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SOLD PRIOR
ONLINE AUCTION from 9th APRIL-11th APRIL
A substantial freehold building comprising a ground floor retail unit and two flats and further area for a further studio flat (with planning). There is also a basement area ideal for storage or workshop etc. The property also benefits from a spacious carparking area with access from rear lane that may offer further development potential (subject to necessary planning consent).
The property is sold with two well established tenants in the flats and a hairdressing salon in the retail unit. The town of Tonypandy benefits from a wide section of shops, amenities and transport links.
VIRTUAL TOUR
Ground Floor: Hairdressers and potential studio apartment
First Floor: Flat 6a – Hallway, kitchen, shower room, w/c, lounge/dining room, 2 bedrooms
Second Floor: Flat 6b – Entrance, lounge, kitchen, bedroom, bathroom
Lower GF: Basement with 3 rooms (ideal for storage or workshop)
Outside: Rear carpark for several vehicles
A
Tenant | Rent |
---|---|
Total income £1,040 pcm - £12,480 pa | |
Retail unit | Let at £350 pcm |
Flat 1 | Let at £345 pcm |
Flat 2 | Let at £345 pcm |
The residential rents are due to increase in July and with the studio and workshop let scope to achieve circa £16,000.
The property is managed by Paul Fosh Lettings and a member of the team would be happy to discuss the existing tenancies and queries about continuing the management in the future.
Advised Freehold - to be verified by solicitor
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.
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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