Residential Investment

A substantial 6 bedroom fully let and licenced HMO property located in the centre of this popular town. The accommodation has been completely refurbished to include Freeview TV points to each room along with Wifi and is entered from the rear ground floor level and then extends over four floors. We are advised that there is a sounder/strobe fire detection system installed and certified, upgraded electrics with E.I.C.R, Emergency lighting certs, gas safety certs, full fire risk assessments carried out and FD30 doors. We are informed that the property is freehold and currently let and producing a gross annual income of £29,820, the ground floor commercial element has been sold off on a long lease with a peppercorn ground rent payable. There is a video available on request. Please contact the office 0n 01633 212555 NB: Please note that we are advised by the client that there will be no LTT to pay by any purchaser as the property is classed as a mixed-use due to the commercial element on the ground floor contained within the freehold. We advise any prospective purchaser to make their own enquiries for confirmation of above and any associated costs.

Tenure

See Legal Pack

Ground Floor

Entrance Hall with store area for coats/boots etc and stairs to first floor. Split level 1st and 2nd Floor: Landing, utility room, boiler cupboard, Room 1 with kitchenette and en-suite, shared bathroom with 3 vanity sink units. Kitchen to regs accommodating 6 tenants with 2 ovens, 2 hobs etc. Room 2 and 3.

Second Floor

Landing, Room 4 with kitchenette, Room 5 with en-suite, Room 6 with kitchenette and en-suite.

Outside

There is a public car park located directly behind the property.

Tenancies

We understand that Room 1 is let on an AST at £430 p/c/m, Room 2 is let on an AST at £375 p/c/m, Room 3 is let on an AST at £390 p/c/m, Room 4 is let on an AST at £415 p/c/m, Room 5 is let on an AST at £450 per calendar month, Room 6 is let on an AST at £425 p/c/m. Therefore, the total gross annual rent for the property is currently £2,485 per calendar month which equates to £29, 820 per annum. With slight uplift with peppercorn ground rent being payable. Please refer to the legal pack for tenancies, lease details and applicable certs etc.

Viewing Schedule

Viewings: Auction House Wales 02920 475184

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Caerphilly County Borough Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 02920404022

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.