LOT 50

Site 4 (iii), Phoenix Way, Swansea, West Glamorgan, SA7 9DD

LEASEHOLD GROUND RENT
Result: Sold for £7,500 Guide price: Reserve Below £500*

Auction Date

Monday, 25th March 2019 11:00am

Location & Description

Comprising 5 buildings on an established commercial estate within the Swansea Enterprise Park, south of the A48 which links with the M4 (Junction 44).

Accommodation

The leasehold is subject to 5 under leases each approximately 80 years and expiring on 13.06.2085 at a peppercorn.
Each leaseholder shares responsibility for the service charge.

Lease Details

A term of years from 10.12.2004 to 15.06.2085 at a peppercorn.

Note

1. VAT is payable
2. The seller advises that there are approximately £23,000 of service charge arrears . The seller will not seek these from the buyer if these are recovered from the under lessees.

Status

Sold for £7,500

Addendum

Notwithstanding the auction particulars, VAT is not payable.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.