A well-known former Swansea pub has been sold for a six-figure sum at auction. The White Swan, which has been a fixture of the city's High Street for generations, has been snapped up by a mystery bidder for £210,000. It was being marketed by auctioneers Paul Fosh, and the value of the old boozer almost doubled within two days, with bids initially starting at £122,000.
The former watering hole, which is to be sold with vacant possession, is located on a prominent part of the street which is being rapidly modernised and developed, with significant investments including new student developments, and the revamp of the historic Palace Theatre. You can read more about what's going on there by clicking here. The future plans for the building are currently unknown, but Paul Fosh wrote in its advertisement that the property "would make an ideal investment lending itself to re-use as a public house or, subject to the relevant planning permission, a restaurant, gym or conversion into residential accommodation."
Previously rented for £18,000 per annum, the building comprises of a bar and lounge area, and the top floor has four bedrooms, a living room, kitchen and bathroom. There's been a number of new additions to High Street in recent times, including businesses like Greggs and Tesco, which you can read more about by clicking here. You can also head here to take a walk down memory lane and remember some of the long forgotten businesses which once traded there.
