Lot 14 - Banwell Court, Banwell Street, Treforys, Abertawe, Swansea, SA6 7BU

  • Unconditional Online Auction Sale
  • Guide Price* : £275,000+
  • Bedrooms: 12

Lot 14- Residential Investment

Description

ONLINE AUCTION from 24th JUNE-26th JUNE

Introducing Banwell Court a block of 6 x 2-bedroom flats situated in the area of Morriston, Swansea. Each flat offers a comfortable and inviting living space for those seeking a long-term rental and is a perfect investment opportunity.

The flats boast a modern design with a spacious layout, perfect for individuals or small families. The nearby amenities in Morriston provide convenience and ease of access to local shops, restaurants, and transport links. With a council tax band of A, this property offers great value for money for tenants.

Located in a quiet residential area, Banwell Court is ideal for those looking for a peaceful retreat while still being within reach of the bustling city centre. Whether you enjoy leisurely walks in the nearby parks or exploring the historic landmarks in the area, there is something for everyone to enjoy.

Currently letting at £750pcm per flat. Fully let total income £54,000, commanding an exceptional yield of 18%.

Flats are leasehold - 99 years from 25 March 1976, so 50 years remaining. We have been informed that you can purchase the freehold for the 6 x flats (Please review legal pack).

The site also offers further scope for a larger development of flats in the future (STPP).

Close to the city centre, a major suburb of Swansea. A short distance away from schools and the local amenities of Morriston with its convenience stores, banks, restaurants and takeaways. It is on a good bus route and close to major employers at the DVLA, Morriston Hospital, Swansea Enterprise Park and Morfa Retail Park. Also located nearby is the Swansea.com football stadium, home of Championship team Swansea City AFC. Morriston is well accessed via A4067, A48, B4603 and lies approximately 3miles north-east of Swansea. Easy access to the M4 motorway (junction 45).

VIRTUAL TOUR

Tenancies

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.

Tenure

Advised Leasehold - 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.

Loading the bidding panel...

Want Auction updates? Sign up here

Viewing

Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper

Documents

Related Documents

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.

Follow