Lot 93 - 11 & 11a Raglan Road, Hengoed, CF82 7LY
Guide Price* : £68,000+
- Unconditional Online Auction Sale
Residential investment/Development opportunity
Description
ONLINE AUCTION from 8th JUNE-10th JUNE
A substantial freehold detached building comprising 2 flats and a large basement area offering potential for further improvement and development potential . The property is situated in the popular village of Hengoed, close to Ystrad Mynach and is ideal for access to Blackwood & Caerphilly. The property is part let with one flat let on a Assured Shorthold Tenancy agreement to a well established tenant, in occupation since 2010, who is keen to remain. Both flats have the benefit of gas fired central heating (not tested).
VIRTUAL TOUR
Accommodation
Ground Floor: Flat 11;- Entrance hall, lounge, 2 bedrooms, kitchen, bathroom
First Floor: 11a:- Entrance hall, lounge, 2 bedrooms, kitchen, bathroom
Basement Area: 2 large rooms in shell condition offering potential subject to planning for further development
Outside: Side access and rear garden area
Tenancies
Flat 11a is currently let at £350 pcm to a long standing tenant but could be re-let at £475 pcm
Flat 11 to be sold vacant but could let at £475 pcm
Potential when fully let £11,400 and scope to increase with basement development
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* : £68,000+
- Unconditional Online Auction Sale
Residential investment/Development opportunity
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
Documents
Auction Finance
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