land & development in SA1

Walter Road, Uplands, Swansea, Abertawe, SA1 4QA

Starting Bid
£600,000
Time left:
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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Former nightclub and office buildings
  • Well located iconic building
  • Planning for 8 two bedroom flats
  • 1 Penthouse apartment
  • Good size private secure car park
  • Freehold title

land & development in SA1

FOR SALE BY ONLINE AUCTION. Terms and conditions apply.

An opportunity to purchase a ‘turn key’ development solution as two buildings have been combined to provide a large development site, a former bar / nightclub and a suit of offices. Full planning is approved for 8 two bedroom apartments and 1 penthouse apartment.
All apartments would come with outside space or balcony and private secure parking. We believe this site offers a superb rental, management, long term ownership benefits as this historic building is in a very desirable location. Asbestos has removed from site and certificate issued. Bat survey carried out and passed. Section 106 agreed and signed with highways. Following a lengthy planning consultation, plans have been passed that respect the history of this building and its location in a conservation area. Most apartments will have balcony with sea views. This is a development that is ready to go.

The designs have been carefully drafted to mimic other local listed buildings and enhance the look of the existing site. This is not a listed building but is in a conservation area hence a lengthy planning consultation was needed.

The large cellar area offers great potential for storage areas / bike storage etc for the block.

Sold as a turn key development solution but interested parties may also wish to change existing plans to take advantage of historic bar / restaurant / hotel / late license to provide a mixed use development. Current vendor sees the value in a purely residential development as rental / short term rental is in huge demand in this area.

Interested parties may see full planning by going to the Swansea council planning portal and putting '2020/1939/FUL’ into the search box. This will show the time and effort that has gone into producing a great re-design for this iconic building.

Please note that we have not inspected this site.

Summary

  • Property Type: Land & Development
  • Tenure: Freehold
  • Parking: Off Street

Location

Uplands is a vibrant and popular area of swansea with this prestigious development being just a few minutes walk from the bars and restaurants of Uplands or equally a longer walk to the city centre, parks and beach.

Accommodation

Site cleared and ready to start.
The two buildings will be merged to create one prestigious block.
Good size private secure car park which can accommodate a number of vehicles.
Lower ground floor consists of a large basement / cellar which would be ideal use for bike stores.

Planning Permission

Change of use from Bar + Nightclub/Offices (Class A3/A2) to 9 no 1 + 2 bed apartments (Class C3). Increase in roof level by 2.3m to facilitate an additional storey, Increase of tower roof level by 0.7m, replacement of existing rear extensions, fenestration alterations, omissions and additions, widening of existing vehicular and pedestrian access. Further information can be found on the Swansea Council website reference 2020/1939/FUL.

Tenure

Freehold. Title Number: WA308651

Additional Information

For further information please contact our office direct on 0191-737-1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Lower ground floor

Lower ground floor

Ground Floor

Ground Floor

First Floor

First Floor

Second Floor

Second Floor

Ground Floor Planning

Ground Floor Planning

First floor planning

First floor planning

Second Floor Planning

Second Floor Planning

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
Up to £50,000 - £250 minimum bid 
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
£250,001 to £1 million - £2,000 minimum bid 
£1 million+ -  £2,500 minimum bid 

Please note this bidding process applies specifically to online auctions. 

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