Lot 17 - Ty Ysgol, Ynyshir Road, Porth, CF39 0EW

  • Unconditional Online Auction Sale
  • Guide Price* : £810,000+

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 £346.66 per month (let on AST)
Flat 2 Lounge/kitchen, bedroom, bathroom £325 per month (let on AST)
Flat 3 Lounge/kitchen, bedroom, bathroom £346.66 per month (let on AST)
Flat 4 Lounge/kitchen, bedroom, bathroom £303.33 per month (let on AST)
Flat 5 Lounge/kitchen, bedroom, bathroom £325 per month (let on AST)
Flat 6 Lounge/kitchen, bedroom, bathroom £325 per month (let on AST)
Flat 7 Lounge/kitchen, bedroom, bathroom £303.33 per month (let on AST)
Flat 8 Lounge/kitchen, bedroom, bathroom £303.33 per month (let on AST)
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 £346.66 per month (let on AST)
Flat 10 Lounge, kitchen, 2 bedrooms, bathroom £355.33 per month (let on AST)
Flat 11 Lounge/kitchen, bedroom, bathroom £303.33 per month (let on AST)
Flat 12 Lounge/kitchen, bedroom, bathroom £325 per month (let on AST)
Flat 13 Lounge, kitchen, bedroom, bathroom £303.33 per month (let on AST)
Flat 14 Lounge, kitchen, 2 bedrooms, bathroom £476.66 per month (let on AST)
Flat 15 Lounge, kitchen, bedroom, bathroom £346.66 per month (let on AST)
Flat 16 Lounge/kitchen, bedroom, bathroom £325 per month (let on AST)
Flat 17 Lounge/kitchen, bedroom, bathroom £303.33 per month (let on AST)
Flat 18 Lounge/kitchen, 2 bedrooms, bathroom £325 per month (let on AST)
Flat 19 Lounge, kitchen, bedroom, bathroom £455 per month (let on AST)
Flat 20 Lounge, kitchen, 2 bedrooms, bathroom £325 per month (let on AST)
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. 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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