Lot 48 - 16 Barry Road, Barry, CF63 1BA

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000+
  • Bedrooms: 5

Addendum

Withdrawn

Please note: Renovated to meet current HMO licensing standards.

Lot 48 - HMO Investment opportunity

Description

ONLINE AUCTION from 30th AUGUST - 1st SEPTEMBER

A substantial freehold 5 bed ready to go HMO Investment property. Recently renovated to a high standard meeting all current HMO regulations. An ideal turn key investment, the property comes fully furnished and ready to let.

Property comprises 5 letting rooms, 2 of which are ensuite, plus an additional communal bathroom, kitchen and living room. Each letting room has the added feature of its own tea stand and fridge.
Situated within easy walking distance of Barry town centre and public transport links to Cardiff.

Anticipated rental income of £30,300 per year, 16.8% investment yield on guide price.

This is an ideal opportunity for a landlord wanting an investment ready to go in an area with a high demand for this type of accommodation.

VIRTUAL TOUR

Accommodation

Ground Floor: Entrance, 1 bedroom with en suite showeroom/w/c, Communal living room, kitchen/diner, rear lobby
First Floor: 3 bedrooms, shower room
Second Floor: 1 bedroom with en suite shower room/wc
Oustide: Rear yard with patio area

Council Tax Band

C

Tenancies

To be sold with vacant possession but should let for approx £30,300 per annum

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/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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