Lot 37 - 86 High Street, Swansea, SA1 1LW

  • Unconditional Online Auction Sale
  • Guide Price* : £125,000+

LOT 37 - Commercial Investment

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

A former public house located in a prominent position on the intersection of Swansea High Street and Swan street.

The property would make an ideal investment lending itself to re-use as a public house or, subject to the relevant planning permission, a restaurant, gym or conversion into residential accommodation. There may be grants/loans available for re-development of this property.

The ground floor of the property briefly comprises of a bar and lounge area, there are a number of entrances to the property, and access to the rear. The top floor is comprised of four bedrooms, a living room, kitchen and bathroom. There is access to the roof which then provides access to the yard.

The property was previously rent for £18,000 per annum.

The building benefits from a public car park to the rear of the building.

Accommodation

Ground Floor: Bar, lounge, female wc, male wc
Basement: Former cellar
First Floor: 4 bedrooms, kitchen, living room, bathroom
Outside: Courtyard to rear

Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - to be verified by solicitor
112 years remaining

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. 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

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