ONLINE AUCTION from 8th JUNE-10th JUNE
A substantial freehold detached building comprising 2 flats and a large basement area offering potential for further improvement and development potential . The property is situated in the popular village of Hengoed, close to Ystrad Mynach and is ideal for access to Blackwood & Caerphilly. The property is part let with one flat let on a Assured Shorthold Tenancy agreement to a well established tenant, in occupation since 2010, who is keen to remain. Both flats have the benefit of gas fired central heating (not tested).
Ground Floor: Flat 11;- Entrance hall, lounge, 2 bedrooms, kitchen, bathroom
First Floor: 11a:- Entrance hall, lounge, 2 bedrooms, kitchen, bathroom
Basement Area: 2 large rooms in shell condition offering potential subject to planning for further development
Outside: Side access and rear garden area
Flat 11a is currently let at £350 pcm to a long standing tenant but could be re-let at £475 pcm
Flat 11 to be sold vacant but could let at £475 pcm
Potential when fully let £11,400 and scope to increase with basement development
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.