Lot 10 - Prices House, High Street, Abercarn, Caerphilly County Borough, NP11 5GR
- Unconditional Online Auction Sale
- Guide Price* : £160,000+
- Bedrooms: 6
INVESTMENT OPPORTUNITY - BLOCK OF FOUR FLATS
Description
A fantastic opportunity to acquire a semi-detached block of four apartments located in the desirable village of Abercarn. This fully self-contained property comprises 2 x one-bedroom and 2 x two-bedroom apartments, offering a strong mix of accommodation types suited to a wide range of tenants.
With three of the units currently tenanted, this property generates a solid rental income, while the vacant 1-bedroom apartment provides immediate potential to increase returns. The property is situated in a popular residential area, benefiting from close proximity to local amenities, excellent transport links, and beautiful surrounding countryside. The well-regarded Cwmcarn Scenic Drive is accessible just a short distance away.
Further benefits include gas-central heating (not tested) and double glazed windows.
Whether you're a seasoned investor or looking to expand your portfolio, this property offers a ready-made income stream with potential for further enhancement. An ideal investment with immediate potential.
Tenancy Details
Flat 1 (2-bed) £495 PCM – 6 monthly contract - renewal date 5th December 2024 (EPC RATING D)
Flat 2 (2-bed) £525 PCM - 12 monthly contract – renewal date 18th July 2025 (EPC RATING E)
Flat 3 (1-bed) £525 PCM – Currently vacant (EPC RATING E)
Flat 4 (1-bed) £450 PCM – 6 monthly contract – has been served notice, due to vacate by 20th November 2024 (EPC RATING D)
Tenure
Tenure is advised Freehold - to be verified
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £995 inc. VAT
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. 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.
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