Property Details

Investment Property - School Street, Pontyclun



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Investment Property - School Street, Pontyclun

Rhondda (CF72)

This property is to buy with a guide price of ...

£650000

and is Currently Available

Bedrooms: 9


Description


INCOME PRODUCING FREEHOLD INVESTMENT PROPERTY
SCHOOL STREET PONTYCLUN

MAIN FEATURES
PRIME LOCATION RESIDENTIAL INVESTMENT PROPERTY
TO BE SOLD WITH THE BENEFIT OF THE EXISTING TENANCIES & RENTAL INCOME
SIX SELF CONTAINED FLATS WITH POTENTIAL TO INCREASE INCOME
FROM TWO ADDITIONAL PART BUILT FLATS
FREEHOLD ALL MAINS SERVICES

DESCRIPTION LOCATION & DIRECTIONS; Barbara Rees is pleased to offer for sale this residential investment property comprising six self contained flats with a further two (partly built) flats to increase rental income.

School Street is situated in a prime residential location in the sought after and popular village of Pontyclun where all amenities are immediately to hand.

The property is offered for sale with the benefit of any existing tenancies and rental income.

Staff at our Tonypandy office will be pleased to provide local directions upon request / alternatively see the map inlay below.

VIEWING; Strictly accompanied viewing only, by prior appointment via our Tonypandy office.

EXTERIOR FRONT; Forecourt and communal entrance, leading to the ground floor lobby.

GROUND FLOOR; Communal hallway with service meters, entrances to flats 2 & 2a. Stairs to the upper parts.

G.F. Right - Flat 2, internal hallway, lounge, kitchen, two bedrooms, bathroom, gas central heating. E.P.C. rating = Current D61, Potential C73. Council tax band B. Passing rent £ 500 p/c/m.

G.F. Left - Flat 2a, internal hallway, lounge kitchen, one bedroom, bathroom, gas central heating. E.P.C. rating = Current D64, Potential C75. Council tax band B. Passing rent £400 p/c/m.

FIRST FLOOR; Communal fire protected enclosed landing, access to flats 3 & 4, stairs to the upper floor.

F.F. Left - Flat 3 Internal hallway, lounge, two bedrooms, kitchen, bathroom, gas central heating. E.P.C. rating = Current D66, Potential C74. Council tax band B. Passing rent £ 450 p/c/m.

F.F. Right - Flat 4, Internal hallway, lounge, two bedrooms, kitchen, bathroom, gas central heating. E.P.C. rating = Current C69 Potential C75. Council tax band B. Passing rent £ 450 p/c/m.

SECOND FLOOR; Communal fire protected enclosed landing, access to flats 5 & 6.

S.F. Left - Flat 5, internal hallway, lounge / bedroom combined, kitchen, bathroom, electric panel heating. E.P.C. rating = Current E43, Potential B81. Council tax band B. Passing rent £350 p/c/m.

S.F. Right - Flat 6, Internal hallway, lounge, one bedroom, kitchen, bathroom, electric panel heating E.P.C. rating = Current E41 Potential A98 . Council tax band B. Passing rent £350 p/c/m.

EXTERIOR; Enclosed courtyard / car parking and a part built two storey extension, which, when finished, will contain two additional studio flats.

TENANCY DETAILS; At the time of instruction each flat was let and income producing via the terms of an assured short hold tenancy.

ASKING PRICE; £ 650,000.

GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisers prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. The seller advises that each flat is separately serviced / metered, having all mains services, an interlinked fire alarm system, double glazing. Four flats have gas central heating (not tested) and two are heated via electric panel heaters.

BUY TO LET MORTGAGE / BUSINESS LOAN; Available subject to status, please ask for an appointment with our independent financial adviser.



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