Bidding opens Monday 15th April 2024 at 13:00 and closes Tuesday 16th April 2024 at 13:00.
Semi Detached House - Residential Investment
An investment opportunity to acquire a generous sized two bedroom semi detached property which is currently let at £450 p/c/m, therefore producing a gross annual income of £5,400 per annum. Access to the house can be gained from the rear of the High Street next to Glynneath Social Club. The property benefits from double glazed (UPVC) fenestration and gas central heating (not tested) therefore providing an ideal turnkey investment.
The house is located within Glynneath, which benefits from a number of local shops, school and other amenities whilst also providing excellent access to the A465 Heads of the Valleys Road, M4 and the Brecon Beacons National Park.
Ground Floor Hallway, lounge, kitchen/breakfast room.
First Floor Landing, two double bedrooms, bathroom.
Outside Low maintenance frontage and enclosed courtyard and timber shed. (We understand that legal access has been put in place at the front of the property, for the social club to access a boiler house when needed for maintenance purposes-please refer to the legal pack for confirmation.)
Tenancies We are advised that the property is currently let at £450 per calendar month, therefore producing an annual income of £5,400 per annum.
Viewings Via our partner agents Clee, Tomkinson & Francis on 01639 646926
Tenure Advised Freehold (please refer to the legal pack for clarification)
Tenure: See Legal Pack
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
£600 inc VAT payable on exchange of contracts.
1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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