33, The Promenade Swansea, SA1 6EN
For Sale
£120,000
Brief Description
AUCTION REGISTRATION IS NOW OPEN
THE BIDDING WILL OPEN ON THE 23RD OF APRIL 2025 AT 12PM AND WILL CLOSE ON THE 23RD OF APRIL 2025 AT 1PM.
33 The Promenade is a mid-terrace property in need of significant refurbishment, offering a prime opportunity for investors. Situated in Mount Pleasant, Swansea.
The property currently has lapse HMO licence for 6 letting rooms however it can be easily reverted back to a family home. The property comprises to the ground floor two reception Rooms/Letting Rooms, lounge and kitchen. To the first floor there are three bedrooms/letting rooms and bathroom with separate w.c. To the second floor there is a further bedroom/letting room, kitchen and bathroom. Externally the property offers front and rear gardens.
While the property is currently in a run-down condition, it enjoys lovely sea views adding to its appeal, it also boasts generous space across multiple levels, making it ideal for those looking to capitalize on its potential. The location is highly desirable, with easy access to Swansea City Centre, local amenities, and transport links.
Viewing is highly recommended to appreciate the potential this property has to offer.
Full Description
Ground Floor
Entrance Hallway
Lounge/ Letting Room 1 - 12'11" max x 11'5" to bay (3.96m max x 3.48m to bay)
Reception Room/ Letting Room 2 - 12'7" x 10'5" (3.85m x 3.19m )
Living Room - 16'9" x 10'8" (5.13m x 3.27m )
Kitchen - 10'8" x 10'5" (3.27m x 3.20)
First Floor
Letting Room 3 - 17'5" max x 11'2" to bay (5.32m max x3.41 to bay )
Letting Room 4 - 13'5" x 10'9" (4.09m x 3.29m)
Letting Room 5 - 14'4" x 10'8" (4.39m x 3.26m)
Bathroom
W.C
Second Floor
Letting Room 6 - 16'1" x 11'7" (4.92m x 3.54m )
Kitchen - 9'3" x 7'3" (2.84m x 2.21m )
Bathroom
External
Front forecourt
Garden to rear
Council Tax Band - E
Tenure - Freehold
N.B
You are advised to refer to Ofcom checker for mobile signal and coverage.
Further Information
As a prospective bidder, it's crucial to understand and adhere to the following key points regarding the auction process:
1. Due Diligence: You are responsible for thoroughly investigating all aspects of the property you intend to bid on. This includes scrutinising the legal pack, which is available upon request from Dawsons Auction House. Make sure to assess property conditions, legal title, and any potential obligations or restrictions.
2. Legal Advice: Seeking legal advice before participating in the auction is highly recommended.This can help clarify any questions or concerns you may have regarding the property or the bidding process.
3. Contractual Obligations: If you are the successful bidder, you will be legally bound to exchange contracts immediately. This requires you to pay a deposit of 10% of the purchase price. Additionally, you will need to pay a buyer's premium of £3,000 which includes VAT. Be prepared to make these payments on the auction day itself, as they are pivotal in securing your purchase.
4. Completion Timeline: The completion of the purchase must occur within 28 days, unless the contract specifies otherwise. Thus, having your finances ready and approved prior to the auction is essential to meet this timeline without complications.
5. Fees: It’s important to note that the buyer’s premium of £3,000 (inclusive of VAT) applies even if the property sells before the auction event. By ensuring you are well-informed and prepared,
you can navigate the auction process more effectively
Floor Plan
