FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 5TH OF MARCH 2025 AT 3PM IN THE SWANSEA.COM STADIUM.
This former working men’s club is a versatile property available for auction. The building features a ground floor with a lobby, two offices, male and female restrooms, two bar areas with entertainment spaces, a stage, a kitchen, and additional restroom facilities. The first floor includes another office, a restroom, and a snooker room. The basement consists of three cellar rooms and extra storage space.
Externally the property benefits from a car park to the rear with a number of spaces.
This property offers an ideal investment opportunity, with the potential for conversion into residential flats, subject to planning approval. Don't miss out on this chance to acquire a property with significant redevelopment potential.
Ground Floor
Lobby
Entrance Hall
Hall
WC
Office 1 15'10" x 9'9" (4.83m x 2.98m)
Bar Area 39'7" x 31'11" (12.07m x 9.74m)
Bar 1 29'3" x 8'3" (8.94m x 2.52m)
Office 2 15'10" x 25'2" (4.83m x 7.69m)
Bar Area 1 39'7" x 32'9" (12.07m x 10.00m)
Male W.C.
Female W.C.
Bar 2 21'9" x 8'10" (6.65m x 2.71m)
Entertainment Area 46'1" x 57'10" (14.06m x 17.64m)
Hall
Kitchen 9'3" x 11'7" (2.84m x 3.55m)
Stage 36'9" x 17'0" (11.22m x 5.19m)
W.C.
First Floor
Landing
W.C.
1st Floor Office 25'6" x 15'11" (7.78 x 4.87m)
Snooker Room 31'8" x 32'9":180'5" (9.67m x 10:55m)
Basement
Cellar 1 15'4" x 20'6" (4.68m x 6.27m)
Cellar 2 15'8" x 11'5" (4.78m x 3.48m)
Cellar 3 24'0" x 15'4" (7.33m x 4.68m)
Storage 14'11" x 6'4" (4.56m x 1.94m)
Tenure - Freehold
Ratable Value -
Interested parties are advised to discuss the rateable value and business rates payable with the local authority.
Services -
The property benefits from all main utilities/water and electric utilities. Please note, these were not tested during the course of our inspection.
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 £3,300, 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 £3,300 (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.