Lot 32 - The Reddings, Alexandra Road, Llandrindod Wells, Powys, LD1 5LS

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

Addendum

This property has sold prior to auction.

LOT 32 - Residential Investment

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

A substantial end of terrace property comprising 4 self-contained flats. All of the flats have UPVC double glazing throughout and gas central heating (not tested). The ground floor flat has a Worcester Bosch Greenstar 28i junior condensing boiler installed and the other three flats have Worcester 25SI combi boilers.

All flats have RCD protected electric consumer units with the most recent electric periodic inspection having been completed in September 2017. All four flats have EPC ratings of ‘D’.

In 2011 the property underwent extensive fire safety improvements which included the installation of a dedicated landlords electric supply and consumer unit, 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 30mins 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. All four flats have 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 its wide range of shops including 2 supermarkets and train station & 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: Lounge, kitchen, bedroom, bathroom
Ground Floor: Lounge, kitchen, bedroom, bathroom
First Floor: Lounge, kitchen, bedroom, bathroom
Second Floor: Lounge, kitchen, bedroom, bathroom
Outside: Forecourt and rear Yard

Tenancies

Flat 1 – Rent £296.35
Flat 2 – Rent £425
Flat 3 – Rent £280
Flat 4 – Rent £300
£1,226.64 P/M
£14,719.68 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/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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01597 825644

Office Contact

Sean Roper

Documents

Auction Finance

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