Block of Apartments for sale

Main features:
Ground floor 72.46m2 (780 sq ft) plus upper parts.
Comprising two self contained flats.
The property is currently let and producing an annual income of 12% plus P/A.

Description location & directions; Barbara Rees Commercial is pleased to offer this three storey investment property, comprising a ground floor lock up shop unit and two self contained residential flats.

The property is located on the high street in Tonypandy with direct access to the shop being gained from Dunraven Street, whilst the residential flats are accessed from the rear (via Eleanor Street).

Dunraven Street is represented by a mix of national retailers and local business’s and Tonypandy is situated just off the Mid Rhondda by pass (A4119 / A4088) being six miles to the North West of J34 M4.

Viewing; Strictly accompanied viewing only, by prior appointment via our Tonypandy office.

Ground floor / gross forntage; 4.26m (14ft) modern shop front, with security roller shutters.

Approx internal dimensions / floor area; 72.46m2 (780 sq ft) comprising of retail sales up to 59.73m2 (643 sq ft), plus a staff room / kitchenette and wc.

Upper parts; Comprising of two self contained residential flats, separately serviced including gch (not tested).

Each flat has a lounge / diner, a fitted kitchen, two bedrooms and a bathroom.

Tenancy details; The shop is let via formal lease for five years from 01.02.2014 at a passing rent of £6, 500 p/a . Both flats are let via assured short hold tenancies and each flat produces £3, 900 & £4, 200 p/a respectively, to give a total yield (income of 12% plus p/a).

Costs; Each party to be responsible for their own costs.

General notes; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. Barbara Rees is advised that the property has the benefit of all mains services, although this and the adequacy and condition of any and all equipment / fixtures and fittings / inventory items, should be confirmed by the prospective purchaser or via the acting solicitors.

Commercial mortgage / business loan; Available subject to status, please ask for an appointment with our independent financial advisor.

Asking price £120, 000.