Lot 28 - Flat 5 Griffin Court, Osborne Road, Pontypool, NP4 6LZ
- Unconditional Online Auction Sale
- Guide Price* : £45,000+
- Bedrooms: 2
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Lot 28 - Flat for Investment
Description
ONLINE AUCTION from 12th DECEMBER-14th DECEMBER
A recently refurbished two bedroom ground floor flat. The property is currently tenanted and is achieving a rental income of £650 per a month.
An ideal investment, based on our guide price this property is achieving a 17.33% yield.
We have been advised there is a right to manage agreement in place.
We had not yet been able to gain access to the property, however have been advised that the premises can be entered via a separate entrance.
Location
Located in Pontypool, this well presented property is situated on a residential road and is approximately a five minutes walk into the town centre. The property offers easy road links for those commuting, along with a train station which is approximately a 15 minute drive away. The property is within walking distance to the new hospital and George Street Primary school.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that no vat is applicable on this sale.
Service Charge
We have been advised that the property currently has a right to manage scheme in place, and is currently paying a service charge of £250 per year.
There are fully fitted carbon monoxide and smoke alarms at the property.
Council Tax Band
B
Lease Start Date
25/03/1989
Lease Duration
999 years (964 years unexpired)
Tenancy
| Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
|---|---|---|---|---|
| Flat 5 | Occupational Contract | 17th August 2023/16th February 2024 | 6 months | £650 pcm |
Tenancies
Currently tenanted and is achieving a rental income of £650 pcm.
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential, we have a Lettings Department that can help you. Please call us on 01633 746800 or email sarah@paulfoshlettings.com for invaluable advice.
Tenure
Advised Leasehold - 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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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