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ONLINE AUCTION from 30th AUGUST - 1st SEPTEMBER
An opportunity to acquire a substantial freehold block comprising 7 recently upgraded and improved flats. The flats each benefit from attractive modern kitchens and bathrooms and electric storage heating, new wiring and are all tastefully decorated throughout. There is a spacious communal patio and garden area to the rear and the flats have seen incredible demand for waiting tenants since the launch. All flats are now fully let to professional tenants on 12 month ASTs.
The village of Tylorstown is situated approx. 4 miles north of Porth which is currently seeing investment with the construction of the new transport hub.
Flat 3 - Entrance hall, lounge/kitchen, inner hall, bedroom, bathroom
Flat 1 - Entrance, lounge/kitchen, bedroom, bathroom
Flat 2 - Entrance, lounge/kitchen, bedroom, bathroom
Flat 7 - Hallway, lounge, kitchen, bedroom, bathroom
Flat 4 - Entrance hallway, bedroom, lounge, kitchen, bathroom
Flat 5 - Entrance hallway, lounge, kitchen, bedroom, bathroom
Flat 6 - Hallway, lounge, kitchen, bedroom, bathroom
Outside: Rear & side communal gardens with patio area and fine views
0 years ( years unexpired)
Flat 1 let at £400 PCM
Flat 2 let at £400 PCM
Flat 3 let at £450 PCM
Flat 4 let at £450 PCM
Flat 5 let at £425 PCM
Flat 6 let at £450 PCM
Flat 7 let at £425 PCM
Total annual income £36,000
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/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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