Lot 15 - 99 Bute Street, Treherbert, Treorchy, Mid Glamorgan, CF42 5NY

  • Unconditional Online Auction Sale
  • Guide Price* : £69,500 +
  • Bedrooms: 2

LOT 15 - Property for Investment

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

A spacious freehold building comprising two flats. The ground floor flat is currently occupied by a long term tenant who is keen to remain and is currently paying £350 per calendar month.

The property has historically enjoyed excellent occupancy levels and would be an ideal purchase for a buy to let landlord. The property benefits from double glazing and each flat has gas central heating (not tested) provided by individual Combi boilers (not tested).

The property is ideally situated for access to Treorchy town centre with its excellent range of shopping facilities, amenities and train station.

Accommodation

Ground Floor: Flat 1 - (Communal entrance), entrance hallway, lounge, kitchen, bedroom, bathroom
First Floor: Flat 2 - Entrance, lounge, 2 bedrooms, kitchen, bathroom
Outside: Rear garden

Tenancies

Flat 1 let on an assured shorthold tenancy agreement at £350 pw (£4,500 pa)
Flat 2 to be sold with vacant possession

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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