Glyndwr House, Swan Road, Baglan, SA12 8LA
- PROPERTY TYPE
Detached
- BEDROOMS
16
- BATHROOMS
8
- SIZE
3,270 sq ft
304 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Investment opportunity to acquire this freehold building with x8 2 bedroom flats conveniently located in Baglan just off A48 and M4 corridor with rents totaling £55,600 pa representing an Initial Gross Yield of circa 11%.
Description
The building contains eight, self-contained two bedroom flats located in the sought after Baglan area. All apartments have tenancies with an annual income of c.£54,600 and a gross yield of 11%. Internal area is approximately 3,270sq2 and sits on an 0.12 acre plot.
The flats occupy two floors (four on the ground floor and four on the first floor). Six of the apartments are accessed via a communal door and serviced communal area. Two apartments have it's own entrance at the rear. We understand that there is no management company involved as such as the owners look after the building themselves as a limited company and a local letting agent nearby in Port Talbot manage the tenancies.
Each apartment, with uPVC double glazing and all flats understood to be in reasonable condition internally, comprise of entrance hallway, living room, fitted kitchen, two bedrooms and bathroom. We understand all flats are individually metered for for Economy 7 dual-rate electricity, have their own council tax and EPC and pay their own water & council tax.
For any further clarification on tenures, tenancy details or anything else please refer to the legal pack once available.
Accommodation
GF - x4 Two Bedroom apartments - entrance hallway, living room, fitted kitchen, two bedrooms and bathroom.
FF - x4 Two Bedroom apartments - entrance hallway, living room, fitted kitchen, two bedrooms and bathroom.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
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, will 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.
Further Information
Auctioneers Office, Seel and Co
Viewing
Viewing by appointment with Seel and Co
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Glyndwr House, Swan Road, Baglan, SA12 8LA
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Visit our security centre to find out moreDisclaimer - Property reference 292719. 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.
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 2271 6399.
*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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