**Empty Swansea City Centre Building Listed for Sale Amidst Major Regeneration Efforts**
A prominent building within Swansea city centre, vacant for several months, has been placed on the market for £875,000. The structure at 64-65 The Kingsway has long been criticised by local residents and businesses for hindering the area’s transformation, but now offers fresh scope for redevelopment as part of the wider regeneration of this important urban corridor.
Previously the home of the Principality Building Society, the property’s corner site has become increasingly noticeable after the organisation moved its operations to Oxford Street, Swansea’s bustling retail destination, earlier this summer. As surrounding developments progress at pace, the empty building now presents a unique developmental opportunity in the heart of the city.
The Kingsway itself has undergone significant changes in recent times, most notably with the construction of 71/72 The Kingsway—a state-of-the-art, multi-million pound office development that sits just a few doors away from the idle building now available for purchase. The new offices, expected to accommodate up to 600 jobs, underscore Swansea’s ambitions for business growth and urban renewal, attracting major tenants like IWG, TUI, and Futures First. In this context, the vacant property stands out as an anomaly amid positive progress.
According to Cooke & Arkwright, the agents overseeing the sale, 64-65 The Kingsway is arranged across five storeys, offering potential buyers a combination of commercial and residential accommodation. The ground floor comprises a retail unit, styled as a former bank but suitable for a range of business uses, while the basement provides further commercial space, benefiting from a separate rear entrance onto Picton Lane.
Across its upper levels, the building boasts seven residential flats—three two-bedroom units on the second floor and four one-bedroom apartments occupying the third floor. Each has separate access from a central communal reception area, with facilities that appeal to both investors and prospective residents alike. A lift system serves all floors except the ground-level retail space, enhancing accessibility and convenience.
The building’s strategic location on one of Swansea’s main arterial roads is another key selling point. The Kingsway links directly with the city centre and is only a short walk from the city’s main shopping district. The neighbourhood offers a wide range of amenities, including cafes, restaurants, student accommodation and office developments, fostering a vibrant urban environment.
Stakeholders in Swansea’s city centre regeneration have long argued that vacant and underutilised properties such as this one must be brought back into productive use if the area’s transformation is to succeed. The listing of 64-65 The Kingsway has therefore been welcomed by regeneration advocates who hope a new owner will breathe life back into this prominent address.
However, questions remain about the timetable for potential redevelopment. While the property’s flexibility—combining retail, commercial, and residential spaces—broadens its appeal, significant investment may be required to modernise facilities and secure long-term tenants. Whether a sale can be agreed soon enough to maintain momentum in The Kingsway’s renewal remains to be seen.
For now, the building’s future hangs in the balance, poised between its current idle state and the possibility of becoming a vital contributor to Swansea’s ongoing urban renaissance. Locals and stakeholders alike will be watching closely as the marketing process unfolds, hoping that change is finally on the horizon for this pivotal city centre address.