Studio for sale

Apartment 9, Portland House 58-60, The Kingsway, Swansea SA1

For sale by auction on Wednesday, 21 May 2025 at 12:00

Venue: Online

Residential Investment

A centrally located fully let student accommodation unit, we are advised that the apartment is currently generating a rental amount of £625 per calendar month (£7,500 per annum).

The apartment has a fitted kitchen, featuring a dishwasher, cooker/oven, microwave and fridge freezer. The living area includes a sofa and coffee table. The sleeping area comes with a double bed, wardrobe unit, a work desk, and a chair. There is also a separate shower room with wash hand basin and WC. The apartment benefits from gas central heating (not tested) and double glazing. The unit is fully managed by Student Digz (Swansea) along with the entire development.

Tenancies
We are advised that the property is currently let at £625 per calendar month (£7,500 per annum) until the 30/06/2026. Please refer to the legal pack for confirmation.

Viewings
Auction House Wales on .

Council Tax Band - B
EPC Rating: C

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.