Lot 33 - School House, School Street, Pontyclun, CF72 9AA

  • Unconditional Online Auction Sale
  • Guide Price* : £495,000+

Addendum

This lot has been withdrawn prior.

Investment Opportunity

Description

ONLINE AUCTION from 8th SEPTEMBER

A substantial freehold block of six flats with partially constructed extension to the rear with planning for a further two. The property is situated in a popular location close to local amenities and shops and the train station is one minute away with direct links to Cardiff.

Planning:
Planning has been granted for 2 further units to the rear.
Planning application no - 14/0618/10

VIRTUAL TOUR: Flat 2

VIRTUAL TOUR: Flat 3

The property is fully occupied by well established tenants and each of the flats benefit from UPVC double glazing. Flats 2, 2a, 3 & 4 have gas central heating (not tested) and flats 5 & 6 have electric heating (not tested).

Accommodation

Floor Description Rent
Ground Floor Communal hallway
Flat 2 Ground Floor Entrance, lounge, kitchen, 2 bedrooms, bathroom Let on AST at £500 pcm
Flat 2a Ground Floor Entrance, lounge, kitchen, 2 bedrooms, bathroom Let on AST at £500 pcm
Flat 3 First Floor Entrance, lounge, kitchen, 2 bedrooms, bathroom Let on AST at £500 pcm
Flat 4 First Floor Entrance, lounge, bedroom, kitchen, bathroom Let on AST at £500 pcm
Flat 5 Second Floor Lounge/bedroom, kitchen, bathroom Let on AST at £400 pcm
Flat 6 Second Floor Lounge, kitchen, bedroom, bathroom Let on AST at £291 pcm
Outside Rear parking/yard
Approx annual income of £33,000 with scope to increase further

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 £750) 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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Office Contact

Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions, 01633 254 044
01633 254044

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