Lot 73 - 76 Walter Road, Abertawe, Swansea, SA1 4QA

  • Unconditional Online Auction Sale
  • Guide Price* : £625,000+
  • Bedrooms: 0

Addendum

Please note: The guide price has been reduced and some changes on the description.

Lot 73 - Former Nightclub and Adjoining Office Building with Planning for 9 Residential Apartments

Description

ONLINE AUCTION from 16th MAY-18th MAY

The property comprises two buildings with detailed planning for nine residential apartments. Positioned on a corner plot, there is access to the rear of the property from Westbury Lane to ample onsite parking, with potential for further development (subject to necessary planning consents).

The plot includes all technical drawings (Architectural, MEP and Structural) and all required surveys (Bat, Asbestos, Acoustic survey and Party Wall agreement) making this plot a plug and play property for a keen developer.

*** 56 day completion ***

Location
Situated close to Swansea city centre with far reaching views to Swansea Bay from the rear of the property. Positioned on a corner plot, there is access to the rear of the property from Westbury Lane.

Planning
The current planning proposal can be found on Swansea Council planning portal under references 2022/2678/S73 & 2022/2290/NMA. Planning has been granted for nine apartments, seven, 2 bedroom and two, 1 bedroom.

Business Rates
The property is no longer on the ratings website.

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 £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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Joint Agent

Howard Bowes
02920676716

Office Contact

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Paul Fosh Auctions
01633 254044

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