Lot 32 - Garth House, 16 Morfa Street, Bridgend, Bridgend, CF31 1HA

  • Unconditional Online Auction Sale
  • Guide Price* : £228,000
  • Bedrooms: 4

Lot 32 - Period property converted into 5 flats for Investment

Description

ONLINE AUCTION FROM 10TH - 12TH DECEMBER 2024

A period detached house situated on a no through road, adjacent to a primary school, which has been converted into 5 self contained flats. Being sold along with the Freehold the flats are situated over two floor - four 1 bedroom flats plus a studio flat - 2 with private entrances and 3 via the communal entrance. There is a rear communal garden with access from the communal hallway and side gate which leads to a driveway with parking for 2 cars. There is double glazing/gas central heating (not tested). All 5 flats are occupied and to be sold with tenants in situ who want to stay. The vendor informs us that he achieves a rental of £2,705 pcm and £32,460 per annum.

Bridgend (Pen-y-Bont) is a town in the Bridgend County Borough of Wales, 20 miles (32km) east of Swansea. The town is named after the medieval bridge over the River Ogmore. The River Ewenny also flows through the town. Good commuter links via the B4061 and M4. The Princess of Wales Hospital is a short distance away.

Accommodation

GROUND FLOOR
Flat 1 Lounge, kitchen, utility room, bedroom, bathroom, private side entrance and rear direct access to garden.
Flat 2 Lounge, kitchen, utility cupboard, bedroom, shower room, private front entrance

First floor - Via Communal Hallway
Flat 3 Lounge, kitchen, bedroom, bathroom
Flat 4 Lounge, kitchen, bedroom, bathroom
Studio Flat 4A (not inspected) Open plan lounge/kitchen/bedroom, bathroom

Outside Rear communal garden with gated side access. Driveway for two cars

Tenancies

The property is let at  a total of £2,705 pcm (£32,460 p/a)

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 or email lettings@paulfoshlettings.com for invaluable advice.

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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Office Contact

Angie Davey

Documents

Legal Documents

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