Lot 20 - Flats at Bethel Court, Oxford Street, Pontycymer, Bridgend, Mid Glamorgan, CF32 8DD

  • Unconditional Online Auction Sale
  • Guide Price* : £330,000 +
  • Bedrooms: 0

Lot 20 - Block of Flats for Investment

Description

ONLINE AUCTION from 15th APRIL-17th APRIL

A fully occupied former chapel arranged as 8 one bedroom flats with planning permission for a further two flats. The flats are perfect for those looking for a great investment opportunity.

The current landlords have enjoyed good occupancy levels over the years.

All flats are currently occupied and are achieving over £40,000 per annum in rental income. There is scope to increase this figure with the development of the two additional flats.

The majority of tenants are long term tenants and have expressed a strong desire to remain.

The ground floor offers four flats with a further four to the first floor.

To the side there is a communal garden area.

The property is located in the heart of Pontcymmer and offers mountain views. Pontycymer is convenient for access to Bridgend, McArthur Glen Retail Park, and the M4 motorway.

Accommodation

Ground Floor: Communal Entrance hallway, stairs to first floor, Flats 1 - 4. (All flats comprise, entrance hall, lounge kitchen, shower room and bedroom)
First Floor: Landing, Flats 5 - 8 (All flats comprise entrance hall, lounge kitchen, shower room, bedroom
Outside: Side communal garden, pedestrian access to around perimeter

Tenancies

Rents : (PCM)
Flat 1 : £422.50
Flat 2 £425
Flat 3 £424.97
Flat 4 £424.97
Flat 5 £425
Flat 6 £425
Flat 7 £390
Flat 8 £425
£3362.44 per calendar month

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 1.5% of the purchase price (subject to a minimum of £1,500) 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

Legal Documents

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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.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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