Lot 71 - 39 Westbury Street, Swansea, SA1 4JW
Lot 71 - 39 Westbury Street, Swansea, SA1 4JW
Addendum
Guide price has been increased.
Guide Price* : £180,000+
- Unconditional Online Auction Sale
Lot 71 - Commercial Property with Planning for Six Flats
Description
ONLINE AUCTION from 23rd JULY-25th JULY
A two storey detached premises with planning consent for six flats.
The property has most recently been used as a carpenters workshop and was achieving a rental income of £18,000 per annum. It is suitable for light industrial use, and subject to the relevant consents may be suitable for alternative use.
This property would be idea for a developer looking to convert it into flats, an investor looking for a property with a good rental yield, or an owner occupier.
The property benefits from three phase electric and water.
There is a large parcel of land to the rear of the property and parking space to the side of the property.
Location
Situated to the West of Swansea city centre, close to one of the main thoroughfares leading into the city centre. The Property is ideally located approximately five minutes drive from Swansea train station and bus station. Additionally, it is within close proximity to the M4 providing access to Cardiff, Newport, Bristol and London.
Displaying a prominent frontage on Westbury Street, on a primarily residential road.
Planning Permission
Planning consent has been granted for the demolition of existing building, construction of block of 6 flats, cycle storage and associated works (Outline). Please see Swansea Council Planning Portal for further information. Planning reference: 2022/1614/OUT.
Services
The property benefits from water, three phase electric (not tested).
Walkthrough video
Accommodation
Ground Floor: Open plan commercial space, office, WC
First Floor: open plan office space
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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.
Guide Price* : £180,000+
- Unconditional Online Auction Sale
Lot 71 - Commercial Property with Planning for Six Flats
Viewing
Paul Fosh Auctions
Office Contact
Debra Bisley
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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