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ONLINE AUCTION from 16th MAY-18th MAY
The property comprises a substantial size mid terraced, three storey, commercial property previously used as a banking premises.
The premises affords a prominent main road position within an established commercial location, fronting the prime retail area of Woodfield Street. The premises also offers potential for redevelopment (subject to the necessary statutory consents). The current vendor has had architectural plans drawn for two commercial units to the ground floor, and seven flats.
There are parking facilities to the rear which is accessed via a lane accessed directly off Pentrepoeth Road.
We have been informed that local grants may be available to aid with the redevelopment of this property.
Woodfield Street is the main/primary trading location in Morriston, which is an established urban district, approximately 3.5 miles north of Swansea city centre. The character of the surrounding area is predominantly commercial in nature.
Neighbouring occupiers include The Post Office, Cooperative Funeral Care and The Job Centre as well as a number of local independent traders.
The Tawe Vale and Swansea Enterprise Park commercial developments are located close by and Junction 45 of the M4 motorway is approximately 1.5 miles to the north, via the A4067.
The property benefits from gas, water and electric (not tested).
We have been advised that there is no vat.
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Outside: Parking spaces to the rear
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
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 £1,200) 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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