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.
Ground Floor: Bar, lounge, female wc, male wc
Basement: Former cellar
First Floor: 4 bedrooms, kitchen, living room, bathroom
Outside: Courtyard to rear
To be sold with vacant possession
Advised Leasehold - to be verified by solicitor
112 years remaining
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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