Lot 69 - Ferguson House, Bethel Street, Neath, SA11 2HQ

  • Unconditional Online Auction Sale
  • Guide Price* : £409,000

Addendum

This lot has been withdrawn from the auction.

Investment Opportunity

Description

ONLINE AUCTION from 27th APRIL-29th APRIL

A substantial freehold building which consists of six high standard apartments, one maisonette and a ground floor office area. The building has been converted in recent years and offers a fantastic opportunity for investment.

The conversion has been done to high specification, which includes gas combination boilers in each apartment (not tested) and bespoke Scandinavian windows. The property is in excellent condition overall.

The building is situated on the corner of Bethel Street which benefits from local amenities and easy access to the M4 motorway and A48 road, making it ideal for commutes to Swansea, Cardiff and beyond. Briton Ferry town centre is nearby and provides a larger selection of amenities, with Neath town centre easily accessible via the A474.

The majority of the building is currently tenanted and there would be a high demand for letting opportunities of this standard in the area.

VIRTUAL TOUR

Accommodation

Floor Description Rent
Ground Floor Office Area - 2 office rooms, storage area and access to basement Currently let on an AST at £200pcm
Ground Floor Flat 5 - Entrance hallway, kitchen, living room, bathroom, bedroom Currently let on an AST at £470pcm
Ground Floor Flat 6 - Entrance hallway, kitchen, living room, bathroom, bedroom (partially done) Vacant
First Floor Flat 2a - Entrance hallway, kitchen/dining/living area, bathroom Currently let on an AST at £500pcm
First Floor Flat 2b - Entrance hallway, kitchen/dining/living area, bathroom, bedroom Currently let on an AST at £420pcm
First Floor Flat 3 - Entrance hallway, living room, kitchen, bathroom, bedroom Currently let on an AST at £450pcm
First Floor Flat 4 - Entrance hallway, kitchen/dining/living area, bathroom, bedroom Currently let on an AST at £470pcm
Second Floor Flat 1 - Entrance hallway, Living room, bathroom, kitchen/diner Currently let on an AST at £550pcm
Second Floor Flat 2 - Entrance hallway, kitchen/dining/living area, shower-room, bedroom Currently let on an AST at £450pcm
Third Floor Landing, 2 bedrooms
Total current income per annum £42,120

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, 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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