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COMMERCIAL

Warren Road, Rhyl, Denbighshire, LL18 1DP

Guide Price
£120,000
Pattinson Estate Agents, Commercial
PROPERTY TYPE

Residential Development

SIZE

1,625 sq ft

151 sq m

Key features

  • Investment Opportunity
  • Pair of Flats
  • Drawing £9,620pa
  • Freehold Title

Description

FOR SALE BY AUCTION: terms and conditions apply.

We are pleased to offer for sale via online auction this excellent investment opportunity to purchase a two bedroom ground floor flat and a three bedroom duplex located in West Rhyl. The properties are to be sold with long term tenants in situ.

Flat 1 - Ground Floor with access to rear garden. Comprising of living room, kitchen/diner, bathroom and two bedrooms. With gas central heating. Long term tenant currently paying £80 per week.
Flat 2 - Duplex flat over two floors. Comprising of living room, kitchen/diner, bathroom, separate toilet, study area, three bedrooms. This tenant has use of the front garden. With gas central heating. Long term tenant paying £100 per week.

Both properties are installed with gas central heating boilers and radiators. Each flat has it's own meters, and credit for the electric meters is accessed via cards. All utilities are payable by the tenants, however the landlord is responsible for the communal electricity bill for the lights.

Flats are fitted with hard wired smoke alarms and battery back ups, with CO alarms and fire blankets in kitchens.

Currently this property is not registered with Denbighshire Council as a HMO. Advice should be sought from the local authority regarding HMO selective licencing scheme and Rent Smart Wales.

FREEHOLD. NO CHAIN.

Please note we have not inspected this site.

Location

The property is well positioned along Warren Road approximately 0.6 miles from the centre of Rhyl, Rhyl itself being located on the north-east coast of Wales at the mouth of the River Clwyd.

Lower Flat Accommodation

Living Room 3.55 x 5.02 Into Bay (11′8″ x 16′6″ Into Bay), Kitchen/Diner 4.15 x 3.11 (13′7″ x 10′2″ ), Bedroom 1 2.22 x 3.02 (7′3″ x 9′11″ ), Bedroom 2 2.78 x 2.30 (9′1″ x 7′7″ ), Bathroom 1.5 x 2.20 (4′11″ x 7′3″ ).

Upper Flat Accommodation

Living Room 4.22 x 4.92 (13′10″ x 16′2″ ), Kitchen/Diner 4.13 x 2.78 (13′7″ x 9′1″ ), Bathroom 1.47 x 1.97 (4′10″ x 6′6″ ), Bedroom 1 2.98 x 3.20 (9′9″ x 10′6″ ), W.C 1.87 x 1.66 (6′2″ x 5′5″ ), Bedroom 2 2.75 x 4.46 Max. (9′0″ x 14′8″ Max.), Bedroom 3 1.69 x 3.16 (5′7″ x 10′4″ ).

Tenure

Freehold. Title number, CYM378709

Council Tax

Band A

Tenancies

We are advised that the lower flat is generating £85 per week and the upper flat is generating £100 per week, both benefit from long standing tenants and are free from arrears. Further details can be found in the legal pack.

EPC

Lower flat - Rating D (available upon request)
Upper flat - Rating D (available upon request)

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Brochures

Brochure

Energy Performance Certificates

EPC

Warren Road, Rhyl, Denbighshire, LL18 1DP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Rhyl Station0.4 miles
  • Abergele & Pensarn Station3.8 miles
  • Prestatyn Station4.0 miles

About the agent

Pattinson Estate Agents, Commercial

Kingfisher Way, Silverlink Business Park, Wallsend, NE28 9NY

Pattinson Estate Agents, Commercial

Our agency team actively deal with all aspects of commercial property in both the private and public sectors and provide specialist advice in terms of all commercial property types including development and investment properties. Our principal activities include dealing with the acquisition or disposal of land and property, as well as providing appraisals. We also act as an agent during a sale or acquisition and can carry out contract negotiations between landlords and tenants.

The tea

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Industry affiliations

Royal Institute of Chartered Surveyors

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 406320. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 625 0997.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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