Block of flats for sale in Crown Street, Morriston, Swansea SA6

£340,000
Block of flats for sale - 5 bedrooms 5 5
Interested in this property? Call +44 1792 925014 * or Request Details

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Property description

For sale by online auction.

Fantastic turn key investment opportunity to purchase five, one bedroom flats on Crown Street in Morriston. The flats have been newly refurbished and are ready for tenants to be moved it, they will be sold as vacant possession allowing the purchaser to have every option open. The accommodation comprises: Entrance hall, flat one (kitchen living room, bedroom and shower room) and flat two ( kitchen living room, bedroom and shower room) to the ground floor. To the first floor are three flats (kitchen living room, bedroom and shower room). There is potential to add a sixth flat (subject to the relevant planning applications and building regulation) in the loft. The flats are estimated to achieve £525pcm a piece which would equal £31,200 per annum this works to be a yield of 8.43% against the guide price. 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

Summary

Fantastic turn key investment opportunity to purchase five, one bedroom flats on Crown Street in Morriston. The flats have been newly refurbished and are ready for tenants to be moved it, they will be sold as vacant possession allowing the purchaser to have every option open. The accommodation comprises: Entrance hall, flat one (kitchen living room, bedroom and shower room) and flat two ( kitchen living room, bedroom and shower room) to the ground floor. To the first floor are three flats (kitchen living room, bedroom and shower room). There is potential to add a sixth flat (subject to the relevant planning applications and building regulation) in the loft. The flats are estimated to achieve £525pcm a piece which would equal £31,200 per annum this works to be a yield of 8.43% against the guide price. Viewings Highly recommended.

Entrance Hallway (10.63m max x 1.69m max (34'10" max x 5'6" max))

Entrance door to front, stairs to first floor landing, access to flat, rear access door.

Flat One

Entrnace Porch

Entrance door, doors to.

Kitchen Living Room (3.96m x 4.60m (12'11" x 15'1"))

UPVC double glazed bay window to front, radiator, kitchen is fitted with matching wall and base units along with complimentary worksurfaces, fireplace.

Bedroom (2.61m x 3.91m (8'6" x 12'9"))

UPVC double glaze window to rear, radiator, fireplace.

Shower Room (1.29m x 2.52m (4'2" x 8'3"))

Shower cubicle, towel dryer radiator, WC, vanity unit wash hand basin, medicine cabinet.

Flat Two

Entrance Porch

Entrance door, doors to.

Kitchen Living Room (4.97m x 3.28m (16'3" x 10'9"))

UPVC double glazed sliding door to side, kitchen is fitted with matching wall and base units along with complimentary worksurfaces, combi boiler on wall, radiator, door to.

Bedroom (3.05m x 3.28m (10'0" x 10'9"))

UPVC double glazed obscured window and door to side, radiator.

Shower Room

Shower cubicle, towel dryer radiator, WC, vanity unit wash hand basin.

First Floor

Landing

UPVC double plays window to rear, stairs up to loft, access to:

Flat Three

Entrance Porch

UPVC double glaze windows to rear and side, doors to.

Kitchen Living Room (5.03m x 3.25m (16'6" x 10'7"))

UPVC double glazed obscure windows to both sides, kitchen is fitted with matching wall and base units long complimentary worksurfaces, combi boiler on wall, radiator, door to.

Bedroom (3.06m x 3.26m (10'0" x 10'8"))

UPVC double glazed windows to both sides, radiator.

Shower Room

WC, shower cubicle, towel dry radiator, vans unit wash and basin.

Flat Four

Entrance Porch

Entrance door, doors to.

Kitchen Living Room (3.94m max x 4.93m max (12'11" max x 16'2" max))

UPVC double glazed bay window to front, UPVC double glazed window to front, kitchen is fitted with matching wall and base units long complimentary worksurface, boiler on wall, two radiators. Door to.

Bedroom (3.25m x 2.5m (10'7" x 8'2"))

UPVC double glazed window to rear, radiator, feature fireplace.

Shower Room (1.89m x 1.40m (6'2" x 4'7"))

WC, shower cubicle, towel dry radiator, vanity unit wash and basin.

Flat Five

Entrance Porch

Entrance door, doors to.

Kitchen Lvining Room (4.0m x 4.3m (13'1" x 14'1"))

UPVC double glazed window to front, two radiators, kitchen is fitted with matching wall and base units along with complimentary worksurfaces, combi boiler on the wall, feature fireplace.

Bedroom (2.68m x 4.33m (8'9" x 14'2"))

UPVC double glazed window to rear, radiator, feature fireplace.

Shower Room (1.31m x 2.54m (4'3" x 8'3"))

Shower cubical, WC, vanity wash hand basin, medicine cabinet, towel radiator.

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.

All successful Purchasers will be subject to a buyers premium or holding fee. Legal packs can be downloaded through the Dawsons website

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.

Property info

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For more information about this property, please contact
Dawsons - Swansea Sales, Auction and Commercial, SA1 on +44 1792 925014 * (local rate)

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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.

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