For Sale By Auction | 17:00, 11 December 2019 | Lot 10

23-24 Neath Road, Swansea, SA1 2ES

*Guide | £110,000 + (plus fees)

  • Mixed Use
  • 2 Bedrooms
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 11/12/2019

Auction Time

17:00

Auction Venue

Village Hotel 29 Pendwyallt Road, Coryton, Cardiff, CF14 7EF

Viewing Times:

Wed 27 Nov

11:00-11:30

Mon 2 Dec

11:00-11:30

Wed 4 Dec

11:00-11:30

Part Let Mixed Use Property-Shop & 2 Flats

Two adjoining terraced properties that have been converted into one building comprising of a let convenience store throughout the entire ground floor with two interconnecting one-bedroom flats to the first floor in need of updating but benefit from an independent access. The convenience store is currently let on a tenancy at will basis for £600 per calendar month. The property is located in a convenient location close to other local business occupiers in a predominantly residential area and within close proximity to the city centre and the Liberty Stadium.

Tenure

See Legal Pack

Ground Floor

Full width retail area with counter, two good size storerooms, kitchenette and w.c. Self-contained entrance to the flats with stairs to the first floor.

First Floor

Landing, lounge, bedroom, kitchen, bathroom, inner hallway with interconnecting access to a second flat having a lounge, bedroom, kitchen and bathroom.

Outside

Substantial overgrown garden to the rear.

Tenancies

The convenience store is let by way of a tenancy at will for £600 p/c/m and the flats are currently vacant therefore the total combined annual income is £7200 per annum with scope for betterment by upgrading and letting of the flats.

Viewing Schedule

Wednesday 27th November 11.00 - 11.30 Monday 2nd December 11.00 - 11.30 Wednesday 4th December 11.00 - 11.30

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

City and County of Swansea Council

Solicitors

TLT Solicitors LLP, 1 Redcliff Street, Bristol, BS1 6TP, Ref: Robert Counsell, Tel: 0333 0060815

Additional Fees

Buyer's Premium - 0.6% inc VAT of the purchase price payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.