Lot 36 - 74 Martin Street, Morriston, Swansea, West Glamorgan, SA6 7BL

  • Unconditional Online Auction Sale
  • Guide Price* : £120,000+

Investment Opportunity

Description

ONLINE AUCTION from 20th OCTOBER

A sizable shared occupancy property with five rooms, and a communal bathroom and kitchen. The property also benefits from UPVC double glazing and gas central heating (not tested) throughout. The property is partially let but has historically enjoyed good occupancy levels and is convenient for Morriston town centre, and also offers easy access to nearby retail parks and good road and transport links to Swansea City Centre and the M4 motorway.

VIRTUAL TOUR:

Accommodation

Ground Floor: Room 1, room 2, kitchen
First Floor: 3 rooms, bathroom

Tenancies

4 rooms are currently let
Room 1 is let at £385 per calendar month on AST (£4,620 per annum)
Room 2 is let at £385 per calendar month on AST (£4, 620 per annum)
Room 3 is let at £385 per calendar month on AST (4,620 per annum)
Room 5 is let at £300 per calendar month on AST (£3,600 per annum)
Total annnual income when fully let approximately £22,000

Tenure

Advised Freehold 999 year lease peppercorn ground rent - 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 1.2% of the purchase price (subject to a minimum of £750) 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.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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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Sold for £117,000

This auction lot is now closed.

Auction Ended

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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