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Overview
This block of 3 flats located in the town centre of Pontypool comprises of three one-bedroom flats. The property is conveniently located close to lots of amenities in the town centre of Pontypool. Flats 2 and 3 are both being sold with tenants in situ. Both flats comprise of a double bedroom, an open plan reception room with a kitchen, and a bathroom. Flat 1 (ground floor) requires renovation but has plenty of potential, comprising of an open plan reception/kitchen, a bedroom and a bathroom.
With two flats occupied the property is currently generating £9,000pa. These rents have not been reviewed in some years and have potential for increasing to market rent levels. The ground floor flat requires renovation and once complete will attract market rent approximately £6,000pa.
Overall a great investment and development opportunity.
Council tax band: A

- Investment opportunity
- Town centre location
- Sold as seen
- £9000 pa income
- Development potential
- Cheap to aquire
- Conditional auction terms
- Going concern