29 The Promenade, Swansea SA1 6EN
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- GUIDE PRICE - £195,000 +
Description
Bidding opens Monday 29th July 2024 at 12:00 and closes Wednesday 31st July 2024 at 12:00.
Residential Investment-5 flats
An opportunity to purchase a substantial three storey mid terraced house with an open outlook over Swansea Bay. The accommodation is provided by way of a 5 x studio flats (2 x Ground Floor, 2 x First Floor, 1 x Top Floor). We are advised by the seller that they pay the bills for the property and with each flat having an independent electric meter. The current annual income being generated is a gross annual rent of £34,680 per annum.
The house is located within the Mount Pleasant area of the city and is therefore popular with students and professionals as good access is provided to the City Centre.
Tenancies We understand that the current gross annual income is £34,680 per annum and we are advised that this is split as shown below. Please refer to the legal pack for confirmation of incomes.
Ground Floor Front Studio is let at £495 p/c/m.
Ground Floor Rear Studio is let at £600 p/c/m.
First Floor Front Studio is let at £495 p/c/m.
First Floor Rear Studio is let at £700 p/c/m.
Top Floor Studio is let at £600 p/c/m.
Outside The top floor unit benefits from an external balcony. There is also an area to the rear providing off road parking, to the front is a good size garden.
Viewings Auction House Wales on
Council Tax Band - E
Tenure: Freehold
EPC Rating: Ground Floor Front Flat -D, Grount Floor Rear Flat - D, MIddle Floor Front Flat - C & Middle Floor Rear Flat - E Top Flat - E
Administration Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: E
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
29 The Promenade, Swansea SA1 6EN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Swansea Station0.5 miles
- Llansamlet Station3.9 miles
- Gowerton Station4.1 miles
About the agent
Auction House, Wales
Gold Tops House, 8a Pentonville, Newport, NP20 5HB
Auction House South Wales is a land and property auction specialist. With a number of UK Auction Rooms and the strength of a national brand, we use our local knowledge alongside both local and national advertising.
Selling or buying by auction is suitable for a range of assets:
· Properties for Improvement
· Unique Properties
· Tenanted Properties
· Land (with or without planning permission)
· Residential Investments
· Commercial Properties
· De
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 202404251633sq_4wei. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Wales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Wales on 01633 603791.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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