The lot has been sold prior.
ONLINE AUCTION from 8th SEPTEMBER
A substantial four storey building with ground floor retail unit and six residential flats. This impressive building is situated in a prominent position, centrally within Merthyr Tydfil town centre.
Four of the flats are currenty let (with 2 vacant) and the commercial unit which is currently vacant will be ideal for further development.
The flats all benefit from new fitted kitchens and bathrooms and have been given a modern contemporary feel. The town of Merthyr Tydfil has over the last few years benefited from a substantial amount of regeneration and investment including a new retail park, Trago Mills and numerous new independent businesses such as pubs and restaurants.
|Floor||Area Sq Ft||Area Sq M|
|Basement - Cellar area||1,790.10||166.3|
|Ground Floor - Open plan area||1,864.37||173.2|
|First Floor - Via ground floor entrance to rear of building, with security access
Flat 1: Entrance, lounge, kitchen, bedroom, bathroom
Flat 3: Entrance, lounge/kitchen, bedroom, bathroom
Flat 2: Lounge, kitchen, 2 bedrooms, bathroom
Flat 4: Entrance, lounge/kitchen, bedroom, bathroom, office
Flat 5: Lounge/kitchen, bedroom, bathroom/shower
Flat 6: Entrance, kitchen/lounge, bedroom, bathroom
|Outside - Small courtyard|
Flat 1 is let on AST at £525 pcm
Flat 2 is let on AST at £525 pcm
Flat 5 is let on AST at £575 pcm
Flat 6 is let on AST at £575 pcm
Flats 3 & 4 are currenty vacant but could achieve £525 when let
Total annual income when fully let £39,000
There is potential to let the retail unit for between £8,000-£12,000 per annum
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 £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. 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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