Lot 64 - 37a Aberfan Road, Aberfan, Merthyr Tydfil, Mid Glamorgan, CF48 4QN

  • Unconditional Online Auction Sale
  • Guide Price* : £98,000+

LOT 64 - Residential/Commercial Investment

Description

ONLINE AUCTION from 12th APRIL-14th APRIL

A substantial freehold building comprising three self-contained flats and a lockup shop unit. The property is situated on a main road position in the centre of the village and has previously benefitted from substantial improvement works under a government grant. The building has had a replacement roof and re-render, a steel fire escape erected to the rear of the property, central heating to each of the flats (not tested) and UPVC double glazing.

Accommodation

Ground Floor Lockup shop/retail with store and wc
Flat 1: Hall, bathroom, kitchen, lounge/bedroom
First Floor
Flat 2: Hall, bathroom, kitchen, dining room, lounge/bedroom
Flat 3: Hallway, lounge, bedroom, kitchen, dining room, bathroom
Outside Enclosed side passage area giving access to court yard with access to ground and first floor flats

Tenancies

Flat 1 let at £350 pcm
Flat 2 let at £290 pcm
Flat 3 let at £270 pcm
Shop £180 pcm
Total annual income £13,080

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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Paul Fosh Auctions
01633 254044

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