Lot 48 - 23 The Promenade, Swansea, SA1 6EN

  • Unconditional Online Auction Sale
  • Guide Price* : £163,000+
  • Bedrooms: 8

House for Owner Occupation/Investment

Description

ONLINE AUCTION from 8th MARCH-10th MARCH

This mid terrace eight bedroom HMO will be sold with vacant possession and requires updating. Located in a pleasant street with far reaching views across Swansea coastline the property would make an ideal family home or investment. Accommodation provides eight rooms, communal kitchen and lounge/dining room, cloakroom, two bath/shower rooms set over three floors. There is a front garden and rear hardstanding for parking. Swansea University is close by. Excellent commuter links can be found via the M4.

Previous rental was £225/£250 per room giving a minimum annual income of £21,600. The property will be sold with vacant possession which will allow for refurbishment and an increase in rental income.

Swansea is the second largest city in Wales. Gower was the first place in Britain to be named an Area of Outstanding Natural Beauty (AONB). With cliffs and woodlands ringed by sparkling beaches, the Gower peninsula is so adored by walkers, birdwatchers, sunbathers and surfers, this 70-square-mile (180sq km) paradise has been scooping awards ever since. The dramatic landscape of the Gower Peninsula must be seen to be believed. There are numerous attractions to enjoy in this remarkable outcrop of land. Three Cliffs Bay is regularly voted one of the most dramatic locations in Britain, requiring a 20 minute walk to reveal its true splendour. The huge sweep of Rhossili Bay, featuring the broad expanse of Llangennith Beach is equally awe-inspiring - it's as if you’ve reached the furthest point of land on the planet.

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 adrian@paulfoshlettings.com for invaluable advice.

VIRTUAL TOUR

Accommodation

Ground Floor: Hallway, kitchen, dining room/lounge, cloakroom, 2 bedrooms
First Floor: Landing, shower room, bath/shower room, 4 bedrooms
Second Floor: Landing, 2 bedrooms
Outside: Front garden, rear hardstanding for parking

Tenancies

To be sold with vacant possession

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 of 1.2% of the purchase price (subject to a minimum of £975) 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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Paul Fosh Auctions
01633 254044

Office Contact

Angie Davey

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