6 bed Flat For Sale £194,000
3 The Promenade, Swansea, West Glamorgan, SA1 6EN

FOR SALE BY AUCTION - -Lot 5 - Residential Investment
ONLINE AUCTION from 14th MAY-16th MAY

A deceptively spacious 3 storey mid terraced HMO property situated in a pleasant street with views across Swansea and Swansea Bay. The property is currently arranged as 2 self- contained flats (6 bed HMO license) both with separate utilities one with two bedrooms and one with four bedrooms, along with two kitchens and two bathrooms. There is a courtyard area with rear and side access leading to the front and a ground floor room. The tenants are paying £450 per room per calendar month an income of £32,400 per annum. The HMO Licence is valid until 16/5/2026 (see legal pack).

Swansea is seeing extensive regeneration and is a fantastic investment area due to the businesses and students in the area (Swansea University). Excellent commuter links via the M4 and rail. Swansea is the second largest City in Wales. Gower was the first place in Britain to be named an Area of Outstanding Natural Beauty (AONB). With cliffs and woodlands ringed by sparkling beaches, the Gower peninsula is so adored by walkers, birdwatchers, sunbathers and surfers, this 70-square-mile (180sq km) paradise has been scooping awards ever since. The dramatic landscape of the Gower Peninsula must be seen to be believed. There are numerous attractions to enjoy in this remarkable outcrop of land. Three Cliffs Bay is regularly voted one of the most dramatic locations in Britain, requiring a 20 minute walk to reveal its true splendour. The huge sweep of Rhossili Bay, featuring the broad expanse of Llangennith Beach is equally awe-inspiring - it's as if you've reached the furthest point of land on the planet.

VIRTUAL TOUR

Ground Floor - self contained flat: 2 bedrooms, kitchen, bathroom, vacant room
First and Second Floor - self contained flat: 4 bedrooms, kitchen, bathroom
Outside:Rear Courtyard with rear and side access

Tenure:
To be sold with tenants in situ
The property is let at £2,700 pcm (£32,400 p/a)

Tenancies:
To be sold with vacant possession