Lot 103 - Flats 1-3, 65 Brynhyfryd Road, Briton Ferry, Neath, West Glamorgan, SA11 2LE
Lot 103 - Flats 1-3, 65 Brynhyfryd Road, Briton Ferry, Neath, West Glamorgan, SA11 2LE
Guide Price* : £92,000+
- Unconditional Online Auction Sale
- 3 Bedrooms
- |
- 3 Bathrooms
Lot 103 - Block of 3 flats for Investment
Description
ONLINE AUCTION FROM 28TH-30TH JULY
An opportunity to purchase a block of 3 self-contained flats with a courtyard garden and the added benefit of two garages at the rear. The property offers investment and development as follows: Flat 1 one bedroom is to be sold with tenant in situ at £600 pcm. Flat 2 two bedroom currently vacant and turn key ready (tenant recently vacated) with an estimated rental of £700 pcm. Flat 3 to be sold with vacant possession and is currently an unfinished shell ready for full renovation with an estimated completion cost (via vendors costings) of £18,000. We have been informed by the Vendor that the tenant has given notice and plans to vacate the property before the 30th July (tbc).
The bustling town of Neath offers easy access to M4 corridor and offers good bus and rail links.
Accommodation
Ground Floor
Flat 1 - (not inspected) lounge/kitchen 1 bedroom, shower room
Flat 2 - open plan lounge/kitchen, 2 bedrooms, shower room
First Floor
Flat 3 - undeveloped shell
Outside
Rear courtyard garden with side access to street
2 Garages at rear
Tenancies
To be sold with part vacant possession/ part tenant in situ
The property is let at -
Flat 1 £600 pcm (£7200 per annum) - Tenant is situ
Flat 2 Anticipated £700 pcm (£8,400) - Currently vacant
Flat 3Anticipated £700pcm (£8,400) - Unfinished shell
Anticipated total income when fully tenanted - £24,000
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 sarah@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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.
Guide Price* : £92,000+
- Unconditional Online Auction Sale
- 3 Bedrooms
- |
- 3 Bathrooms
Lot 103 - Block of 3 flats for Investment
Viewing
Paul Fosh Auctions
Office Contact
Angie Davey
Documents
Legal Documents
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