Lot 48 - 24 Chapel Street, Abercanaid, Merthyr Tydfil, Mid Glamorgan, CF48 1RX

  • Unconditional Online Auction Sale
  • Guide Price* : £82,000+
  • Bedrooms: 3

Lot 48 - Residential Investment

Description

ONLINE AUCTION from 7th MARCH-9th MARCH

An opportunity to acquire two well maintained flats situated in the highly sought after location of Abercanaid Merthyr Tydfil. The property has been well maintained and improved and has a double storey extension to the rear. The flats benefit from UPVC double glazing and gas central heating (not tested) and have smoke detectors and fire doors . The flats are sold with one let and one vacant following a tenant leaving recently. However demand in the area is very high and it should let again quickly.

The local area benefits from a good range of amenities and shops and Merthyr Tydfil town centre is easily accessible by road or public transport and there is a train station with direct links to both Cardiff and Merthyr. The area also boasts a growing demand from tourism with bike park wales close by and The Brecon beacons national park just a few miles away. There are plans for a multi-million pound Ski & Water park, which again can only boost demand in the area for rental properties.

Accommodation

Ground Floor: (Communal entrance) Flat 1: Entrance, bedroom, lounge, kitchen, bathroom
First Floor: Flat 2 - Entrance, bedroom, lounge, kitchen, bathroom
Outside: Rear garden with patio area

Tenancies

Flat 1 To be sold with vacant possession but should let at £400 pcm
Flat 2 Let at £85.00 p/w £4420 p/a

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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