Block of flats for sale in 16 Flats At The Queens Court, Victoria Road, Aberaeron SA12
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Advised Leasehold (council as ultimate freeholder)- to be verified by solicitor
- 14 flats are let Annual income £52,020 Annual income when fully let £55,420 The lha (local housing allowance) rates for each of the flats is £94.74 per week which would give...
Property description
For sale by online auction - Lot 28 - Residential Investment
Bidding opens: 14/05/2024 12:00
Auction scheduled to end: 16/05/2024 17:54
online auction from 14th may-16th may
An opportunity to acquire 16 flats situated in a block of 24 in the sought after seaside location of Aberavon. Included in the sale is the headlease of the whole building and carpark.
The flats are sold with 14 flats let and two vacant with many of the tenants well established. The flats (with off-street parking) are situated just a short distance from the promenade which boasts one of the largest beaches in Wales with great views.
The area has seen a good level of investment over the last few years and there are many new residential developments close by and this site may offer scope for improvement or re development in the future.
Virtual tour
Please note only 2 of the flats have been inspected internally by auctioneers however we are informed that the configuration of the 16 flats are all the same and comprise;- entrance, lounge/kitchen/bedroom and bathroom.
AccommodationFloorDescriptionRentFlat 1£300 pcmFlat 3£310 pcmFlat 4£325 pcmFlat 6£300 pcmFlat 7£300 pcmFlat 8£300 pcmFlat 10£300 pcmFlat 11£300 pcmFlat 12£325 pcmFlat 13£325 pcmFlat 14 (Vacant)VacantFlat 15£325 pcmFlat 18£300 pcmFlat 20 (Vacant)VacantFlat 22£300 pcmFlat 23£325 pcmAnnual income £52,020Annual income when fully let £55,420
Tenure:
Advised Leasehold (council as ultimate freeholder)- to be verified by solicitor
Tenancies:
14 flats are let
Annual income £52,020
Annual income when fully let £55,420
The lha (local housing allowance) rates for each of the flats is £94.74 per week which would give a gross rent of (£94.74 X 52 X 16) £ 78,823.
Property info
For more information about this property, please contact
Paul Fosh Auctions, NP20 on +44 1633 371140 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Paul Fosh Auctions, and do not constitute property particulars. Please contact Paul Fosh Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.