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ONLINE AUCTION from 26th - 28th July
An opportunity to acquire a substantial freehold building comprising 14 bedsit flats (guide price equates to approximately £38,000 per unit). The property is fully occupied and has had excellent occupancy levels historically. The property is well managed and maintained and benefits from UPVC double glazing and each flat has gas central heating (not tested). There is a spacious rear yard/car park and bin store to the rear with lane access.
The village of Taff’s Well lies just North of Cardiff and has an excellent range of local amenities and transport links inc train station. The A470 is easily accessible for access to the M4.
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 firstname.lastname@example.org for invaluable advice.
Ground Floor: 7 bedsits
First Floor: 7 bedsits
Communal kitchen x 2
Communal Bathroom x 2
WC X 2
Outside: Rear Yard/Carpark/Bin Store with lane access
Each flat is let on an AST at £360 pcm and the smaller room (room 8) is let on AST at £330 pcm
Total annual income £60,120
Advised Freehold - 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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