Windsor House, Denbigh Street, Llanrwst, LL26 0LL
£55,000+
Residential
2
Key Features
- Long Leasehold residential investment property comprising 2 x 1 bed flats currently let at a combined rent of £8,160 pax
- Long leasehold for a term of 999 years from 24th February 1989 with a combined ground rent payable of £275 pa
- Ideal high yeilding investment opportunity
Part of the
12 December 2019
auction
Nottingham Racecourse
at
2.30PM
Long Leasehold residential investment opportunity comprising 2 x one bedroom flats fully let in the heart of Llanrwst with a combined income of £8,160 pax
- Town centre location fronting the busy Denbigh Street
- Long Leasehold residential investment
- 999 year lease from 24th February 1989 (969 yrs remaining)
- Both flats let on 6 month AST's
- Flat 1: Let at £350 pcm on 6 month AST
- Flat 2: Let at £330 pcm on 6 month AST
- Combined rental income £8,160 pax
- Ground rent payable at £150 for Flat 1 pa
- Ground rent payable at £125 for Flat 2 pa
- Combined ground rent of £275 pa on an IRI basis
- High yielding investment opportunity
FINAL viewing date: Wednesday 4th December at 12.00pm
Fees
A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Long Leasehold on a 999 year lease from 24th February 1989 at a ground rent of £275 pa (IRI lease) subject to 6 month AST's for both flats with a combined rental income of £8,160 pax
D
Email: pbullen@paulbullen.co.uk
Telephone: 01302 819 000