Please note the guide price has increased
ONLINE AUCTION from 8th JUNE-10th JUNE
An opportunity to acquire a freehold block of 3 flats and garages. The property is situated in a popular residential location close to amenities and road links to the M4 and Neath & Swansea. The flats are all let to well established tenants who are keen to remain.
The flats benefit from UPVC double glazing and the property has external wall insulation.
The garages are currently let and are interconnecting into two larger garages however this could be put back to four in the future. Two garages have electric roller doors with the others being manual.
Ground Floor (65): Entrance, lounge/kitchen, bedroom, shower room
First Floor (65a): Entrance stairs to first floor lounge/kitchen, 2 bedrooms, bathroom
First Floor (65b): Entrance, lounge/kitchen, bedroom, bathroom
Outside: Forecourt and yard to rear
65 let on on AST at £75 per week
65A let on on AST at £100 per week
65B let on on AST at £85 per week
Total income pcm £1,040
Total annual income £12,480
The garages are let at £95 pcm
Total annual income £1,140
Advised Freehold - to be verified by solicitor
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 £975) 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.
This auction is now closed.
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