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5 bedroom terraced house for sale
The Promenade, Swansea, Wales, SA1
£190,000
The Promenade, Swansea, Wales, SA1
£190,000
Our Summary
- **For Sale By Online Auction** Pre Auction Offers Considered** We are pleased to present this is a substantial three-storey mid-terraced property offering a prime investment opportunity, located in the heart of Mount Pleasant
- Currently configured into five self-contained studio flats, this property generates a gross annual income of £34,680 when fully tenanted - with the potential to increase
- * Current monthly rents range from £495 to £700 per studio: * Ground floor - Front studio let at £495pcm - potential to increase, rear studio vacant but most recently let at £600pcm * First floor - Front studio let at £495pcm - potential to increase, rear studio vacant but most recently let at £700pcm * Top floor - Vacant as of 3rd May - Most recently let at £600pcm however potential to increase to £750pcm Exterior Features: * Front garden area
- Modern Terms & Conditions - This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
- Auction Pack Available On Request
- Pre Auction Offers Considered
Description
This three-storey mid-terraced property in Mount Pleasant, Swansea, is a prime investment opportunity. The property is currently configured into five self-contained studio flats, generating a gross annual income of £34,680 when fully tenanted. The property has a mix of studio flats, each with its own metered electricity, and is located in a suburban neighborhood with easy access to Swansea city center and transport links. The property presents a compelling opportunity for investors seeking a well-located, income-generating asset. The property is being sold via online auction, with a non-refundable reservation fee of 3.6% of the winning bid payable in addition to the purchase price. The auction is powered by Whoobid and is subject to terms and conditions, which will be available to download for free once produced by the vendor's legal representatives.