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Block of Apartments for sale

Kingswood Close, Hengoed, Caerphilly, CF82

Sold STCM £125,000

Property Description

Full description

Tenure: Freehold

FOR SALE BY PUBLIC AUCTION Tuesday 6th December 2016 - 5pm at Park Inn Hotel, Circle Way East, Llanedeyrn, Cardiff, CF23 9XF.

A Freehold block of five flats three of which are vacant (2no. 2 bedroom flats and 1no. 1 bedroom flat) and two of which are sold off on long lease occupying the ground, first and second floors of a modern three storey building in a popular residential area predominated by quality detached housing close to major road links, Ystrad Fawr hospital and Ystrad Mynach town centre.

The building has facing brick and cement rendered elevations with timber framed double glazed fenestration installed beneath a pitched tile covered roof. Outside there is an undercroft parking area a further tarmacadam surface parking area and an undercroft storage area to the rear which is believed to be used in common with the other leaseholders.

Flats 1. 3 & 5 require some minor improvements prior to occupation but offer investment or onward sale potential. Flats 2 and 4 offer the opportunity for ground rent income and the potential for income from lease extensions in the future.

Accommodation:

GF: Communal entrance used in common with flats 1-5; Flat 1: Hall, lounge open plan to
kitchen, bedroom, bathroom, store room.

FF: Flat 2: Not inspected (sold off on long lease)

Flat 3: Hall, living room with balcony off, kitchen/breakfast room with door to external enclosed
decked area, two bedrooms, bathroom.

SF: Flat 4: Not inspected (sold off on long lease)

Flat 5: Hall, living room, kitchen/breakfast room, two bedrooms, bathroom.

OS: Undercroft parking area (not inspected and currently boarded for security purposes) and
further tarmacadam surface parking area. To the side is a path giving way to undercroft
storage area.

Tenure: Freehold

Viewing: Auctioneers Office, Seel & Co Ltd (029) 2037 0117

Guide Price: 125,000

Please refer to legal pack and auction catalogue prior to bidding.

Please be aware that we do not accept credit or debit card and you cannot bit without having a deposit.


Listing History

Added on Rightmove:
15 November 2016

Map & Street View

Disclaimer - Property reference DEC16-Lot31. 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 Seel & Co Ltd, Cardiff - Auctions. 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.

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*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.”

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 Seel & Co Ltd, Cardiff - Auctions on 029 2037 0100.


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