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ONLINE AUCTION from 26th JULY-28th JULY
Located in an established high street on one of the main thoroughfares through Penygraig this property would make an ideal investment.
The property is comprised of two commercial units, X2 1 bedroomed flats, x2 two bedroom flats.
Fully tenanted, with a rental income of £27,600 per annum this property. Based on the guide price this would provide a rental yield of 13.145.
|Column 1||Column 2||Column 3|
|Property||Tenancy Details||Monthly Rent|
|No.82-Flower Shop||12 month rolling FRI Lease from 14th Jan||£400|
|No.83-Gift/Card Shop||12 month rolling FRI Lease from 14th Jan||£400|
|No.82a-2 Bedroom Flat||12 months (Sec 21 served)||£425|
|No.82b-1 Bedroom Maisonette||2 years +||£325|
|No.83a-2 Bedroom Flat||12 month tenancy rolling||£375|
|No.83b-1 Bedroom Flat||12 month tenancy from 19th Jan 2021||£375|
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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