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Terraced house for sale
68 The Kingsway, Swansea, Swansea, SA1 5HW
£190,000
68 The Kingsway, Swansea, Swansea, SA1 5HW
£190,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 10th December 2024 at 04:24 PM with registration through our website
- Good Investment Opportunity located on the ever popular Kingsway within City Centre of Swansea
- The upper floors could be suitable for residential development in this popular area, subject to any necessary consents
- The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
A three-storey commercial property located on the popular Kingsway in Swansea's city center is up for sale by public auction. The ground floor is occupied by a successful noodle bar, which is let on a 15-year lease at £12,000 per annum. The first and second floors are currently vacant, but were previously used as a barber shop. The upper floors could be suitable for residential development, subject to necessary consents. The property offers a good investment opportunity with an informed gross yield of 10.7%. The auction will take place online on December 10, 2024, with registration through the auctioneer's website.