Call 0800 038 5996

Guide Price: £50,000.00

Traditional Auction

Flat 26 Portland House , 58 60 Kingsway , Swansea , SA1 5HN

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CURRENT BID*

£45,000.00

(Place a bid)

STARTING TIME

27/05/2024 13:00:00

Lot Number: 77902694

Property ID: 49867680

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

The minimum current bid is £45,500.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

£

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Guide Price

£50,000.00

Method of Auction

Traditional

Property Type

Flat

Number Of Beds

1

Tenure

Leasehold Property

Address

Flat 26 Portland House

Key Features

• **Guide Price - £50,000 - £60,000**
• Studio Flat
• Investment Opportunity
• Rented for 625pcm
• City Centre Location
• Secure Communal Entrance
• Buyers Fee Applies
• Pre Auction Offers Considered
• Auction Pack Available On Request

Description

** For Sale By Online Auction** Pre Auction Offers Considered** Guide Price - £50,000 - £60,000**

Purpose-built Studio Flat currently rented for £625pcm. It's conveniently located in Swansea City Centre, close to shops, public transportation, the beach, local schools, and with easy access to the M4. The apartment includes an entrance hall, bathroom, open-plan bedroom/living area, and kitchen. The building features a secure communal entrance.

Service Charge/Ground Rent: Information to be confirmed, vendor reports the costs to be £1240 per 6 months

Traditional 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. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. 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. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Property Brochure

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Property Auction Pack

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EPC

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Floor Plan

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**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: SA1 5HN

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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