25 new city centre homes planned for old Pool Sanctuary
TWENTY-FIVE new homes could soon be built in the old Pool Sanctuary building.
West Register (Property Investments) Ltd represented by Lambert Smith Hampton (LSH), working alongside Swansea Council and Coastal Housing, have jointly agreed a deal that will see the building in The Kingsway completely transformed.
Planning has been submitted to refurbish and extend the property above Wetherspoon’s Potter’s Wheel pub, which will remain open at the site, to create affordable one and two bedroom apartments for rent.
In May 2004 Swansea Council signed a 10-year lease on the site, and paid £50,000 a year on the lease until 2008. But plans to turn it into a gym to replace the one at the then closed Swansea Leisure Centre were later ditched.
In 2008 a deal was struck for nightclub Vice Rock Club to take over the site after another plan for the building to house a snooker club fell through.
Under the new plans the three-storey property will be renovated inside and out, turning two floors (circa 14,000 sq ft) of dilapidated office space into residential accommodation as well as adding a fourth storey.
Lee Mogridge, LSH regional director who acts as asset manager on behalf of West Register, said: “West Register is a significant commercial property landlord in Swansea with a strong foothold in the city whilst the council is the largest owner of freehold interests. Together the two have completed a complicated yet effective arrangement that with Coastal on board should breathe new life into the city centre and pave the way for further successful public/private partnership initiatives.”