Waiting for video...
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 |
1,598.49 | 148.5 |
Second Floor Flat 4: Entrance, lounge/kitchen, bedroom, bathroom, office Flat 5: Lounge/kitchen, bedroom, bathroom/shower |
1,708.29 | 158.7 |
Third Floor Flat 6: Entrance, kitchen/lounge, bedroom, bathroom |
1,708.29 | 158.7 |
Outside - Small courtyard | ||
Total | 8669.54 | 805.4 |
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/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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.