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 unit to the ground floor is 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 one double fronted commercial unit and four flats, two of which are two bedroom flats and two, one bedroom flats. The commercial units are being sold with vacant possession, whereas all flats are currently tenanted and have good rental history.
The tenants are currently paying a below market value, we would consider the market value of these flats to be £385-£395 for flats 1 & 2, £450 for flat 3 & 4.
We would suggest the market value for the commercial unit to be £385.
The commercial unit has gas (not tested) and electric, and the flats have electric but no gas.
Based on our guide price and the current rental income this property has a 7.38% yield, and a potential 10.71% yield when including the predicted rental values of the commercial units (listed below).
* PLEASE NOTE THAT THE VENDOR IS SELLING THIS PROPETY 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 THEREFORE IF LOT 25 SELLS THEN THIS LOT WILL BE WITHDRAWN EVEN IF BIDDING HAS COMMENCED, THE RESERVE HAS BEEN MET OR BIDDING HAS NOT YET CLOSED *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£300 pcm (Predicted)First FloorFlat 1 - 2 bedrooms£345 pcm (very long term tenant, but on currently in date AST)First FloorFlat 2 - 2 bedrooms£313 pcm (long term tenant)Second FloorFlat 3 - 2 bedrooms£450 pcmSecond FloorFlat 4 - 2 bedrooms£400 pcmMonthly Total£1,808 pcmAnnual Total£21,696 pa
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Commercial unit to the ground floor is to be sold with vacant possession.
All flats are tenanted and have AST agreements
Places of interest
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*DISCLAIMER
Property reference 158467. 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.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 20, 2021
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: obtained from Ofcom on January 11, 2022
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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