Lot 42 - 1A Wern Fawr Road, Port Tennant, Swansea, West Glamorgan, SA1 8LQ

  • Unconditional Online Auction Sale
  • Guide Price* : £29,000+
  • Bedrooms: 2
  • Bathrooms: 1

Lot 42 - Apartment for Owner Occupation/Investment

Description

ONLINE AUCTION from 15th APRIL-17th APRIL

A large first floor two bedroom apartment centrally located in Port Tennant, Swansea

The Apartment compromises of Lounge/Kitchen Area with a utility off also. A bathroom with a shower over bath, and two large double bedrooms.

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.

To the first floor the flat contains a lounge/kitchen, utility room, bathroom and two bedroom. To the second floor the flat contains a lounge/kitchen, bathroom and bedroom.

The Apartment offers a great investment opportunity with a long term tenant in the area would pay between £800-£925PCM dependant on the quality of the refurbishment, there is a high demand from working professionals in the area and also with its close links to the local university and marina making it a central location.

An apartment next door has turned their unit into a service accommodation unit and rents to local contractors in the week and guests visiting Swansea at weekends, there is more work in the letting of this however the rental returns on a apartment in good quality in this area on a serviced accommodation would be near 18k per annum there are local agencies that can provide management services for this.

You could also purchase and refurbish and re-sell again much demand for first time buyers and local investors wanting newly refurbished stock, prices in the area are high and if the apartment could be refurbished to a high standard then a good return on investment would be gained.

Council Tax Band

A

Tenancies

To be sold with vacant possession however could potentially achieve for the the area between £800-£925PCM dependant on the quality of the refurbishment

Tenure

Advised Leashold - 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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Sean Roper

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If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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