10-12 Terrace Road, Swansea, West Glamorgan, SA1 6HW
- Unconditional Online Auction Sale
- Guide Price* : 125000.00
A former public house is currently being advertised for auction, presenting a unique investment opportunity. The property, which retains its traditional charm and spacious layout, offers significant potential for redevelopment. Prospective buyers may choose to restore it to its original function as a pub, capitalizing on its historical value and community appeal, or convert it into residential studios, catering to the demand for compact urban living. With its versatile layout and prime location, the site presents an excellent prospect for investors, developers, or business owners looking to revitalize a classic establishment.
Description
The property comprises an end of terrace former public house arranged over lower ground, ground and first floors beneath a pitched roof. Externally, there is a forecourt to the front and a former beer garden to the rear. The property occupies a site area extending to approximately 0.047 hectares (0.116 acres).
Key points and Planning Advantages,
• Application to make 8 one-bedroom studio flats approved in 2018 after appeal.
• Original application declined due to design not allowing enough natural light into the flats and some privacy issues with the sloping concrete wall to side boundary.
• Appeal made with design changes and application was accepted.
• No parking provision required previously
• Not in a conversation area
• Minimal internal changes needed for redevelopment.
• Tenure Freehold.
• Location, The property is located on the north side of Terrace Road at its junction with Harries Street. Quadrant Shopping Centre is within a 20-minute walk to the south. The waterfront, marina and universities are all accessible. Swansea Rail Station is a 15-minute walk to the east. The A4118, A483 and Junction 42 of the M4 Motorway, together with Cardiff Airport, are all accessible.
Tenure:
We are advised that the property is Freehold, however at the time of preparing these details for this property, we have not seen the title deeds so cannot verify the tenure - Prospective purchasers are requested to ask their legal adviser to verify the tenure of this property.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in employment of Propertybid has the authority to make or give any representation or warranty in respect of the property. Propertybid have not tested any apparatus, equipment, fitting or service and so cannot verify they are in working order. The buyer is advise to obtain verification from their solicitor or surveyor. All measurements are approximate. Items shown in any photograph are not necessarily included in the sale.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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