Lot 5 - 3-4 Mile End Court Pontmorlais, High Street, Merthyr Tydfil, CF47 8UB

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000 +

LOT 5 - Residential Property for Redevelopment/Investment

Description

ONLINE AUCTION from 17th MAY-19th MAY

An opportunity to acquire two semi detached properties with planning in place for conversion into 4 one bed apartments. The property also benefits from 2 parking spaces.

Currently number 3 is occupied by a tenant paying £350 per calendar month. To the ground floor the property consists of lounge and kitchen with two bedrooms and bathroom to the first floor. The property benefits from gas central heating and double glazing.

Number 4 offers similar living accommodation however is in a poor condition.

The property is located just off the high street and could appeal to those looking for Airbnb opportunities of buy to let.

The town centre has a wide selection of independent retailers at Pontmorlais, the historic area of the town centre where Redhouse Cymru and Theatre Soar arts centres are located. Independent grocers and retailers are also located at Glebeland and Victoria Street. Merthyr Tydfil also offers the UKs biggest purpose built biking resort with 4 new trails added in 2021.

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us on 01633 746800 or email rhys@paulfoshlettings.com for invaluable advice.

Directions: Location (What Three Words App): GLARE.ADVICE.LIONS
The property is located on Tramroadside N, try postcode CF47 0BG
Parking is limited. Parking is available on the High Street. Walk up past Roberts Lane (off High Street) and bare left.

VIRTUAL TOUR

Accommodation

Number 3
Ground Floor: Lounge, kitchen
First Floor: 2 bedrooms, bathroom
Outside: Allocated parking for one vehicle
Number 4
Ground Floor: Lounge Kitchen (TBC)
First Floor: Two bedrooms, bathroom (TBC)
Outside: Small rear yard, allocated parking for one vehicle

Planning: Planning in place for four one bed apartments until Jan 2023

Tenancies

Number 3 sold with tenant on AST at £4,200 pa
Number 4 Vacant

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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