Lot 93 - The Freehold of 170-171 East Road, Tylorstown, Ferndale, CF43 3BU

  • Unconditional Online Auction Sale
  • Guide Price* : NIL

Freehold Reversion

Description

ONLINE AUCTION from 16th MARCH-18th MARCH

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.

All buyers must ensure they have read the special conditions within the legal pack and be aware of additional charges required prior to completion.

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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, 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.

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Sold for £100

This auction is now closed.

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Office Contact

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Paul Fosh Auctions, 01633 254 044
01633 254044

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