A purpose-built modern apartment with sweeping marina views could be a valuable income generating investment for its new owner.
To be sold with a sitting tenant the two-bedroom, second floor apartment is at Altamar on the Kings Road in Swansea.
Angie Davey, of Paul Fosh Auctions, says the property could prove to be a savvy investment due to its strategic location and proximity to a ready Swansea city rentals market.
“Overlooking the marina the apartment has gated concierge parking which includes not only an allocated parking space but also visitor’s parking
“With lift service and entry phone system the two-bedroom property provides a lounge/dining room with Juliette balcony, kitchen and bathroom. There is double glazing and untested electric heating.
“The property, which is listed with a guide price of £96,000, is to be sold with a tenant in situ. The previous tenant has now vacated but the vendor of the apartment is in the process of advertising for another tenant amid incoming student bookings at the start of the new academic year.
“The flat was previously let at £1,100 pcm equating to £13,200 pa.”
“The local area offers modern waterfront living and easy access to local bars, restaurants and shops along with good road links to the M4 corridor.
“Swansea University and hospital are in the vicinity which can provide a lucrative source of potential tenants.”
Swansea is the second largest city of Wales and twenty-fifth largest in the United Kingdom.
The area is undergoing a programme of re-generation. Excellent transport links via Swansea rail networks and the M4.
The next Paul Fosh Auctions sale, when this and some 100-plus other varied lots will be on offer, starts at 12 noon on Tuesday, October 6 and ends from 2pm on Thursday, October 8.
