FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 5TH OF MARCH 2025 AT 3PM IN THE SWANSEA.COM STADIUM.
We have for sale this large mid terrace property set over three floors in a very popular location close to shops and Swansea sea front.
The property comprises of three spacious reception rooms, kitchen and a garage to the ground floor. To the first floor there are three bedrooms, bathroom, a separate WC and a stairs leading to the attic room.
The property is in need of a full renovation. Ideal investment opportunity, we would highly recommend viewing.
Front Porch
Hallway
Reception 1 12'3" x 12'11" (3.75m x 3.96m)
Reception 2 12'0" x 10'2" (3.68m x 3.1m)
Dining Room 14'3" x 13'9" (4.36m x 4.2m)
Kitchen 9'8" x 8'7" (2.95m x 2.62m)
First Floor
Landing
Master Bedroom 12'2" x 16'3" (3.71m x 4.97m)
Bedroom 2 11'10" x 10'2" (3.63m x 3.1m)
Bedroom 3 9'8" x 7'0" (2.96m x 2.14m)
Bathroom 6'8" x 7'3" (2.04m x 2.22m)
WC 2'8" x 4'9" (0.83m x 1.45m)
Attic Room 14'3" x 16'4" (4.35m x 4.98m)
Garage 23'8" x 18'0" (7.22m x 5.5m)
Tenure - TBC
Council Tax Band - D
Additional Information
Vendor Advises:
Electricity - OVO
Water - Welsh Water
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 £2,400, 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 £2,400 (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.