Lot 49 - 49 Mansel Street, Swansea, SA1 5SW
- Unconditional Online Auction Sale
- Guide Price* : £325,000+
- Bedrooms: 0
Waiting for video...
View a Walkthrough of the Property
Lot 49 - Commercial Investment
Description
ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY
A substantial property that is prominently located on the A4118, on a corner with Page Street and where Mansell Street joins with Walter Road. The area is a busy commercial district, particularly popular with residential and commercial property agents.
Swansea has a population in excess of 250,000. It has a two thriving universities supporting around 30,000 full-time students and is well served with motorway links via the M4 corridor and high speed train links to Cardiff, Bristol and London.
Swansea is currently undergoing regeneration with plans for new transport hubs, market revamps, and cultural quarters.
Tenancy
| Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
|---|---|---|---|---|
| Peter Alan Ltd | FRI (To be confirmed) | 25th December 2024/24th June 2030 | 5.5 Years | £16,500 per annum |
| Flat 1 | Occupational Tenancy | 28th March 2024/27th Marc 2025 | 1 Year | £9,000 per annum |
| Flat 2 | Occupational Tenancy | 26th October 2020/25th April 2021 | 6 Months | £9,000 per annum |
| Flat 3 | Occupational Tenancy | 25th November 2023/24th November 2025 | 2 Years | £9,300 per annum |
| Flat 4 | Occupational Tenancy | 10th February 2025/9th February 2026 | 1 Year | £9,000 per annum |
| Total | £52,800 per annum |
Tenancies
The property is let to Peter Alan estate agents, part of the Connells group, the largest estate agency network in the UK.
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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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...
Viewing
Office Contact
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
Log in to view legal documentsRelated Documents
Virtual Tour
Virtual TourAuction 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
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.