Waiting for video...
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.
A
The property is tenanted and is achieving £36,240 per annum.
Advised Freehold - to be verified by solicitor
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.
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.