Bidding opens Monday 17th November 2025 at 13.00 and closes Tuesday 18th November at 13.00.
Description
Investment Opportunity - Two Apartments.
Detached property held on one freehold which has been converted into two flats located in the village of Garnant close to all the local amenities. The town of Ammanford is a short drive and the M4 is approximately 7 miles away. The ground floor flat is in need of refurbishment and has the potential for two bedroom accommodation. The first flat has been renovated and benefits from one bedroom. The first floor flat is tenanted. Please refer to the legal pack for all the tenancy information.
Ground Floor Entrance hall, living room / dining area, two bedrooms and two further rooms with potential for the kitchen and bathroom.
First Floor Entrance hall, landing, kitchen, shower room, living room and one bedroom.
Tenancies The first-floor apartment is currently let at £380 p/c/m, therefore producing an annual income of £4560, in our opinion, the property is currently underlet, and could be increased periodically, subject to rent increase allowances.
The ground floor is currently vacant and requires complete refurbishment, however, once the work is complete, this could fetch an income of circa £600 p/c/m. Therefore, with the ground floor refurbished and with the current rent on the first floor being still obtained, the combined gross income could produce a minimum of £11,850 per annum.
Viewings Via our partner agent Clee Tomkinson Francis in Ammanford. Please call 01269 591884 to book an appointment.
Tenure: See Legal Pack
EPC Rating: GFF - G & FFF - D
Important Notice to Prospective Buyers
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.
Buyers Premium
£600 inc VAT payable on exchange of contracts.
Administration Charge
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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- Unconditional (Immediate Exchange)
Call the team on 02920 475 184 for more information
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