Tycoch Garage, Llwyn Arosfa, Sketty, Swansea, SA2 9EJ
Sold
£140,000
4th April 2022
Brief Description
AUCTION REGISTRATION IS NOW OPEN
THE BIDDING WILL OPEN ON THE 4th OF APRIL AT MID DAY AND WILL CLOSE ON THE 5TH OF APRIL AT MID DAY (this is subject to change depending on the completion of the legal pack)
A great opportunity to purchase this property filled with a huge amount of potential for development or a commercial unit as it stands. The property is located in the very popular area, Tycoch Sketty, close to great schools, hospital, local amenities and good travel links. This property comprises of a large double garage/ workshop to the ground floor. To the first floor there is currently a communal office area, a closed off office space and a storage room. This is a fantastic commercial property, that offers a lot of potential, there is also approved planning to add another storey and three fully modernized one bedroom apartments with off road parking. We believe these apartments will be very popular on both the sales and rental market, due to their fantastic location, parking facilities and size of accommodation on offer. We estimate the flats to fetch £750-£800 PCM which for three flats would result in an annual income circa £27,000 - £29,000 annually. You can find more information regarding this with the planning number - 2018/1681/FUL We feel the development potential is extremely attractive for anyone looking to buy and develop properties in Swansea West.
We would highly recommend you a viewing.
PLEASE BE ADVISED THAT WHILST VIEWINGS ARE RESTRICTED THE PROPERTY WILL NOT BE ENTERED INTO AN ONLINE AUCTION UNTIL THE LEGAL PACK IS COMPLETE AND THERE IS SUFFICIENT INTEREST FOR BIDDING TO COMMENCE.
ANY OFFER IS SUBJECT TO AN AUCTION EXCHANGE OF A 10% DEPOSIT, BUYERS PREMIUM AND 28 DAY COMPLETION.
Full Description
SUMMARY
A great opportunity to purchase this property filled with a huge amount of potential for development or a commercial unit as it stands. The property is located in the very popular area, Tycoch Sketty, close to great schools, hospital, local amenities and good travel links. This property comprises of a large double garage/ workshop to the ground floor. To the first floor there is currently a communal office area, a closed off office space and a storage room. This is a fantastic commercial property, that offers a lot of potential, there is also approved planning to add another storey and three fully modernized one bedroom apartments with off road parking. We believe these apartments will be very popular on both the sales and rental market, due to their fantastic location, parking facilities and size of accommodation on offer. We estimate the flats to fetch £750-£800 PCM which for three flats would result in an annual income circa £27,000 - £29,000 annually. You can find more information regarding this with the planning number - 2018/1681/FUL We feel the development potential is extremely attractive for anyone looking to buy and develop properties in Swansea West.
We would highly recommend you a viewing.
DOUBLE GARAGE / WORKSHOP 7.23m x 11.24m
FIRST FLOOR
COMMUNAL AREA 7.58m x 8.03m
CLOSED DOOR OFFICE 2.74m x 4.62m
STORAGE ROOM 3.14m x 1.49m
ALCOVE ROOM 1 0.84m x 1.29m
ALCOVE ROOM 2 1.47m x 1.44m
ALCOVE ROOM 3 1.32m x 1.61m
EXTERNAL
N.B
A holding fee of £1,800 is payable to secure the property. You then have two days to exchange with a 10% deposit.
PLEASE BE ADVISED THAT DEPENDING ON YOUR INDIVDUAL BANK OR BUILDING SOCIETY. THE RELEASE OF THE HOLDING FEE IF UNSUCCESSFUL COULD TAKE IN EXCESS OF 7 DAYS.
Should the property sell outside of the online auction upon exchange, a 10% deposit is required. In addition, a Buyer's Premium fee is payable. This fee is 0.5% + VAT subject to a minimum fee of £995 plus VAT (£1,194).
N.B
Tenure - TBC
All successful Purchasers will be subject to a buyers premium or holding fee. Legal packs can be downloaded through the Dawsons website www.dawsonsproperty.co.uk
Please note it is the responsibility of all purchasers to conduct their own investigation into all aspects of the property. We recommend reading through the properties legal pack, which is available on our website, prior to bidding and also seek legal advice. If you are successful, you will be required to pay a 10% deposit, together with the buyer’s premium/holding fee and complete in 28 days, therefore we would strongly recommend for you to ensure your finances are in place before the auction, due to the timescales involved.
Floor Plan
EPC
