Lot 58 - Apartment 21 Portland House, 58-60 The Kingsway, Swansea, West Glamorgan, SA1 5HN

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000
  • Bedrooms: 1

FOR SALE BY ONLINE AUCTION. AUCTION REGISTRATION IS NOW OPEN. ALL BIDDERS PAY A HOLDING FEE TO BID IN THE ONLINE AUCTION. THE WINNING BIDDER WILL BE REQUIRED TO PAY THE DEPOSIT WHICH IS 10% OF THE FINAL BID AND THEIR HOLDING FEE (WHICH IS RETAINED BY THE AUCTIONEERS) IF SOLD PRIOR TO AUCTION NO HOLDING FEE APPLIES BUT A BUYERS’ PREMIUM IS REQUIRED TO EXCHANGE. COMPLETION WILL BE 28 DAYS AFTER EXCHANGE. (UNLESS STATED OTHERWISE ON THE CONTRACT) PRE-AUCTION OFFERS CONSIDERED. PROPERTY AVAILABLE TO MORTGAGE PURCHASERS

Description

We have for sale by Online Auction this ideal investment opportunity or first time buyer home
This centrally located studio flat is newly tenanted at a rent of £600pcm but will soon be vacant. Situated in Swansea city-centre, the accommodation briefly comprises; open plan lounge, bedroom, kitchen and shower-room.

FULL DESCRIPTION

MAIN BUILDING ENTRANCE: Communal front door, Stairs to upper floors.

ENTRANCE: Front door leading into living area.

OPEN PLAN LIVING AREA/KITCHEN/BEDROOM: 15’07(max)/12’08x11’09 Open plan kitchen, bedroom and living area; kitchenette includes wall and base units, fitted cooker and sink with drainer. There is a concealed pull-down double bed with storage wither side.

SHOWER-ROOM: 5’11 x 5’6 Three-piece bathroom suite, low level WC, sink and walk in shower.

TENURE: LEASEHOLD - £25PA - further information in the legal pack
SERVICE CHARGE - £1,444 - 6 monthly
COUNCIL TAX BAND: B

PLEASE NOTEIt is the responsibility of all purchasers to conduct their own investigation into all aspects of the property and seek legal advice. The Legal Pack will be available on our website prior to bidding commencing. Please note legal packs can be downloaded through The Property Auction House website. www.thepropertyauctionhouse.com

It is the responsibility of all purchasers to conduct their own investigation into all aspects of the property, and also seek legal advice. The Legal Pack will be available on our website prior to bidding commencing. Legal packs can be downloaded through The Property Auction House website.
 www.thepropertyauctionhouse.com

PAYMENTS

To bid online you will be required to pay a holding fee this will only be withdrawn from your account should you be the successful bidder.  To exchange 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).

We always strongly recommend ensuring your finances are in place prior to the auction, due to the timescales involved.

*A buyer’s premium fee is only payable should a property be sold pre auction, this fee is 2% subject to a minimum fee of £2495.

Key Feature 1

AUCTION REGISTRATION IS NOW OPEN. THE AUCTION WILL COMMENCE MIDDAY APRIL 24TH 2024 AND CONCLUDE MIDDAY APRIL 25TH 2024.

Key Feature 2

City Central location

Key Feature 3

Ideal first home or investment opportunity

Council Tax Band

B

Lease Start Date

18/09/2006

Lease Duration

999 years (982 years unexpired)

* 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.

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