Lot 10 - Pentre Court, 24 Heol Ystrad, Pentre, Rhondda Cynon Taf, CF41 7PQ

  • Unconditional Online Auction Sale
  • Guide Price* : £175,000+
  • Bedrooms: 8

Lot 10 - 8 Flats for investment

Description

ONLINE AUCTION from 14th MAY-16th MAY

An opportunity to acquire a block of 8 studio apartments situated in the village of Pentre which lies between Tonypandy and Treorchy and has a great range of local amenities and Train station with direct links to Cardiff on the newly electrified line.

The majority of the building is sold with vacant possession other than flat 5 which is let.

The remaining flats will require upgrading and improvement works however the building should offer an excellent return per annum with market rents in the area typically £400 pcm for a studio apartment with an annual income of potentially £38,000 +.

Council Tax Band

A

Accommodation

Floor Description Rent
Ground Flat 1 - Entrance, lounge/kitchen/bedroom, bathroom
Ground Flat 2 - Entrance, lounge/kitchen/bedroom, bathroom
Ground Flat 3 - Entrance, lounge/kitchen/bedroom, bathroom
Ground Flat 4 - Entrance, lounge/kitchen/bedroom, bathroom
First Flat 5 - Entrance, lounge/kitchen/bedroom, bathroom £195 pcm
First Flat 6 - Entrance, lounge/kitchen/bedroom, bathroom
First Flat 7 - Entrance, lounge/kitchen/bedroom, bathroom
First Flat 8 - Entrance, lounge/kitchen/bedroom, bathroom

Tenancies

All flats other than Flat 5 are vacant.
Flat 5 is let at an historic rent of £195.00 pcm however market rents in the area are now around £400.00 Plus.
The annual income once improved should be in the region of £38,000 +

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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