Lot 10 - Washington Buildings, Stryd Yr Orsaf, Porth, Rhondda Cynon Taf, CF39 9NY

  • Unconditional Online Auction Sale
  • Guide Price* : £135,000+
  • Bedrooms: 13

Addendum

Please refer to tenancy details for rental income

Lot 10 - Commercial / Residential Investment

Description

ONLINE AUCTION from 5th MARCH-7th MARCH

A substantial freehold building that occupies an excellent corner position opposite Porth train station. The property comprises a ground floor shop unit with lower ground floor area for storage or display and eight flats on the upper floors.

The property is ideally situated for Porth's main shopping street and is opposite the new Transport Hub and train station. The commercial unit may also offer scope for conversion to residential subject to necessary planning permission.

Virtual Tour:

Council Tax Band

A

Accommodation

Floor Description Rent
Ground Retail sales area with lower ground floor storage/display area
Upper floor - Flat 1 Hallway, lounge/kitchen, bathroom, 2 bedrooms £415 pcm
Upper floor - Flat 2 Hallway, bathroom, 2 bedrooms, lounge, kitchen £415 pcm
Upper floor - Flat 3 Hallway, lounge, kitchen, bedroom, bathroom £400 pcm
Upper floor - Flat 4 Lounge, kitchen, stairs to 2 bedrooms and shower room Vacant but could achieve £415-£435 when tenanted
Upper floor - Flat 5 Entrance Hall, lounge/kitchen, shower room, stairs to bedroom £415 pcm
Upper floor - Flat 6 Hallway, lounge, kitchen, shower room, 2 bedrooms Vacant but could achieve £415
Upper floor - Flat 7 Hallway, lounge, kitchen, bedroom, bathroom £415 pcm
Upper floor - Flat 8 Hallway, lounge, kitchen, shower room, 2 bedrooms £415 pcm
Outside Yard area to rear with parking

Tenancies

6 flats are currently let and 2 are vacant - potential income when fully let £3266 p/a
Commercial unit sold with vacant possession but should let at £12,000 p/a
Total annual income £52,000

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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