Cradock Street, Swansea

UNDER OFFER

£180,000


General Information »        Full Description »        Floor Plan »        Location »       

General Information

FOR SALE BY ONLINE AUCTION.

Fantastic turn key investment opportunity to purchase three flats, 1 one bedroom flat and 2 two bedroom flats on both Craddock Street and Carlton Terrace in the heart of Swansea. They will be sold as vacant possession allowing the purchaser to have every option open. The accommodation on 24a Craddock Street comprises: entrance hall and stairs to, flat one (kitchen living room, 2 bedrooms and shower room) and flat two ( kitchen living room, bedroom/shower room and W.C room) to the first and second floor. Through a separate door entrance there is a basement, with light fixtures and W.C. The accommodation on 1 Carlton Terrace comprises: flat one (entrance hall with a spacious boiler cupboard leading to shower room, living room, kitchen and 2 bedrooms) The flats are estimated to achieve £21,000 per annum. 11.66% yield against the guide price. The two bed flats would fetch £600 and the one bed would achieve £550. Viewings Highly recommended.

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: Fantastic turn key investment opportunity to purchase three flats, 1 one bedroom flat and 2 two bedroom flats on both Craddock Street and Carlton Terrace in the heart of Swansea. They will be sold as vacant possession allowing the purchaser to have every option open. The accommodation on 24a Craddock Street comprises: entrance hall and stairs to, flat one (kitchen living room, 2 bedrooms and shower room) and flat two ( kitchen living room, bedroom/shower room and W.C room) to the first and second floor. Through a separate door entrance there is a basement, with light fixtures and W.C. The accommodation on 1 Carlton Terrace comprises: flat one (entrance hall with a spacious boiler cupboard leading to shower room, living room, kitchen and 2 bedrooms) The flats are estimated to achieve £21,000 per annum. 11.66% yield against the guide price. The two bed flats would fetch £600 and the one bed would achieve £550. Viewings Highly recommended.

24A CRADDOCK ST. BASEMENT: Seperate door leading to, basement, light fittings, W.C

24A CRADDOCK ST. ENTRANCE STAIRS: Front door leads to stairs up to flats 1 and 2

24A CRADDOCK ST. FLAT 1 ENTRANCE: Entrance door leads to,

24A CRADDOCK ST. FLAT 1 LIVING ROOM: 11'5" x 18'9" Window to rear obscured UPVC double glazed, window to side UPVC double glazed, radiator to rear, radiator to side, door leading to;

24A CRADDOCK ST. FLAT 1 BEDROOM 1: 10'2" x 10'1" UPVC double glazed window to front, radiator

24A CRADDOCK ST. FLAT 1 BEDROOM 2: 12'11" x 8'0" UPVC double glazed window to front, radiator

24A CRADDOCK ST. FLAT 1 BATHROOM: 5'10" x 7'10" UPVC obscured window to side, Shower, W.C, vanity wash hand basin, radiator

24A CRADDOCK ST. FLAT 1 KITCHEN: 7'10" x 5'3" UPVC double glazed window to side, boiler cupboard, fitted with wall and base units with a complementary worktop

24A CRADDOCK ST. FLAT 2 ENTRANCE: Entrance door leads to,

24A CRADDOCK ST. FLAT 2 LIVING ROOM: 18'5" x 10'10" UPVC double glazed window to rear and side, radiator to front and side, door leading to;

24A CRADDOCK ST. FLAT 2 W.C: 6'2" x 9'6" UPVC double glaze obscured glass window to side, boiler cupboard, radiator, W.C, pedestal wash hand basin

24A CRADDOCK ST. FLAT 2 BEDROOM/ SHOWER ROOM: 12'10" x 7'2" UPVC double glazed window to side, radiator, shower, vanity wash hand basin

24A CRADDOCK ST. FLAT 2 KITCHEN: 10'10" x 8'0" Two UPVC double glazed windows to front, fitted with wall and base units with a complementary worktop


1 CARLTON TERRACE

1 CARLTON TERRACE ENTRANCE HALLWAY: Entrance hallway, boiler and storage cupboard, radiator, leading to;

1 CARLTON TERRACE BATHROOM: 5'1" x 5'9" Radiator, vanity wash hand basin, Shower, W.C

1 CARLTON TERRACE LIVING ROOM: 12'9" x 12'9" UPVC double glazed window to side, single glazed decorative window to kitchen, radiator to side and rear, door leading to:

1 CARLTON TERRACE KITCHEN: 5'4" x 12'6" Single glazed decorative window to living room ,fitted with wall and base units with a complementary worktop

1 CARLTON TERRACE BEDROOM 1: 12'8" x 6'6" UPVC double glazed window to front, radiator, storage cupboard

1 CARLTON TERRACE BEDROOM 2: 7'5" x 7'7" UPVC double glazed window to front, radiator

EXTERNAL: Parking for 3 cars, stepped entrance down to basement, steps leading up to 24a Craddock St., concrete frontage to 1 Carlton Terrace

N.B: A holding fee of £2,500 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 for Cradock Street, Swansea
Location