Lot 39 - Flats at Grovefield Terrace, Penygraig, Tonypandy, CF40 1HL

  • Unconditional Online Auction Sale
  • Guide Price* : £490,000+
  • Bedrooms: 7

View a Walkthrough of the Property

Lot 39 - Residential Investment

Description

ONLINE AUCTION from 16th MAY-18th MAY

An impressive detached residence that comprises 7 spacious flats with carpark and wonderful garden areas. The Property has been improved, well maintained and managed with many well established tenants of a number of years.

The property benefits from UPVC double glazing, gas central heating (not tested) and each flat has attractive fitted kitchens and bathrooms but also retains many period features throughout. Externally there are wonderful gardens to the front, sides and car park with scope for 14 vehicles.

The building occupies an elevated position with stunning views to the front across the valley and is convenient for local amenities in both Penygraig and Tonypandy including a local Train Station with direct links to Cardiff.

*Please note, photographs and video tour are from when previously offered in March 2022*

Accommodation

Ground Floor:
Flat 4 - Lounge, kitchen, 2 bedrooms, bathroom
Flat 5 - Lounge, kitchen, 2 bedrooms, bathroom
Flat 6 - Lounge, kitchen, 1 bedroom, bathroom
Lower GF:
Flats 7 - Lounge/kitchen, 2 bedrooms, bathroom
First Floor:
Flat 2 - Lounge, kitchen, 2 bedrooms, bathroom
Flat 3 - Lounge, kitchen, 2 bedrooms, bathroom
Second Floor:
Flat 4 - Lounge /Kitchen, 2 bedrooms, bathroom
Outside: Extensive communal garden area with wonderful views and Car Park for up to 14 Vehicles

Council Tax Band

A

Tenancies

Flat 1 - 2 bed Let at £425pcm (potential £475)
Flat 2 - 2 bed Let at £550 pcm
Flat 3 - 2 bed Let at £575 pcm
Flat 4 - VACANT (previously let at £640 pcm)
Flat 5 - 2 bed Let at £450 (potential £525)
Flat 6 - 1 bed Let at £475 pcm
Flat 7 - 2 bed Let at £318 pcm (potential £500)

Total current annual income when fully let £41,196

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 £1,200) 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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Paul Fosh Auctions
01633 254044

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