Flats 5, 8, 9 and 12 Trinity House, Tydraw Street, Port Talbot, SA13 1BR
- PROPERTY TYPE
Flat
- BEDROOMS
8
- BATHROOMS
4
- SIZE
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Description
Investment opportunity to acquire a portfolio of fully let well-proportioned 4 x 2 bedroom apartments in an established residential building in Port Talbot with informed rents totaling approx. £34,800 representing an initial gross yield of circa.15.8%.
Description
A rare opportunity to acquire a block of four well-proportioned two-bedroom apartments, forming part of an attractive and established residential building in Port Talbot with informed rents totaling £34,800 representing an initial gross yield of approximately 15.8% of the advertised Guide Price.
The flats are situated on the first and second floors (front-facing units) and we are informed are all currently tenanted, providing an immediate strong income stream. The building and apartments are maintained in good condition, offering investors a ready-made portfolio asset. The properties all benefit from uPVC double glazed windows throughout and the building includes a security door intercom system, fully serviced communal areas and allocated parking to rear.
PLEASE NOTE : The approximate gross figure stated is based solely on the current passing rents provided and at the advertised Guide Price. We are verbally informed that each flat has an approximate service charge of £430 pa (includes maintenance and insurance). We are informed that the property is Leasehold with each apartment held on a long lease of approximately 999 years. Please refer to the legal pack once available for clarification on tenancies, charges and leases and any further information.
The building is ideally located within Port talbot and within a short distance to the town centre and with close proximity to commuter links and the M4.
Accommodation
Flats are spread across the 1st & 2nd Floors and are all front facing.
Informed Leasehold please refer to legal pack for verification of tenure
Tenancies
Please refer to legal pack for further information on Tenancies
Additional Fees
Buyer’s Premium – 1.5% with a minimum of 2,000.00 (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 Auctions
Viewing
Viewing by appointment with Seel Auctions
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.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Flats 5, 8, 9 and 12 Trinity House, Tydraw Street, Port Talbot, SA13 1BR
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Visit our security centre to find out moreDisclaimer - Property reference 339440. 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.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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