This lot has been withdrawn prior.
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 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).
|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|
|Approx annual income of £33,000 with scope to increase further|
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 £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.
This auction is now closed.
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