Lot 27 - 28 Church Street, Ebbw Vale, NP23 6BG

  • Unconditional Online Auction Sale
  • Guide Price* : £173,000+
  • Bedrooms: 2

Three High Spec Tenanted Flats

Description

ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY

Located in the town of Ebbw Vale this property would make the ideal investment.

The property is comprised of two, x2 bedroom flats and one, x1 bedroom flat, all of which have been renovated to a high spec. The property has had complete electrical rewire, complete new gas heating system (not tested) and fully fitted kitchens as part of the refurbishment, which occurred 12 months ago. The utilities are separate so the property lends itself to a title split to be 3 individually saleable units rather than one freehold block. All flats are currently tenanted and have good rental history. Based on our guide price and the current rental income, this property achieves a 10.2% yield.

*** PLEASE NOTE THAT THE VENDOR IS SELLING THIS PROPETY AS PART OF A PORTFOLIO . THEREFORE IF LOT 25 SELLS THEN THIS LOT WILL BE WITHDRAWN EVEN IF BIDDING HAS COMMENCED, THE RESERVE HAS BEEN MET OR BIDDING HAS NOT YET CLOSED ***

Accommodation

The tenancy schedule is as follows: ;

Floor Description Rent
Ground Floor Flat 1 £450 pcm
First Floor Flat 2 £525 pcm
Second Floor Flat 3 £495 pcm
Monthly Total £1,470 pcm
Annual Total £17,640 pa

To the rear of the property is parking for approximately two cars.

Tenancies

All three flats are tenanted and have AST agreements

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/land transaction tax (LTT). 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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