20 September 2023: Wednesday 20 September 2023 - 9:00am
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    Key features

    • To be offered on 10th October
    • Vacant Freehold Investment Opportunity
    • Mixed Use - Retail/Office
    • Planning Permission Granted for two, one bedroom flats
    • Prior Council 'Transforming Towns' grant approval for £30,000, subject to full application 
    • Opportunity to Create High Yielding Investment

    Description

    The property comprises a vacant mixed use retail/office building arranged over basement, ground, and first floors. The ground floor comprises a vacant retail unit, with separate office, basement storage, kitchenette, WC and separate rear workshop leading to the rear access lane. Whilst the first floor comprises office space and further attic floor space which has been incorporated into the planning approval. The first floor offices benefit from separate access via a rear lane.

    The property is to be sold vacant with the benefit of planning on the upper parts to create two, one-bedroom apartments.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note the property has not been inspected by Savills but we understand that the property comprises


    Basement

    Ground Floor Shop

    First Floor Office

    Attic Floor Space

    Tenancy

    Vacant

    Planning

    Swansea Council

    Planning ref: 2022/0711/FUL

    Description: Change of use of part of ground floor retail (Class A1) and first and second floor offices/storage (Class B1) to form 2 one bedroom residential units (Class C3) to include front and rear fenestration alterations, front rooflight, rear dormer and associated works

    Click here for Link to planning portal

    Rent

    Vacant
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located in Swansea close to the City centre approximately 42 miles west of Cardiff and is regarded as one of Wales' main cities. The property occupies a good secondary corner location of Dillwyn Street in close proximity to the end of Oxford Street, the Swansea Quadrant Shopping Centre and the large Tesco Extra.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums