We are pleased to offer for sale by Online Auction this ideal investment opportunity. This centrally located studio flat is tenanted and situated in close proximity to Swansea city-centre . The accommodation briefly comprises; open plan lounge, bedroom and kitchen and shower-room.
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.
To bid online you will be required to pay a holding fee this will only be withdrawn from your account should you be the successful bidder.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.
THE AUCTION WILL COMMENCE ON DECEMBER 14TH 2022 AT MIDDAY AND CONCLUDE ON DECEMBER 15TH 2022 AT MIDDAY.
Ideal investment opportunity
100 years ( 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.