ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER
A well presented, and well maintained fully licenced HMO. The property is situated in a popular residential location ideal for Swansea city centre and links for the M4 motorway.
The property benefits from double glazing and gas central heating (not tested) and has modern fitted communal kitchen with appliances and white bathroom suite. There are five letting rooms with some well established tenants with currently four of the units let and one vacant.
Ground Floor: Entrance hallway, room 1, room 2, kitchen
First Floor: Landing, room 3, room 4, room 5, bathroom
Outside: Forecourt and rear garden
Room 1 let on AST at £385 per calendar month
Room 2 let on AST at £350 per calendar month
Room 3 is vacant but previously let at £365 per calendar month
Room 4 let on AST at £350 per calendar month
Room 5 let on AST at £350 per calendar month
Total annual income when fully let £21,420 approximately
Advised Freehold - to be verified by solicitor
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. 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.
This auction is now closed.
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