Lot 93 - 11 & 11a Raglan Road, Hengoed, CF82 7LY

  • Unconditional Online Auction Sale
  • Guide Price* : £68,000+

Residential investment/Development opportunity

Description

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).

VIRTUAL TOUR

Accommodation

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

Tenancies

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

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 £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.

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Sold for £97,500

This auction is now closed.

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions
01633 254044

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