Lot 8 - 119 - 122 Ynyshir Road, Porth, Mid Glamorgan, CF39 0EW

  • Unconditional Online Auction Sale
  • Guide Price* : £283,000+
  • Bedrooms: 0

Addendum

New guide price

Lot 8 - Residential Investment

Description

ONLINE AUCTION from 8th - 10th NOVEMBER

A substantial freehold building comprising 9 flats which are fully let. The property is situated in the popular village of Ynyshir which lies north of Porth and Pontypridd and enjoys both good road and transport links and amenities.

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.

The property is fully UPVC double glazing with most of the flats having electric storage heating and a couple with gas central heating (not tested).

VIRTUAL TOUR

Council Tax Band

A

Accommodation

122 Ynyshir Road;

Floor Description Rent
Flat 1 Living room, kitchen, bathroom, 1 bedroom with gas combi central heating and hot water with UPVC DG £303.33pcm
Flat 2 Living Room, kitchen, 2 bedrooms, bathroom with gas combi central heating and hot water with UPVC DG £303.33pcm
Flat 3 (maisonette) Living Room, kitchen, 2 bedrooms, bathroom with electric storage heaters and hot water with UPVC DG £320pcm
Flat 4 Living room, kitchen, bathroom, 1 bedroom with electric heating and kot water with UPVC DG £320pcm
Flat 5 Living room, Kitchen, 2 bedrooms, bathroom with gas combi central heating and hot water with UPVC DG £300pcm
120 Ynyshir Road
Flat 6 Living Room, kitchen, 2 Bedrooms, bathroom with gas combi central heating and hot water with UPVC DG
Flat 7 Living Room/kitchen, 2 bedrooms, bathroom with gas combi central heating and hot water with UPVC DG £320pcm
119 Ynyshir Road Living room / Kitchen / Bedroom and Bathroom with Electric Heating and Hot water with UPVC Double Glazing £285pcm
119a Ynyshir Road Living room, Kitchen, bathroom, 1 bedroom with electric heating and hot water with UPVC DG £270pcm
Outside Yard and parking area
Total annual income £33,216

Tenancies

The flats are let on AST at £2,768 pcm (£33,216 p/a)

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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