Lot 85 - 82/83 Tylacelyn Road, Tonypandy, CF40 1LA

  • Unconditional Online Auction Sale
  • Guide Price* : £210,000+
  • Bedrooms: 6

Lot 85 - Two Commercial Units & Four Residential Flats - Fully Tenanted

Description

ONLINE AUCTION from 29th AUGUST-31st AUGUST

The property is comprised of two commercial units, two, 1 bedroom flats and two, 2 bedroom flats.

Fully tenanted, with a rental income of £34,200 per annum. Based on the guide price, this would provide a rental yield of 16.29%.

Location
Located in an established high street on one of the main thoroughfares through Penygraig this property would make an ideal investment.

Services
The property benefits from water and electricity (not tested).

Business Rates
No.82 - Current rateable value is £3,100. The property is classified as 'Shop and premises'.
No.83 - Current rateable value is £3,450. The property is classified as 'Shop and premises'.

VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).

Council Tax Band

A

Tenancy

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
No.82 - Flower Shop FRI 11.04.2022 12 months £450 pcm
No.82a - 2 Bed Flat AST 01.06.2021- (section 21 has been served, court proceedings have been actioned. Tenant due to vacate on 5th Sept). 6 months £600 pcm
No. 82b - Maisonette AST 08.12.2017 6 months £325 pcm (to be increased to £425 pcm)
No.83 - Flower/Sweet Shop FRI 14.01.2022 12 months £450 pcm
No.83a - 2 Bed Flat AST 08.07.2022 6 months £600 pcm
No.83b - 1 Bed Flat AST 19.07.2021 12 months £425 pcm
Total £2,850 pcm

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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