Bed Student Scheme

Key points

  • Freehold 0.82 acre site next to Swansea Railway Station currently occupied by an office building extending to 71,200 sq ft GIA
  • Positive pre-application response for redevelopment into a PBSA scheme providing 268 bed spaces
  • Potential for delivery of alternative 308 bed cluster-led PBSA scheme to comprise 242 cluster bedrooms and 66 studio apartments
  • Swansea University and University of Wales Trinity Saint David have 31,755 students in total, including 26,945 full time
  • The city benefits from a student to bed ratio of 4.5 reflecting strong demand for PBSA
  • Current Swansea population of 247,00 is projected to reach 270,000 by 2036
  • House price growth over the last five years of 23.6%, higher than the UK average of 20.7%
  • Swansea Bay was visited by 4.74 million tourists in 2019, generating £461 million in expenditure
  • Offers are invited on an unconditional and subject to planning basis, by way of an informal tender

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