25 new homes planned for former car showroom
THE long-running saga over a city centre white elephant could soon be over.
A plan to build 25 new homes in the Pool Sanctuary building has been submitted after three local organisations linked up.
Now West Register (Property Investments) Ltd represented by Lambert Smith Hampton (LSH), working alongside Swansea Council and Coastal Housing, have jointly agreed a deal that could see the building on The Kingsway completely transformed.
Plans have been put together 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.
Gerraint Oakley, director of development at Coastal Housing said: "We are delighted to have completed this deal with LSH and the City and County of Swansea and look forward to submitting a planning application to provide affordable housing in a vibrant and sustainable location."
The building was first developed in the 1960s as a car showroom then later converted into offices for Welsh Water with the Potter's Wheel pub located on the ground floor.
Lee Mogridge LSH regional director who acts as asset manager on behalf of West Register said: "With the two floors of offices vacant for some time now the building has fallen into disrepair and unfortunately become landmark for all the wrong reasons, considered an eyesore by locals which is why we are delighted at the prospect of this development going ahead."
It is hoped the application will see an end to the long and costly issue of filling the building.
In May 2004 Swansea Council signed has a 10-year lease on the site, and paid £50,000 a year on the lease until 2008 after plans to turn it into a gym were dropped.
The deal was signed by the council in 2004, but was dropped amid claims that the building was not suitable to support the weight.
In 2008 a deal was struck for nightclub Vice Rock Club to take over the site after an plan for the building to house a snooker club fell through.
However, since January 2012 the building has been empty, with the council once again paying the lease.
A council spokesman said: "We welcome this deal for the building because it will bring an empty city centre property back into use."