Lot 43 - 15 South Road, Porthcawl, CF36 3DH

  • Unconditional Online Auction Sale
  • Guide Price* : £109,000+

Investment Opportunity

Description

ONLINE AUCTION from 16th MARCH-18th MARCH

A substantial bay fronted property which comprises two spacious flats.

The property is conveniently situated for both Porthcawl town centre and the stunning promenade and coastline. The property benefits from UPVC double glazing, gas central heating (not tested) and there is a rear yard for the use of the ground floor flat.

Accommodation

Please note no internal inspection has been carried out by the auctioneers, however, we believe it comprises:
Ground Floor: Flat 1 - Entrance hallway, lounge/dining room, kitchen, bathroom, 2 bedrooms
First Floor: Flat 2 - Landing, lounge, kitchen, bedroom, bathroom
Second Floor: 2 bedrooms
Outside: Rear yard

Tenancies

Ground floor flat is sold off on long leasehold 150 years from 2020 (ground rent £200 per annum)
First floor flat is let on a regulated tenancy at £4,830 per annum

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

£100,000


Bidding Opens On
16th Mar 2021 12:00
End Date

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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