No longer on the market
This property is no longer on the market
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Apartment
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Advised Freehold - to be verified by solicitor
- Rents : (PCM) Flat 1 : £422.50 Flat 2 £425 Flat 3 £424.97 Flat 4 £424.97 Flat 5 £425 Flat 6 £425 Flat 7 £390 Flat 8 £425 £3362.44 per...
FOR SALE BY AUCTION - -Lot 20 - Block of Flats for Investment
ONLINE AUCTION from 15th APRIL-17th APRIL
A fully occupied former chapel arranged as 8 one bedroom flats with planning permission for a further two flats. The flats are perfect for those looking for a great investment opportunity.
The current landlords have enjoyed good occupancy levels over the years.
All flats are currently occupied and are achieving over £40,000 per annum in rental income. There is scope to increase this figure with the development of the two additional flats.
The majority of tenants are long term tenants and have expressed a strong desire to remain.
The ground floor offers four flats with a further four to the first floor.
To the side there is a communal garden area.
The property is located in the heart of Pontcymmer and offers mountain views. Pontycymer is convenient for access to Bridgend, McArthur Glen Retail Park, and the M4 motorway.
Ground Floor: Communal Entrance hallway, stairs to first floor, Flats 1 - 4. (All flats comprise, entrance hall, lounge kitchen, shower room and bedroom)
First Floor: Landing, Flats 5 - 8 (All flats comprise entrance hall, lounge kitchen, shower room, bedroom
Outside: Side communal garden, pedestrian access to around perimeter
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Rents : (PCM)
Flat 1 : £422.50
Flat 2 £425
Flat 3 £424.97
Flat 4 £424.97
Flat 5 £425
Flat 6 £425
Flat 7 £390
Flat 8 £425
£3362.44 per calendar month
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or [use Contact Agent Button] for invaluable advice.
ONLINE AUCTION from 15th APRIL-17th APRIL
A fully occupied former chapel arranged as 8 one bedroom flats with planning permission for a further two flats. The flats are perfect for those looking for a great investment opportunity.
The current landlords have enjoyed good occupancy levels over the years.
All flats are currently occupied and are achieving over £40,000 per annum in rental income. There is scope to increase this figure with the development of the two additional flats.
The majority of tenants are long term tenants and have expressed a strong desire to remain.
The ground floor offers four flats with a further four to the first floor.
To the side there is a communal garden area.
The property is located in the heart of Pontcymmer and offers mountain views. Pontycymer is convenient for access to Bridgend, McArthur Glen Retail Park, and the M4 motorway.
Ground Floor: Communal Entrance hallway, stairs to first floor, Flats 1 - 4. (All flats comprise, entrance hall, lounge kitchen, shower room and bedroom)
First Floor: Landing, Flats 5 - 8 (All flats comprise entrance hall, lounge kitchen, shower room, bedroom
Outside: Side communal garden, pedestrian access to around perimeter
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Rents : (PCM)
Flat 1 : £422.50
Flat 2 £425
Flat 3 £424.97
Flat 4 £424.97
Flat 5 £425
Flat 6 £425
Flat 7 £390
Flat 8 £425
£3362.44 per calendar month
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or [use Contact Agent Button] for invaluable advice.
Area statistics
Crime score
Low crime
1/10
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.