Lot 69 - 20.00, Port Talbot, SA12 6PE

  • Unconditional Online Auction Sale
  • Guide Price* : £215,000+
  • Bedrooms: 6

Addendum

This lot has been withdrawn from the upcoming auction.

Investment Opportunity

Description

ONLINE AUCTION from 2nd FEBRUARY - 4th FEBRUARY

A mixed use investment opportunity located in Aberavon in Port Talbot. The property is a large end of terrace, three storey building and consists of 6 residential letting rooms with shared facilities and a self contained shop on the ground floor. The rooms are fully let with the majority of tenants remaining in place for multiple years. The property benefits from gas central heating (not tested) and double glazing, as well as 3 garages to the rear of the property. The shop is self contained and has its own gas, electric and water meters

The property is situated on a main road and benefits from good levels of footfall. Aberavon offers a good selection of amenities and shops, with Port Talbot town centre nearby offering a more extensive selection.

This is an opportunity for an investor to take over an existing HMO with an attractive income.

Accommodation

Floor Description Rent
Ground Floor Shop - Main shop area, 2 previous tanning rooms, ancillary space, wc Vacant
Ground Floor Room 1 - Entrance hall, wc, living/bedroom area Let on an AST at £79.50 per week
Ground Floor Room 2 - Entrance hall, wc, living/bedroom area Let on an AST at £79.50 per week
First Floor Room 3 - Living/bedroom area Let on an AST at £79.50 per week
First Floor Room 4 - Living/bedroom area Let on an AST at £65 per week
First Floor Communal kitchen and bathroom
Second Floor Room 5 - Living/bedroom area Let on an AST at £65 per week
Second Floor Room 6 - Living/bedroom area Let on an AST at £65 per week
Second Floor Storage room
Total Annual Income (with vacant shop) £27,542

Tenancies

To be sold subject to AST 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 £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.

Loading the bidding panel...

Viewing

Paul Fosh Auctions
01633 254044

Office Contact

Ryan Saunders

Documents

Auction Finance

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.

Share