Lot 45 - 4 Nyanza Terrace, Abertawe, Swansea, SA1 4QQ

  • Unconditional Online Auction Sale
  • Guide Price* : £345,000+

Lot 45 - Development Opportunity

Description

ONLINE AUCTION from 26th JULY-28th JULY

A substantial freehold building (which was formerly a 14 bedroom hotel) with planning for 5 self contained apartments. The property has most recently traded as a hotel and may suit a tourism use or serviced apartments or possibly a HMO (Subject to necessary planning consents).

The property is situated in the vibrant area of Uplands which is popular with Homeowners, Investors and students. The area has a good range of amenities and shops and a selection of restaurants and pubs and coffee Shops. The City of Swansea is currently enjoying a huge amount of regeneration and investment including phase one of the Swansea Central Plan which includes the new indoor arena Homes and Business premises.

VIRTUAL TOUR

Accommodation

Ground floor: Entrance, reception, rooms 1, 2, 3 and 4, former laundry room and access to courtyard
First floor: Rooms 5, 6, 7, 8, 9 and 10
Second floor: Rooms 11, 12 and 13
Lower ground floor: Room 14
Outside: Forecourt, courtyard and two garages

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. 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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Joint Agent

Ramsey & White

Office Contact

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Paul Fosh Auctions
01633 254044

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