Lot 6 - Apartment 49 Meridian Tower, Trawler Road, Maritime Quarter, Swansea, SA1 1JN

  • Unconditional Online Auction Sale
  • Guide Price* : £126,000+
  • Bedrooms: 1

LOT 6 - Apartment for Investment

Description

ONLINE AUCTION from 21st JUNE-23rd JUNE

This landmark contemporary building is the tallest in Wales and is situated in a breath taking position being adjacent to the Marina and only steps from the beautiful Swansea Bay itself. Situated on the ninth floor with direct views across the bay this apartment provides open plan lounge, dining room and kitchen with balcony, one double bedroom, bathroom, store cupboard, entry phone system and lift service. There is a concierge, public car park and shops close by. The top three floors of the building boasts a restaurant with extensive views. The apartment is being sold with tenant in situ currently being rented out at £950 per month.

The Tower, Meridian Quay: A residential tower in Swansea, Wales, United Kingdom. It is the tallest building in Wales. Standing at 107 m (351 ft), Meridian Quay is the only sky scraper in Wales (buildings over 100m tall) and one of several high-rises in Swansea. It is the 105th tallest building in the United Kingdom in joint place with the Shell Centre in the London Borough of Lambeth. The tower has 29 storeys, double the number of the previous tallest building in Swansea, the BT Tower. Most of the tower houses residential apartments. The ground floor has a concierge desk which is staffed 24 hours a day, whilst the top three floors form the Grape and Olive restaurant.

Swansea Bay is a bay on the southern coast of Wales. The River Neath, River Tawe, River Afan, River Kenfig and Clyne River flow into the bay. Swansea Bay and the upper reaches of the Bristol Channel experience a large tidal range. Swansea Beach stretches for five miles along Swansea Bay between the Maritime Quarter and the "Knab Rock" near Mumbles in Wales. It is backed by a promenade/cycle track (part of National Cycle Route 4) and a coastal road.

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 rhys@paulfoshlettings.com for invaluable advice.

VIRTUAL TOUR

Accommodation

Apartment: Open plan lounge, dining area and kitchen, 1 double bedroom, bathroom, storage cupboard
Outside: Balcony area, far reaching coastal views

Tenancies

To be sold with tenants in situ.

Tenure

Advised Leasehold - To be verified by a 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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