House For Sale £250,000
FOR SALE BY PUBLIC AUCTION: The auction will take place online on 14th May 2024 at 04:24 PM with registration through our website.
REDUCED - Mixed use investment property comprising a retail unit and four apartments in good order in the centre of Taffs Well
Description
The three storey detached building comprises a lock up shop to the front of the building that is currently vacant and four individual one bedroom apartments currently let on AST's. The building itself appears to be of brick/stone construction under a pitched tile roof with painted render elevations and also has an attractive rear patio which is accessed directly from Flat 1 in the lower ground floor. The apartments are generally in good order, especially Flats 1 & 3 while Flats 2 & 4 would benefit from some decorative improvement when next become vacant.
Taffs Well is situated just North of Cardiff with good links via the A470 to the M4 and beyond. Cardiff road is the Main Street of the village and the building is located well for local amenities and services.
Please see further notes below but we have been informed that the current income for the property is £1425pcm (£17,100pa) In our opinion, there is certainly room for rental improvement with rental betterment and the occupation of the vacant apartment and retail unit.
N.B. Please note that we have been informed that the rental incomes for flats 1,2 & 3 totals £1425 pcm (£17,100pa). Flat 4 and the ground floor retail unit are confirmed to be vacant. Please consult the legal pack for further details.
Full tenancy details to follow with confirmation of tenure and all tenancies within the legal pack.
Accommodation
LGF - Flat 1 - Sitting room, kitchen, shower room, lobby, bedroom
GF - Lock up retail unit, WC. Flat 2 - Lobby, living room/kitchen, bathroom, bedroom
FF - Flat 3 - Lobby, living room/kitchen, bathroom, bedroom. Flat 4 - Lobby, living room/kitchen, bathroom, bedroom
OS - Rear patio accessed from Flat 1.
Informed Freehold please refer to legal pack for verification of tenureAdditional Fees
Buyers Premium 1.2% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co
REDUCED - Mixed use investment property comprising a retail unit and four apartments in good order in the centre of Taffs Well
Description
The three storey detached building comprises a lock up shop to the front of the building that is currently vacant and four individual one bedroom apartments currently let on AST's. The building itself appears to be of brick/stone construction under a pitched tile roof with painted render elevations and also has an attractive rear patio which is accessed directly from Flat 1 in the lower ground floor. The apartments are generally in good order, especially Flats 1 & 3 while Flats 2 & 4 would benefit from some decorative improvement when next become vacant.
Taffs Well is situated just North of Cardiff with good links via the A470 to the M4 and beyond. Cardiff road is the Main Street of the village and the building is located well for local amenities and services.
Please see further notes below but we have been informed that the current income for the property is £1425pcm (£17,100pa) In our opinion, there is certainly room for rental improvement with rental betterment and the occupation of the vacant apartment and retail unit.
N.B. Please note that we have been informed that the rental incomes for flats 1,2 & 3 totals £1425 pcm (£17,100pa). Flat 4 and the ground floor retail unit are confirmed to be vacant. Please consult the legal pack for further details.
Full tenancy details to follow with confirmation of tenure and all tenancies within the legal pack.
Accommodation
LGF - Flat 1 - Sitting room, kitchen, shower room, lobby, bedroom
GF - Lock up retail unit, WC. Flat 2 - Lobby, living room/kitchen, bathroom, bedroom
FF - Flat 3 - Lobby, living room/kitchen, bathroom, bedroom. Flat 4 - Lobby, living room/kitchen, bathroom, bedroom
OS - Rear patio accessed from Flat 1.
Informed Freehold please refer to legal pack for verification of tenureAdditional Fees
Buyers Premium 1.2% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co
