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Freehold for sale - £350,000
Approved Planning for 12 HMOs with ensuites
Location Situated on St James Crescent, this substantial semi detached dwelling occupies a prominent frontage off Walter Road. Popular with students and young professions, this area of Swansea is predominantly residential but does benefit from the local amenities of Uplands and Swansea City Centre.
Description Ideal investment opportunity as this property has approved Planning for a 12 bed HMO with ensuites, also with the potential to increase to a 15 bed HMO with ensuites.
This opportunity encompasses a ground floor seating area with bar area pool room, and basement. To the rear of the ground floor are male and female WC facilities.
The first floor was previously used as private function rooms and benefit from bathroom and WC facilities although is now used for ancillary stores.
The second floor comprises a one bedroom flat with kitchen, bathroom and open plan living/dining room.
Sizes The ground floor, basement and first floors have a Net Internal Area of 257 m2 – 2,773 ft2.
Services We understand that the premises benefits from all mains utilities although we advise that none were tested during the course of our inspection.
Rateable Value We understand the commercial element of the premises has a rateable value of £6,400 (2018). Interested parties are advised to discuss the rates payable with the business rates department at the local authority.
Tenure We are open to offers either for the freehold interest in the property or through way of a new lease.
The Freehold interest in our clients property is available to purchase at an initial asking price of £350,000.
Viewing Strictly by appointment and under no circumstances must any approach be made directly to the occupier. Please contact the sole selling agents to make an appointment.
For more information about this property, please contact Dawsons - Swansea Sales, Auction and Commercial, SA1 on +44 1792 738454 * (local rate)
Contact Dawsons - Swansea Sales, Auction and Commercial about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dawsons - Swansea Sales, Auction and Commercial, and do not constitute property particulars. Please contact Dawsons - Swansea Sales, Auction and Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.