Call 0800 038 5996

Guide Price: £50,000.00

Traditional Auction

Apartment 323 Castle Buildings , 32 Castle Street , Swansea , SA1 1JG

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AUCTION SOLD

Lot Number: 88529806

Property ID: 90127793

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

Guide Price

£50,000.00

Method of Auction

Traditional

Property Type

Flat

Number Of Beds

1

Tenure

Leasehold Property

Address

Apartment 323 Castle Buildings

Key Features

• Guide Price £50,000 - £60,000
• Ideal Airbnb & Investment
• Tenant In Situ - Currently Paying £495 pcm
• Leasehold
• Potential Rental Yield of 9.5%
• Auction Date: Thursday 26th May at 13:00
• 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 **

An extremely spacious studio apartment situated in the heart of the City. The apartment itself has a substantial open-plan bedroom and lounge, a modern kitchen with white goods as well as a bathroom with bath and wall-mounted shower. The development also enjoys secure access and both bin and bike storage. Being in the city centre, local amenities are near by with excellent transport links and easy access to the M4.

Tenant Currently Paying £495 pcm
Lease Length: 125 years from 1st December 2004.
Service Charge: £404 per annum.
Ground Rent: £100 per annum.

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 ASKING 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 1JG

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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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