This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- Advised Freehold - to be verified by solicitor
- Commercial units to the ground floor are to be sold with vacant possession. All flats are tenanted and have AST agreements.
ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY
This property is located in a mixed use street, within town of Ebbw Vale.
The building is comprised of three commercial units and five flats, two of which are two bedroom flats and three, one bedroom flats. Two out of the three commercial units are currently tenanted as per the tenancy schedule below, all flats are currently tenanted and have good rental history.
The property has gas (not tested), electric and double glazing.
Based on our guide price and the current rental income this property has a 10.93% yield, and a potential 12.4% yield when including the predicted rental values of the commercial units (listed below).
* PLEASE NOTE THAT THE VENDOR IS SELLING THIS PROPERTY AS PART OF A PORTFOLIO . THEREFORE IF LOT 25 SELLS THEN THIS LOT WILL BE WITHDRAWN EVEN IF BIDDING HAS COMMENCED, THE RESERVE HAS BEEN MET OR BIDDING HAS NOT YET CLOSED *
Accommodation
The tenancy schedule is as follows:
FloorDescriptionRentGround FloorCommercial Unit 1£385 pcmGround FloorCommercial Unit 2£385 pcm (Tenancy to commence shortly)Ground FloorCommercial Unit 3£385 pcm (Predicted)First FloorFlat 1 - 2 bedrooms£400 pcmFirst FloorFlat 2 - 2 bedrooms£475 pcm (12 month AST)First FloorFlat 3 - 1 bedroom£425 pcmSecond FloorFlat 4 - 1 bedroom£375 pcm (long term tenant)Second FloorFlat 5 - 1 bedroom£450 pcmMonthly Total£3,280 pcmAnnual Total£39,360 pa
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Commercial units to the ground floor are to be sold with vacant possession.
All flats are tenanted and have AST agreements.
Places of interest
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Property reference 158466. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Paul Fosh Auctions - Newport.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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