Lot 60 - Richmond, Alexandra Road, Llandrindod Wells, Powys, LD1 5LS

  • Unconditional Online Auction Sale
  • Guide Price* : £130,000+

Addendum

This property has sold prior to auction.

LOT 60 - Residential Investment

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

A substantial three storey mid terrace property comprising four self-contained flats (one per floor). The property has been well managed and maintained and benefits from UPVC double glazing and gas central heating (not tested) with each flat having its own boiler and new radiators throughout. The property underwent extensive fire safety improvements including dedicated landlords electric supply & consumer unit and a Grade A / L2 integrated fire alarm system covering the top three flats, the communal hallway and landing storage cupboard together with mains emergency lighting throughout the communal area and entrance porch.

In addition, all of the ceilings and shared internal stud walls were over-boarded and new fire doors installed on each flat entrance to provide 30 minutes fire separation. The basement flat having its own entrance was treated as a separate dwelling with 60 minutes fire separation on the ceilings and local mains wired battery backed heat and smoke detectors in the kitchen and hallway respectively. All of the electric meters are situated in a single fire proof cupboard in the entrance porch of the building with the four gas meters in meter boxes by the entrance to the basement flat at the rear of the building. Flat 1 and 3 have water meters fitted in the flats with flats 2 and 4 water charges based on rateable value. The fire alarm and emergency lights are serviced every six months and the gas boilers every year.

The property is fully occupied with some very well established tenants of a number of years and some less and has historically enjoyed superb occupancy levels. The property is ideal for access to Llandrindod town centre with it’s wide range of shops including 2 supermarkets, train station and bus station. There are schools at both primary and secondly level and the town is ideal for the Brecon Beacons national park and other outdoor pursuits.

Accommodation

Lower GF: Flat 1 - Lounge, kitchen, bedroom bathroom
Ground Floor: Flat 2 - Lounge, kitchen, bedroom, bathroom
First Floor: Flat 3 - Lounge, kitchen, bedroom, bathroom
Second Floor: Flat 4 - Lounge, kitchen, bedroom, bathroom
Outside: Forecourt

Tenancies

Flat 1 - Rent £2160 half yearly = £316.80
Flat 2 - Rent £303 / month £278.76
Flat 3 - Rent £400 / month = £352
Flat 4 - Rent £290 / month = £290

£1,237.56 PM
£14,850.72 P/A

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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