Lot 94 - 6 West Street, Gorseinon, Swansea, SA4 4AA

  • Unconditional Online Auction Sale
  • Guide Price* : £290,000+
  • Bedrooms: 4

Lot 94 - Mixed Used Property for Investment

Description

ONLINE AUCTION from 4th FEBRUARY-6th FEBRUARY

A mixed use freehold property comprising of a commercial unit and three flats. The property is tenanted and is achieving £36,240 per annum.

The ground floor features a commercial unit currently occupied by the popular barber shop, Trimology. This space has been refurbished to a high standard, boasting an open-plan layout with a pool table and seating area at the front, and treatment stations towards the rear.

The first floor comprises three recently refurbished residential flats: two one-bedroom and one two-bedroom. Each flat includes a kitchen, dining area, bathroom, and master bedroom, all finished to a high standard.

Location
This property occupies a prominent position on West Street, one of the busiest streets in Gorseinon, approximately 5 miles northwest of Swansea and easily accessible via the M4. The area is home to both local and national occupiers, enhancing its investment appeal.

VAT
We have been advised that there is no VAT applicable on the sale of this property.

Council Tax Band

A

Tenancies

The property is tenanted and is achieving £36,240 per annum.

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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