Property description
A prominently situated investment property providing a variety of commercial and residential tenancies with 5 self contained 1 bedroomed flats and a ground floor retail unit providing a total rental income of just under £2,000 per month when fully occupied, and providing a return which is nearly 15% on the current guide. At the time of preparing the sales brochure one residential flat was vacant with the rent being generated from the property equating to £1,663 per month or equivalent to £19,956 per annum.
Please Note
Any interested bidders MUST refer to our auction catalogue and terms of sale.
Pre Auction Offers
Offers must be submitted to us in writing and will only be considered if the lot has been viewed and the legal documentation inspected. Pre-auction bids are on the basis of an immediate exchange of auction contracts upon acceptance by the seller, with the buyer providing a full 10% deposit AND the administration fee. Any offer will be assumed to be your best and final offer and we cannot guarantee that you will be invited to increase your bid in the event of an alternative, satisfactory offer being received prior to exchange. Our clients have agreed that only pre-auction offers SUBSTANTIALLY above the top guide price figure will be submitted for their consideration.
Guide Prices
The guide prices are the parameters which we believe the lot may achieve, although by the very nature of entries the actual sale prices may be higher or lower depending upon demand and popularity of the lot at the actual auction. Guide prices are published in good faith and may change at any time during the marketing campaign.
Legal Packs
To register for legal packs please visit the View Lots/Legal Packs section of our website www.allwalesauction.com.
Property Features :
- A Prominently Situated Investment Property
- Variety of Commercial & Residential Tenancies
- With 5 Self Contained 1 Bed Flats & Ground Floor retail unit
- Currently Generating £19,956 per annum.
- EPC: TBC