West Street, Gorseinon, Swansea

FOR SALE

£220,000


General Information »        Full Description »        Location »       


General Information

FOR SALE BY ONLINE AUCTION.

Turn Key investment opportunity, commercial ground floor unit with three one bedroom flats above located in the heart of Gorseinon just off the high street. The property benefits from parking to the rear via the rear access lane. The estimated income for the property is crica £30,300. Dominos are the current tenants to the ground floor, they were renting the space for £15,000 per annum - they're tenancy runs out in January 2022, however they have vacated the premises. The remaining three flats would generate an estimated £425 pcm totalling £15,300 per annum. One of the flats has a sitting tenant, the tenant has been served a section 21 which is up in December 2021.
Dominos have undertaken a dilapidation survey to the ground floor and will put the space back into a large open unit for a new business to make the most of.
Commercial unit comprises: Two doors and display window to front, block of toilets, kitchen area, combi boiler and entrance door to rear.
Accommodation comprises: Front entrance hall with stairs to the first floor. On the first floor there is a landing, providing access to flat one and access to the terrace. The terrace provides access to flats two and three. Flat two comprises: entrance hall, bathroom, bedroom and kitchen living room. Flat three comprises: entrance hall to the ground floor with bedroom, bathroom and kitchen living room to the first floor.
Externally there is parking for around 5 cars. Viewings highly recommended. EPC - GF- TBC / Flat 1- D / Flat 2 - C / Flat 3 - C

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 PRE AUCTION OFFER IS SUBJECT TO AN AUCTION EXCHANGE OF A 10% DEPOSIT, BUYERS PREMIUM AND 28 DAY COMPLETION


Full Description

SUMMARY: Turn Key investment opportunity, commercial ground floor unit with three one bedroom flats above located in the heart of Gorseinon just off the high street. The property benefits from parking to the rear via the rear access lane. The estimated income for the property is crica £30,300. Dominos are the current tenants to the ground floor, they were renting the space for £15,000 per annum - they're tenancy runs out in January 2022, however they have vacated the premises. The remaining three flats would generate an estimated £425 pcm totalling £15,300 per annum. One of the flats has a sitting tenant, the tenant has been served a section 21 which is up in December 2021.
Dominos have undertaken a dilapidation survey to the ground floor and will put the space back into a large open unit for a new business to make the most of.
Commercial unit comprises: Two doors and display window to front, block of toilets, kitchen area, combi boiler and entrance door to rear.
Accommodation comprises: Front entrance hall with stairs to the first floor. On the first floor there is a landing, providing access to flat one and access to the terrace. The terrace provides access to flats two and three. Flat two comprises: entrance hall, bathroom, bedroom and kitchen living room. Flat three comprises: entrance hall to the ground floor with bedroom, bathroom and kitchen living room to the first floor.
Externally there is parking for around 5 cars. Viewings highly recommended. EPC - GF- TBC / Flat 1- D / Flat 2 - C / Flat 3 - C

COMMERCIAL UNIT: The commercial unit will be a shell with a toilet block and kitchen in the rear left. The previous tenant Domino's have conducted a dilapidation report and will be stripping out all of the internal walls of the unit. Rear door to:


FLATS

ENTRANCE PORCH: Entrance door, stairs to 1st floor landing.

LANDING: Door to flat one, door to.

TERRACE: Doors to flats two and three.


FLAT 2

ENTRANCE HALLWAY: UPVC double glazed door to front, radiator, doors to two storage cupboard, doors to.

KITCHEN DINER: 19'2" x 8'2" UPVC double glazed windows to front and back, radiator, kitchen is fitted with matching wall and base units and complimentary worksurfaces, Combi boiler on wall.

BEDROOM: 9'6" x 11'1" UPVC double glazed window to rear, radiator.

BATHROOM: UPVC double glazed obscure window to rear, panelled bath with shower over head, pedestal wash hand basin, radiator.


FLAT 3

ENTRANCE HALLWAY: Entrance door, stairs to 1st floor landing.

KITCHEN DINER: 19'1" x 8'1" UPVC double glazed windows to front and back, Radiator, kitchen is fitted with matching wall and base units along with worksurface, Combi boiler on wall.

BEDROOM: 6'2" x 12'7" UPVC double glazed window to rear, radiator.

BATHROOM: 6'1" x 6'1" UPVC double glazed window to the front, panelled bath with shower over head, WC, pedestal wash hand basin.

EXTERNAL: Parking to the rear for 5 cars.

N.B.: 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).
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 go to an online auction a different fee is payable. A holding fee of £2,500 is payable to secure the property. You then have two days to exchange with a 10% deposit.

N.B.: Tenure - Freehold

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.



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