Studio for sale in Tycoch Road, Sketty, Swansea SA2

For sale by online auction.

We are pleased to offer this 28 square meters studio apartment located in the heart of Tycoch. The property benefits from being close to local amenities and public transport links. Accommodation comprises: Lounge bedsit, modern fitted kitchen with integrated appliances and shower room. The property is being sold with a tenant in situ paying £600 pcm. The vendor previously rented the property as a holiday let/serviced accommodation and achieved between £650 and £900 pcm. Ideal turn key investment property, please contact the auction department if you are interested. Please note: We are unable to conduct any viewings at the property. EPC - D

Tenure - Leasehold | Length of Lease - 900 | Annual Ground Rent - £14 | Council Tax Band - A |

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 offer is subject to an auction exchange of A 10% deposit, buyers premium and 28 day completion.

Summary

We are pleased to offer this 28 square meters studio apartment located in the heart of Tycoch. The property benefits from being close to local amenities and public transport links. Accommodation comprises: Lounge bedsit, modern fitted kitchen with integrated appliances and shower room. The property is being sold with a tenant in situ paying £600 pcm. The vendor previously rented the property as a holiday let/serviced accommodation and achieved between £650 and £900 pcm. Ideal turn key investment property, please contact the auction department if you are interested. We are unable to conduct any viewings at the property. EPC - D

Tenure - Leasehold | Length of Lease - 900 | Annual Ground Rent - £14 | Council Tax Band - A |

Tenure

Leasehold
900 Years remaining
Ground Rent £14 (not collected)

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 £1,800 is payable to secure the property. If you are the successful bidder you are contractually bound to exchange, with a 10% deposit, on the property as per the terms and conditions you agreed to when registering for the auction. With completion happening with in 28 days, unless stated differently in the contract.

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

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.