Lot 32 - 12-15 Church Street, Abertillery, Gwent, NP13 1DA

  • Unconditional Online Auction Sale
  • Guide Price* : £240,000+
  • Bedrooms: 8

LOT 32 - Residential investment

Description

ONLINE AUCTION from 21st - 23rd June

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. All 8 flats have very recently benefited from an internal wall insulation grant and 6 flats have the very latest electric heating installed.

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 or email rhys@paulfoshlettings.com for invaluable advice.

VIRTUAL TOUR

Accommodation

Ground Floor:
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
First Floor:
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.

Tenancies

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

Tenure

Advised Leasehold- 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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Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper

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