* Leasehold
* Fully let investment opportunity
* Sold with no onward chain
* Attractive rental yield - Net £11%
* Modern method of auction
* Buyers fees apply - Subject to Reserve Price
* Sold by Traditional Auction (t's and c's apply)
* EPC - D - Council tax - D
Fantastic income producing opportunity - Currently fully let as 4 studios and
a one bedroom self contained apartment. Gross yield of over 14% (net circa
11%). Walking distance of Bridgend town centre. Close to local primary school
and transport networks. No onward chain.
Ideal investment property. Fully let.
**Auction terms
**
This property is for sale under Traditional Auction. Should you view, offer or
bid on the property, your information will be shared with the
Auctioneer, iamsold Limited
With this auction method an immediate exchange of contracts takes place with
completion of the purchase required to take place within 28 days from the date
of exchange of contracts. On exchange of contracts the buyer is required to
make payment of a 10% deposit, sign a reservation agreement and make payment
of a non - refundable Reservation Fee of 4. 2% of the purchase price including
VAT, subject to a minimum of £6, 000. 00 including VAT. The Reservation Fee is
paid in addition to purchase price and will be considered as part of the
chargeable consideration for the property in the calculation for stamp duty
liability. Buyers will be required to go through an identification
verification process with iamsold and provide proof of how the purchase would
be funded.
This property has a Buyer Information Pack which is a collection of documents
in relation to the property. The documents may not tell you everything you
need to know about the property, so you are required to complete your own due
diligence before bidding. A sample copy of the Reservation
Agreement and terms and conditions are also contained within this pack. The
buyer will also make payment of £300 including VAT towards the preparation
cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve
Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties
to you. Whilst these services are recommended as it is believed they will be
of benefit; you are under no obligation to use any of these services and you
should always consider your options before services are accepted. Where
services are accepted the Auctioneer or Partner Agent may receive payment for
the recommendation and you will be informed of any referral arrangement and
payment prior to any services being taken by you.
**Rear Entrance**
Entrance to the ground floor self contained apartment via part frosted glazed
PVCu door from the rear garden into the kitchen/breakfast room.
**Kitchen - Breakfast Room (3. 30m x 2. 60m (10' 10" x 8' 6"))**
Overlooking the front via PVCu double glazed window and finished with
emulsioned ceiling with central spot lights, access to loft storage,
emulsioned walls, skirting and laminate flooring. A range of low level and
wall mounted kitchen units with a complementary roll top work surface and
ceramic tiles to the splash back. Inset sink with mixer tap and drainer,
integrated electric oven with four gas ring hob and overhead extractor hood.
Washing machine (to remain) wall mounted gas fired combination boiler, fitted
breakfast bar and space for fridge/freezer. Doorway through into the shower
room and a step up into the lounge.
**Shower Room**
Frosted glazed PVCu window to the rear, ceiling mounted extractor, papered
walls, radiator and vinyl flooring. Three piece suite comprising low level
w. c. Wall mounted wash hand basin and separate shower cubicle with wall
mounted electric shower, ceramic tiles to all splash backs and shower curtain.
**Lounge (3. 40m x 4. 20m (11' 2" x 13' 9"))**
PVCu double glazed window overlooking the side, emulsioned ceiling with
recessed LED spot lights, emulsioned walls, skirting and fitted carpet. Step
up to the bedroom.
**Bedroom (3. 70m x 4. 00m (12' 2" x 13' 1"))**
PVCu double glazed window to the side, emulsioned ceiling, papered and
emulsioned walls, skirting and fitted carpet. Two fitted storage cupboards
into the chimney breast alcoves.
**Outside**
Enclosed rear garden laid to lawn with patio area and side gated access back
to the front of the property.
**Entrance**
Main entrance to studio apartments is via hardwood door into the entrance
hallway. Stairs to the first floor with under stairs storage cupboard and door
into flat 1.
**Flat 1 (4. 0m x 3. 60m (13' 1" x 11' 10"))**
PVCu double glazed bay window to the front. Papered walls and fitted carpet.
**En - Suite Shower Room**
Three piece suite featuring wc, wash hand basin and shower cubicle.
**Landing**
Via stairs with fitted carpet and wooden balustrade.
**Flat 2 (4. 0m x 3. 60m (13' 1" x 11' 10"))**
Overlooking the front of the property via PVCu double glazed window and
finished with papered and emulsioned walls, skirting and fitted carpet. Inset
sink with mixer tap and drainer with storage below. Wall mounted and low level
kitchen units with space for low level fridge. Separate bathroom opposite on
the same floor.
**Second Floor**
Stairs with fitted carpet to the second floor. Doors to flats 3 and 4.
**Flat 3 (4. 0m x 4. 50m (13' 1" x 14' 9"))**
PVCu double glazed window overlooking the front of the property, papered and
emulsioned walls, skirting and fitted carpet. Built in one and half basin sink
with mixer tap, drainer and storage below. Low level and wall mounted kitchen
units with space for under counter fridge. Feature fireplace. Separate
bathroom on the first floor.
**Flat 4 (3. 90m x 3. 70m (12' 10" x 12' 2"))**
PVCu double glazed window to the rear, papered and emulsioned walls, skirting
and fitted carpet. Low level and wall mounted kitchen units with inset sink,
mixer tap and drainer. Feature fireplace. Doorway through to the en suite.
**En Suite**
Three piece suite comprising shower cubicle w. c. And wall mounted wash hand
basin.
**Note**
We have been advised by the vendor that the property is leasehold, however
title deeds have not been inspected.
Lease Term: 999 yrs from 2nd August 1895
Lease start Date: 23rd October 1895
Lease End Date: 2nd August 2894.
Years remaining: 871.
**Auctioneers Comments**
This property is for sale by the Modern method of Auction. Should you view,
offer or bid on the property, your information will be shared with the
Auctioneer iamsold Limited.
This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers
solicitor (for standard Grade 1 property). This additional time allows buyers
to proceed with mortgage finance (subject to lending criteria, affordability
and survey).
The buyer is required to sign a reservation agreement and make payment of a
non - refundable Reservation Fee. This being 4. 2% of the purchase price
including VAT, subject to a minimum of £6, 000 including VAT. The reservation
Fee is paid in addition to purchase price and will be considered as part of
the chargeable consideration for the property in the calculation for Land
Transaction Tax liability. Buyers will be required to go through an
identification process with iamsold and provide proof of how the purchase
would be funded.
This property has a Buyer Information Pack which is a collection of documents
in relation to the property. The documents may not tell you everything you
need to know about the property, so you are required to complete your own due
diligence before bidding.
The property is subject to an undisclosed Reserve Price with both the Reserve
Price and Starting Bid being subject to change.
Referral Arrangements - The partner Agent and Auctioneer may recommend the
services of third parties to you. Whilst these services are recommended as it
is believed they will be of benefit; you are under no obligation to use any of
these services and you should always consider your options before services are
accepted. Where services are accepted the Auctioneer or partner Agent may
receive payment for the recommendation and you will be informed of any
referral arrangement and payment prior to any services being taken by you.

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