Lot 24 - Port Tennant Kebab & Pizza, 1 Wern Fawr Road, Port Tennant, Swansea, West Glamorgan, SA1 8LQ
- Unconditional Online Auction Sale
- Guide Price* : £34,000+
- Bedrooms: 0
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Lot 24 - Commercial Investment
Description
ONLINE AUCTION from 15th APRIL-17th APRIL
The property is located in the ever so popular area of Port Tennant, Swansea. Its location offers convenient access to the M4 Motorway, Swansea City Centre, Swansea University and the SA1 Waterfront.
The commercial property is tennanted to Port Tennant Kebab and Pizza at the end of 2024 and has a 3 year lease for £485PCM , the property is located over the ground floor and has direct access off the main trunl road at Port Tennant.
The property has gone under a works improvement with the tennant and the business traded at the same premises prior to being granted a new lease in 2024.
The area offers great demand for the business and the lease offers a secure income for the new buyer. There is scope to increase the rent over time .
Tenancies
The property is tenanted (Kebab and Pizza shop) til the end of 2027 and has a 3 year lease for £485PCM ,
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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Auction Finance
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.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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