Lot 75 - The Freehold of 170-171 East Road, Tylorstown, Ferndale, CF43 3BU
- Unconditional Online Auction Sale
- Guide Price* : NIL
Freehold Reversion
Description
ONLINE AUCTION from 2nd FEBRUARY - 4th FEBRUARY
A freehold block of flats in the area of Tylorstown near Ferndale. The block consists of 8 flats, all of which were sold on individual leases.
Please Note: Four flats are held by the same leaseholder who does not qualify and as the number of qualifying tenants does not exceed 50% of the number of flats in the building there is no requirement to issue Section 5B notices under the 1987 Landlord and Tenant Act.
Accommodation
| Tenant | Rent |
|---|---|
| Flat | Lease |
| Flat 1 | 99 year lease from 29.05.2003 |
| Flat 2 | 99 year lease from 17.06.2003 |
| Flat 3 | 99 year lease from 05.02.2008 |
| Flat 4 | 99 year lease from 12.11.2002 |
| Flat 5 | 99 year lease from 10.09.2004 |
| Flat 6 | 99 year lease from12.11.2002 |
| Flat 7 | 99 year lease from 01.09.2010 |
| Flat 8 | 99 year lease from 01.09.2010 |
£400.00 ground rent income pa and further potential income of £7,200+ from the leaseholders by way of service charges.
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.
Sold for £500
This auction is now closed.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
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