Lot 25 - Sandringham, Temple Street, Llandrindod Wells, LD1 5HG

  • Unconditional Online Auction Sale
  • Guide Price* : £250,000+

Residential Investment Opportunity

Description

ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER

A traditional end of terrace town house which has been converted into 8 self-contained flats. The property is situated within a popular and convenient location with a selection of local amenities and shopping facilities nearby.

The building has benefited from some maintenance in recent years, with attention to the roof and chimney stack. A new flat roof was installed over the dormer window also. The flats further benefit from gas central heating (not tested).

This is a rare opportunity to purchase a majority occupied block which would provide investors with an immediate income. There is further potential to improve the condition of the individual apartments and sell them on separately.

Llandrindod Wells is set within Powys County, between the Brecon Beacons National Park and The Shropshire Hills, both areas of outstanding natural beauty.

Accommodation

Column 1 Column 2 Column 3
Flat Description Rent
Flat 1 1 bedroom Occupied (£310 pcm)
Flat 2 1 bedroom Occupied (£300 pcm)
Flat 3 1 bedroom Occupied (£265 pcm)
Flat 4 2 bedroom Occupied (£325 pcm)
Flat 5 1 bedroom Occupied (£274.80 pcm)
Flat 6 2 bedroom Vacant since October 2020 (previously let at £325 pcm)
Flat 7 1 bedroom Occupied (£290 pcm)
Flat 8 2 bedroom Occupied (£320 pcm)
Total Income £2,084.80 pcm (£25,017.60 pa)

Tenancies

To be sold subject to Assured Shorthold Tenancy Agreements.

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. 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.

Bidding not yet open
Minimum Opening Bid

£240,000


Bidding Opens On
8th Dec 2020 12:00
End Date

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Joint Agent

Morgan & Co - 01597 825682

Office Contact

Ryan Saunders

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Morgan & Co - 01597 825682

Documents

Legal Documents

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