Lot 39 - 6 Hoo Street, Neath, West Glamorgan, SA11 2PA

  • Unconditional Online Auction Sale
  • Guide Price* : £35,000 +

Property for Renovation/Investment

Description

ONLINE AUCTION from 7th DECEMBER-9th DECEMBER

A mid terrace property situated in the Britton Ferry area.

We have been advised the property requires full upgrade works and refurbishment throughout. We believe the property comprises lounge kitchen and bathroom.

The property is currently occupied and we have been advised the tenant is being re-homed by the local council although we do not have an exact date as to when the occupant will be leaving.

The property is ideal for buy to let purposes, with improvements properties in this area usually achieve around £525-£550 per calendar month.

A Prohibition Order has previously been served on the property but has since been rescinded.

Accommodation

Accommodation Lounge Kitchen bathroom two bedrooms

*Paul Fosh Auctions has been unable to inspect the property but believe the above to be correct.

Tenancies

Occupied with a rent of £500 PCM but the rent is not being collected at present

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.

Bidding not yet open
Minimum Opening Bid

£31,000


Bidding Opens On
7th Dec 2021 12:00
Scheduled End Date

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Paul Fosh Auctions
01633 254044

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