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MODERN AUCTION - INVESTMENT - Moriah Chapel, Clydach Road, Clydach, Swansea, SA6 5AY

Auction £ 250,000 guide price
Clydach  SA6 5AY Commercial Commercial Commercial Department » Print this page

For Sale by way of Modern Auction Method; Starting Bid Price of £250,000 plus Reservation Fee. Property Auction Powered by iam-sold

 


 

Situation

This substantial detached premises is situated on Clydach Road, Clydach. Clydach itself is a popular suburb comprising of predominantly residential property with commercial parades situated throughout.

The property is serviced regularly by public transport and is circa 15 minutes from the City Centre of Swansea.

Description

This chapel benefits from full planning consent for 10 x 2 bedroom flats with open plan living/ dining room and kitchen, with some flats benefitting from en-suite facilities also. Measurements for the flats vary from 84 sqm to 118 sqm.

The plans provide for off-road basement parking for 13 spaces, along with allocated bin stores, and small garden area to the front of the property.

The property itself is in need of complete refurbishment throughout and will be spread over four floors.

Plans for this opportunity are available to serious parties upon request.

Further information in regards the planning application may be found on the LPA’s website under reference: 2016/0386 and 2017/2137/DOC.

Terms

Our clients Freehold interest in the property is available to purchase for £250,000 (Two Hundred and Fifty Thousand Pounds)*.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by - powered by iam-sold Ltd.  Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by - powered by IAM Sold.  Reservation Fee is in addition to the final negotiated selling price.

Viewing

To arrange a viewing or to discuss further, please contact the sole selling agent, Dawsons, on the contact details below:

Andrew Cox
01792 478 907
andrew.cox@dawsonsproperty.co.uk

Matthew Mason
01792 478 908
matthew.mason@dawsonsproperty.co.uk

 

*This property is being sold by way of a modern auction method. The successful bidder must pay an additional reservation fee. This method of sale is powered by iam-sold