Auction House / Wales
  • For Sale By Unconditional Online Auction
  • Guide Price* : £199,000
  • Auction Ended 01/03/2022
  • Lot 7

15 Crown Street, Swansea, West Glamorgan, SA6 8BD

FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS MONDAY 28TH FEBRUARY AT 1PM AND CLOSES TUESDAY 1ST MARCH FROM 1PM. REGISTER TO BID!

Description

Residential Investment Opportunity

An opportunity to purchase a mid terraced property comprising of 5 x fully refurbished self-contained one bedroom apartments with potential to add a 6th apartment in the loft space (subject to usual consents) .The entire building has undergone full renovation.

Please note that the building currently has no planning permission for the conversion of the property to 5 residential units and therefore does not comply to the required regulations. The property was purchased in August 2020 and at that time was described and laid out as 3 (formerly 4) flats (1 x gf studio, 1 x gf 1 bed, large ff 3 bedroom flat) which required refurbishment. The upper floor had been opened in to 1 large unit which could potentially be sub-divided once again in to two separate flats, with also potential for conversion to three flats over the first floor making five in total subject to all usual consents. The property benefited at that time from four individual metered services (Gas & Electric).

In our opinion the building could provide an income level in excess of £30,000 with Assured Shorthold Tenancy agreements in place.

The property is located within close proximity to the town centre with a number of local and National retailers along with a number of amenities. Within easy reach of the property is Morriston hospital and good transport links to the M4 and beyond.

Ground Floor 2 x 1 Bedroom apartments.
First Floor 3 x 1 Bedroom apartments
Viewing Schedule Via the auctioneer. Please call 01633 212555 to book an appointment.

Tenure: See Legal Pack

EPC Rating: D

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

1.2% including VAT subject to a minimum fee of £1,200.00 including VAT, payable on the fall of the Virtual Gavel.

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* Guide | £199,000
  • Unconditional (Immediate Exchange)

Call the team on 02920 475184 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.