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
Income is £50 per flat pa (rising throughout the terms).
£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.

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Sold for £500

This auction is now closed.

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Paul Fosh Auctions, 01633 254 044
01633 254044

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