Lot 79 - 60A Bernard Street, Swansea, Swansea, SA2 0HS

  • Unconditional Online Auction Sale
  • Guide Price* : £230,000+

Lot 79 - Commercial Building with Planning for Residential

Description

ONLINE AUCTION from 30th AUGUST-1st SEPTEMBER

The site is briefly comprised of a former recording studio and two out-buildings which were previously used as office and studio facilities. Additionally, there is a large yard to the rear which subject to the relevant consents could offer parking spaces, or scope for additional development.

As the property is currently a commercial building it may able be suitable for a variety of uses such as a microbrewery, recording studio or storage. Subject to the relevant consents, this property may make an ideal investment for residential housing, AirBnB or student accommodation.

Location
Located in a prime position in Swansea, close to Swansea University, Singleton Hospital and a short walk from the beach. The site is approximately 485sqm, (5214sqft) and includes a two storey former recording studio GIA 184sqm (1981sqft), and there is a further two storey building GIA 146sqm (1572sqft).

Planning Permission
The property currently has outline planning permission for one pair of semi-detached dwellings – planning reference 2021/0998/S73. Furthermore, outline planning permission has been granted for two residential flats – planning reference 2020/1498/S73.

Services
The site is secure and we have been informed that water, power and drainage services all connected.

Business Rates
Current rateable value is £1,300. The property is classified as 'Store and premises'.

VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor)

VIRTUAL TOUR:

Accommodation

Floor Area Sq Ft Area Sq M
Two Storey Former Recording Studio 1,981 184
Two Storey Building 1,572 146
Total Site 5,214 485

Outside: Yard

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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