A historic building in Swansea, formerly known as Studio 95, is now on the market. This location, once infamous as a gentlemen’s club, has transformed into a six-room, 27-bed hostel called The Studio.
Transformation of The Studio
Michael Border, a local property developer, remodeled the building into a budget-friendly hostel, a coffee shop, and a bar. The renovation was completed in 2023, with rooms priced at £20 per night. Each room retains original names linked to its former use: Play, Lemon, Blue, Gold, VIP, and Studio.
Current Sale and Property Details
Prime Property Auctions is now marketing The Studio for sale with an opening bid of £315,000. The listing highlights the inviting entrance, bar/social area, and practical storage room. Each of the six spacious bedrooms is equipped with an en-suite bathroom.
Investment Potential
- Total capacity: 27 beds
- Average room rental: £70 per night
- Potential annual income: £482,895 at 70% occupancy
- Located in a prime area with high foot traffic and transport links
The property is noted for its excellent potential for investors or business owners looking for a straightforward purchase. With amenities nearby, it is strategically priced to encourage a swift sale.
Future Plans for the Area
In addition, Michael Border recently relinquished the lease for the Swiss Cottage project in Singleton Park. This plan included a cafe-restaurant, street food kitchen, and space for community activities. Swansea Council continues to seek a future for the iconic building.
For those interested in acquiring The Studio, the listing is available for review on El-Balad.
