Lot 20 - Multi use site at Trallwn Road, Llansamlet, Swansea, SA7 9WL
- Unconditional Online Auction Sale
- Guide Price* : £285,000+
- Bedrooms: 0
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Lot 20 - Tenanted Multi Use Site
Description
ONLINE AUCTION FROM 4TH FEBRUARY - 6TH FEBRUARY 2025
A multi use site comprising of two income streams with the potential for further income. The site is a tringle shaped parcel of land. At present the site is achieving £3,000 a month with further potential.
Unit 1: Car Sales Yard
To the left of the site is a fenced car sales yard. The site has been occupied as a car sales garage for approximately 16 years. The current tenants have occupied the site since August 2024. They currently have a 1 year lease and are paying £1,200 a month rental.
Unit 2: Hand Car Wash
The centre of the site had a covered area previously used as a petrol station. The site is now being occupied by a hand car wash. The tenants have a 5 year lease and are paying a monthly rental of £1,800 a month.
Unit 3: Advertising Board
To the right of the site there is an advertising board. This board fronts Trallwn Road, one of the main thoroughfares through the area. This is currently vacant but was previously rented at £100 a month.
Services
The property benefits from electric and water (not tested).
VAT
We have been advised that there is no VAT due on the sale of this property.
VIRTUAL TOUR
Tenancy
| Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
|---|---|---|---|---|
| Car Sales | FRI | August 2024 - August 2029 | 1 years | £1,200 pcm |
| Hand Car Wash | FRI | August 2024 - August 2029 | 5 years | £1,800 pcm |
| Advertising Board | Vacant | Vacant | Vacant | Vacant |
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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