Lot 10 - 66 Merthyr Road, Pontypridd, CF37 4DD

  • Unconditional Online Auction Sale
  • Guide Price* : £270,000+
  • Bedrooms: 6

Addendum

Please be aware that there is a notification regarding the current tenancies in the 'special conditions' document contained within the accompanying legal pack.

Residential Investment Opportunity

Description

ONLINE AUCTION 23rd JULY

A substantial large Victorian villa-style property that comprises 6 letting units.

A new 5 year HMO license was granted on 10th February 2020 running until 23rd February 2025 (Licensed for 12 persons). The units are of a good size and have been well maintained and updated. The property has historically enjoyed good occupancy levels and is currently fully let to professional tenants.

Each unit comprises its own kitchen and bathroom and there are two gas combi boilers running the building. There is a separate heating zone for each floor. The property was re-wired approximately 8 years ago. There is also separate laundry room outside housing washing machines and a tumble dryer.

The property is close to Pontypridd town, A470, bus, and rail services serving commuters in and out of the Cardiff and South Wales area. Pontypridd town is currently undergoing major development including the headquarters of South Wales Metro operator TRANSPORT FOR WALES, a new library and leisure hub. The University of South Wales is nearby.

VIRTUAL TOURS:
Ground Floor Side Flat
Ground Floor Rear Flat
First Floor Side Flat
First Floor Rear Flat
Second Floor Front Flat
Second Floor Rear Flat

VIEWINGS
Due to easing of travel restrictions by the Welsh Government, we are now carrying out viewings on this property. To book onto a scheduled viewing, please email info@paulfoshauctions.com or call 01633 254 044.

Viewing Schedule

Date Time
Due to Covid 19 restrictions and the property being tenanted only parts of the property will be available for inspection.

Accommodation

Floor Description Rent
Unit 1 Lounge, bedroom, kitchen, shower room £125 per week
Unit 2 Bed sitting room, shower room, kitchen/dining room £125 per week
Unit 3 Lounge/kitchen, bedroom, bathroom, rear porch £125 per week
Unit 4 Lounge/kitchen, bedroom, shower room £125 per week
Second Floor
Unit 5 Bed sitting room, kitchen, shower room, spare room £125 per week
Unit 6 Lounge/kitchen, bedroom,bathroom £125 per week
Outside Front and rear garden with utility room with 2 x washing maching and tumble dryer

Tenancies

Each unit is let at £125 per week (£540 PCM per unit)

Income when fully let £38,880

The current landlord only rents to one person per unit. There is potential to increase rent by letting to two people per unit

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 £975) 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

Sean Roper

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.

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