* Freehold
* Ideal investment opportunity offering a rental yield of approximately 11. 5%
* Central location offering easy access to the city center, the M4 corridor and in walking distance from Morfa Retail Park and the stadium.
* The auction will commence at midday on February 29th 2024 and conclude on March 1st 2024 at midday. The legal pack is complete and pre - auction offers are welcome for an immediate exchange, to. . .
£70, 000
For sale by online auction on 29th February at 12: 00 and ending on 1st March
at 12: 00
Kindly visit our website, , to register your interest. All participants are
required to pay a holding fee to bid in the online auction, with the winning
bidder also paying a deposit of 10% of the final bid; the holding fee of the
winning bidder is retained by the auctioneers. In instances where a property
is sold before the auction, no holding fee is necessary, but a buyers' premium
is mandatory upon exchange. The completion will take place 28 days post -
exchange unless the contract specifies otherwise. The Legal pack is complete
and pre - auction offers are welcomed for an immediate exchange.
Property Auction Agent are delighted to take to online auction, this on
bedroom apartment situated close to Swansea city center, schools, transport
links, easy access to the M4 and a short walk from Morfa retail park and the
stadium. The accommodation briefly comprises of open plan kitchen and living
area with balcony, bedroom with built in wardrobe and bathroom. The building
offers a secure lobby with allocated mailbox, lift, secure refuse area and
offers a dedicated parking spot. This property is currently being let for £750
pcm and offers an approximate rental yield of 11. 5% making this an ideal
investment opportunity. The property can be sold furnished or unfurnished
please refer to the legal pack for information.
**Full description
**
Front entrance hall: Enter through front door into hallway, airing cupboard,
internal doors leading to;
reception room/kitchen: 17'07 x 9'05 - UPVC double glazed patio doors leading
to balcony, uPVC window to side, electric radiator. . The kitchen is fitted
with a selection of base and wall units with worksurface over, stainless steel
sink and drainer, integrated fridge/freezer, washing machine, cooker and
extractor, radiator and space for dining table and chairs.
Bedroom: - 13'02 x 9'04 - uPVC double glaze window to front, electric
radiator, built in cupboard.
Bathroom: Three - piece suite comprising bath with overhead shower, low level
WC, wash hand basin and radiator.
**Externally**
The building is accessed via secure lobby, with allocated mailbox and lift to
upper floors. There is a secure refuse area and dedicated parking spot at the
front of the building.
Council tax band: C
EPC: C
tenure: Leasehold 93 years remaining
**Please note**
It is the responsibility of all purchasers to conduct their own investigation
with regards to all aspects of the property and seek legal advice. The Legal
Pack will be available on our website prior to the auction commencement. The
legal pack can be downloaded through
**Payments**
To bid online you will be required to pay a holding fee this will only be
retained should you be the successful bidder. To exchange contracts, you will
be required to pay a 10% deposit and sign the contract within 24 hours and
complete the transaction paying the balance of funds within 28 days, (this
timescale may vary always read the contract in the Legal Pack for
confirmation).
Due to the timescales involved, we strongly recommend ensuring your finances
are in place prior to bidding.
*A buyer's premium fee is payable should a property be sold pre - auction this fee is 2% subject to a minimum fee of £2, 495.
**Accommodation**
A one bedroom apartment offering open plan living space and balcony.
**Location**
Central location offering easy access to the city center, the M4 corridor and
in walking distance from Morfa Retail Park and the stadium.

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