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ONLINE AUCTION from 31st JANUARY-2nd FEBRUARY
A spacious ground floor flat with its own private entrance and access to the communal hallway offering lounge, kitchen, 3 bedrooms and bathroom. Included in the sale is the Freehold for the building which consists of 5 flats. Income generated from the Freehold is currently as follows:- Building insurance £250 per annum - £50 per flat. Service charge £750 per annum - £150 per flat. The property was previously let at £500 pcm though we anticipate a more accurate rental of around £550 pcm. The property is to be sold with vacant possession.
Ystrad or Ystrad-Rhondda is a village and community (and electoral ward) in the Rhondda Fawr valley, Rhondda Cynon Taf, Wales. Ystrad is a former coal mining village which once housed the most profitable collieries belonging to the Cory brothers. Like most former coal mining communities in the South Wales Coalfield, Ystrad is remarkably self-contained. There is a very strong community in Ystrad Rhondda - a common feature of these mining towns. The Ystrad Rhondda railway station is on the Rhondda Line opened by British Rail.
Ground Floor: Lounge, kitchen, 3 bedrooms, bathroom
To be sold with vacant possession.
Included in the sale is the Freehold for the building which consists of 5 flats. Income generated from the Freehold is currently as follows:- Building insurance £250 per annum - £50 per flat. Service charge £750 per annum - £150 per flat.
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Advised Leasehold - 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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