Lot 33 - School House, School Street, Pontyclun, CF72 9AA
Lot 33 - School House, School Street, Pontyclun, CF72 9AA
Addendum
This lot has been withdrawn prior.
Guide Price* : £495,000+
- Unconditional Online Auction Sale
- 6 Bedrooms
Investment Opportunity
Description
ONLINE AUCTION from 8th SEPTEMBER
A substantial freehold block of six flats with partially constructed extension to the rear with planning for a further two. The property is situated in a popular location close to local amenities and shops and the train station is one minute away with direct links to Cardiff.
Planning:
Planning has been granted for 2 further units to the rear.
Planning application no - 14/0618/10
VIRTUAL TOUR: Flat 2
VIRTUAL TOUR: Flat 3
The property is fully occupied by well established tenants and each of the flats benefit from UPVC double glazing. Flats 2, 2a, 3 & 4 have gas central heating (not tested) and flats 5 & 6 have electric heating (not tested).
Accommodation
| Floor | Description | Rent |
|---|---|---|
| Ground Floor | Communal hallway | |
| Flat 2 Ground Floor | Entrance, lounge, kitchen, 2 bedrooms, bathroom | Let on AST at £500 pcm |
| Flat 2a Ground Floor | Entrance, lounge, kitchen, 2 bedrooms, bathroom | Let on AST at £500 pcm |
| Flat 3 First Floor | Entrance, lounge, kitchen, 2 bedrooms, bathroom | Let on AST at £500 pcm |
| Flat 4 First Floor | Entrance, lounge, bedroom, kitchen, bathroom | Let on AST at £500 pcm |
| Flat 5 Second Floor | Lounge/bedroom, kitchen, bathroom | Let on AST at £400 pcm |
| Flat 6 Second Floor | Lounge, kitchen, bedroom, bathroom | Let on AST at £291 pcm |
| Outside | Rear parking/yard | |
| Approx annual income of £33,000 with scope to increase further |
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* : £495,000+
- Unconditional Online Auction Sale
- 6 Bedrooms
Investment Opportunity
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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