PRIME NEW LISTING. We are excited to present this vacant 6 room, 27 bed HMO/Hostel located within a prime location in Swansea.
**Richmond Villas, Ffynone Road, Swansea, sold for £750,000, Walter Road, Abertawe, Walter Road, Swansea, SA1 sold for £700,000, Uplands, Swansea SA1 6HX sold for £699,950.**
The property is fully equipped and ready to be utilised as a fully functional HMO/Hostel. It presents a perfect opportunity for ambitious investors or business owners looking to capitalise on its potential.
With the going rate for room rentals in the area at £70 per night, the property could potentially generate £1,323 per night. This equates to an impressive £482,895 per annum, based on a 70% occupancy rate.
Situated in a sought-after location, the property benefits from great footfall, passing trade, local amenities, and excellent transport links. It is priced to sell!
PRIME NEW LISTING. We are excited to present this vacant 6-room, 27-bed HMO/Hostel located within a prime location in Swansea.
The property comprises an inviting entrance leading to a vibrant bar/social area, a practical storage room, and six spacious bedrooms, each with its own ensuite.
This property is fully equipped and ready to be utilised as a fully functional HMO/Hostel, making it a perfect buy for ambitious investors or business owners.
With rooms renting at £70 per night in the area, there is potential to generate considerable income, totalling £482,895 annually, at a 70% occupancy rate.
Located in a sought-after area, the property benefits from high foot traffic, excellent amenities, and convenient transport links. It is priced to ensure a swift sale.
The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.
Excellent sales evidence in the area:
**Richmond Villas, Ffynone Road, Swansea sold for £750,000, Walter Road, Abertawe, Walter Road, Swansea, SA1 sold for £700,000, Uplands, Swansea SA1 6HX sold for £699,950.**
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website.
This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
Location
Swansea, a coastal city in Wales, is renowned for its stunning beaches, vibrant cultural scene, and a range of local amenities. Its strategic location offers excellent transport links and a wealth of historical attractions, making it an appealing destination for both residents and visitors alike.
