No longer on the market
This property is no longer on the market
Map11 bedroom block of apartments
Auction
Block of apartments
11 beds
Key information
Features and description
- Advised Freehold - to be verified by solicitor
- The property is fully let - Flat 1 - £350 Flat 2 - £260 Flat 3 - £321.91 Flat 4 - £260 Flat 5 - £350 Flat 6 - £260 Flat 7 - £450 Flat 8 ...
FOR SALE BY AUCTION - -Lot 68 - Residential Investment
ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER
Situated in the historic spa town of Llandrindod wells, an opportunity to purchase an investment property consisting of 8 self contained apartments located in a large Victorian property, situated in a terrace of 3 similar properties.
The property has undergone extensive refurbishment in the last few years, with all new wiring, central heating systems and decoration throughout. All apartments are currently let and based on the current for sale price, the property returns just over 9% income per annum.
Briefly the property comprises: Five one-bedroom flats and three two bedroom flats, all flats benefit from full central heating with individual electric boilers and radiators. All tenancies are by way off the new occupation contracts.
Llandrindod Wells has a mix of small independent shops, eateries and public houses, doctors, dentists, hospital with a small injury department, library, high school, two supermarkets, leisure centre, golf course, train, bus station and boating lake. The whole area around Llandrindod Wells is noted for its stunning scenery and the range of outdoor activities on offer.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The property is fully let -
Flat 1 - £350
Flat 2 - £260
Flat 3 - £321.91
Flat 4 - £260
Flat 5 - £350
Flat 6 - £260
Flat 7 - £450
Flat 8 £350
Total per month at present £2630 = £31,560 per annum - the rents go up 1st November to £3030pcm = £36,360 per annum
ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER
Situated in the historic spa town of Llandrindod wells, an opportunity to purchase an investment property consisting of 8 self contained apartments located in a large Victorian property, situated in a terrace of 3 similar properties.
The property has undergone extensive refurbishment in the last few years, with all new wiring, central heating systems and decoration throughout. All apartments are currently let and based on the current for sale price, the property returns just over 9% income per annum.
Briefly the property comprises: Five one-bedroom flats and three two bedroom flats, all flats benefit from full central heating with individual electric boilers and radiators. All tenancies are by way off the new occupation contracts.
Llandrindod Wells has a mix of small independent shops, eateries and public houses, doctors, dentists, hospital with a small injury department, library, high school, two supermarkets, leisure centre, golf course, train, bus station and boating lake. The whole area around Llandrindod Wells is noted for its stunning scenery and the range of outdoor activities on offer.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The property is fully let -
Flat 1 - £350
Flat 2 - £260
Flat 3 - £321.91
Flat 4 - £260
Flat 5 - £350
Flat 6 - £260
Flat 7 - £450
Flat 8 £350
Total per month at present £2630 = £31,560 per annum - the rents go up 1st November to £3030pcm = £36,360 per annum
About this agent
The company was established by Paul Fosh in 2001 following a long career in estate agency with companies situated across South Wales. Since 2001 the company has grown into the leading property auction house in Wales.