Lot 17 - Ty Ysgol, Ynyshir Road, Porth, CF39 0EW
- Unconditional Online Auction Sale
- Guide Price* : £810,000+
- Bedrooms: 0
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Lot 17 - Residential Investment
Description
ONLINE AUCTION from 4th OCTOBER-6th OCTOBER
A substantial detached freehold building comprising 20 flats and a former day care centre that offers scope for conversion to further flats or commercial use or offer potential for other uses such as café , creche or offices or fitness studio/gym etc (subject to necessary planning consents).
Situated in the popular village of Ynyshir which lies north of Porth and Pontypridd and offers good road links via the A4233. There are an excellent range of shops and amenities and transport links locally.
The property has been owned and managed by the same family for over 30 years and is well maintained and presented. The flats have historically enjoyed near full occupancy over the years with a number of long term tenants in situ, all on Assured Shorthold contacts. 19 of the flats benefit from electric storage heating and 1 flat benefits from gas central heating. Externally there is a spacious car park and communal gardens. We are informed that there is a high demand for accommodation whenever a unit becomes available.
The current rents reflect the fact that many tenants have been in occupation for a number of years and any buyer should have scope to increase the rents either with current tenants or new occupants in the future.
The property benefits from UPVC double glazing and are generally spacious in size.
VIRTUAL TOUR
Accommodation
| Floor | Description | Rent |
|---|---|---|
| Ground Floor | ||
| Flat 1 | Lounge/kitchen, bedroom, bathroom | |
| Flat 2 | Lounge/kitchen, bedroom, bathroom | |
| Flat 3 | Lounge/kitchen, bedroom, bathroom | |
| Flat 4 | Lounge/kitchen, bedroom, bathroom | |
| Flat 5 | Lounge/kitchen, bedroom, bathroom | |
| Flat 6 | Lounge/kitchen, bedroom, bathroom | |
| Flat 7 | Lounge/kitchen, bedroom, bathroom | |
| Flat 8 | Lounge/kitchen, bedroom, bathroom | |
| Former day care centre | Entrance hallway, communal reception room, offices and storage units with canteen and kitchen and wcs | Vacant |
| First Floor | ||
| Flat 9 | Lounge, kitchen, bedroom, bathroom | |
| Flat 10 | Lounge, kitchen, 2 bedrooms, bathroom | |
| Flat 11 | Lounge/kitchen, bedroom, bathroom | |
| Flat 12 | Lounge/kitchen, bedroom, bathroom | |
| Flat 13 | Lounge, kitchen, bedroom, bathroom | |
| Flat 14 | Lounge, kitchen, 2 bedrooms, bathroom | |
| Flat 15 | Lounge, kitchen, bedroom, bathroom | |
| Flat 16 | Lounge/kitchen, bedroom, bathroom | |
| Flat 17 | Lounge/kitchen, bedroom, bathroom | |
| Flat 18 | Lounge/kitchen, 2 bedrooms, bathroom | |
| Flat 19 | Lounge, kitchen, bedroom, bathroom | |
| Flat 20 | Lounge, kitchen, 2 bedrooms, bathroom | |
| Outside | Communal gardens and spacious car park | |
| Total annual income | £81,223.82 |
Tenancies
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.
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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