This lot has been postponed and will be re-offered in June
ONLINE AUCTION from 12th APRIL-14th APRIL
An opportunity to acquire a substantial block of 8 self-contained flats. The property is well maintained and managed and has full occupancy with some well established tenants. The property is situated in the centre of Abertillery convenient for shops and amenities and good road links to Newport and The M4 motorway.
The flats benefit from fitted kitchens and bathrooms and each flat has electric storage heating.
Flat 8 - Lounge/dining room, 2 bedrooms, bathroom
Flat 3 - Lounge, kitchen, bedroom, bathroom
Flat 2 - Lounge, Kitchen, bedroom, bathroom
Flat 7 - No internal inspection carried out by auctioneers
Flat 5 - Lounge, kitchen, bedroom, bathroom
Flat 6 - Lounge, kitchen, bedroom, bathroom
Flat 4 - Lounge, kitchen, bedroom, bathroom
Flat - No internal inspection carried out by auctioneers
Outside: Communal yard area and public parking space.
Flat 1 is let on AST at £330 pcm (15 years occupancy)
Flat 2 is let on AST at £330 pcm (5 years occupancy)
Flat 3 is let on AST at £360 pcm
Flat 4 is let on AST at £365 pcm
Flat 5 is let on AST at £360 pcm
Flat 6 is let on AST at £340 pcm
Flat 7 is let on AST at £330 pcm (6 years occupancy)
Flat 8 is let on AST at £360 pcm (7 years occupancy)
£33,300 total annual income
Advised Leasehold- to be verified by solicitor
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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