*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction two shops and three flats, set only 200yds from the sea front in Rhyl, Wellington Rd is situated in a popular mixed shop/residential area.
This end terraced, double shop fronted, building consists of two shops and three flats over three floors. Side entry gives easy access to all flats.
Both shops are tenanted, as are two of the flats.
The remaining large flat requires some refurbishment, but demand is good within the area for rental property, and it is anticipated that once completed the flat will let without delay.
No current rent arrears and no known anti-social behaviour issues.
Please note we have not inspected this property.
Location
The subject property is located along Wellington Road, set only 200yrds from the sea front, Wellington Rd is situated in a popular mixed shop/residential area.
Accommodation
This end terraced, double shop fronted, building consists of two shops and three flats over three floors. Side entry gives easy access to all flats. The remaining large flat requires some refurbishment, but demand is good within the area for rental property, and it is anticipated that once completed the flat will let without delay.
Tenancy Information
Shop 1 Rent: £325 pcm
Shop 2 Rent: £430 pcm
Flat 1 Rent: £495 pcm
Flat 2 Rent: £390 pcm
Flat 3 Empty. Providing a good refurbishment, potential for £575 pcm.
Giving a potential gross monthly income of £2,215.00 pcm.
Tenure
Freehold. Title number CYM370731
EPC
EPC's are available for all the properties on the EPC register.
Rateable Value
The current rateable value is £4,450 as of 1 April 2023.
Sourced by voa
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent, ABC Property Shop, on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the ABC Property Shop or The Auctioneer. Bids can be made via The Auctioneers or ABC Property Shop's website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via ABC Property Shop and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both ABC Property Shop and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
- Two Shops and Three Flats
- Potential Gross Income of £2,215 pcm
- Popular Mixed Shop and Residential Area
- 200 Yards from Rhyl Sea Front
- For Sale via Secure Sale Online Bidding - Terms & Conditions Apply
- Viewings By Appointment Only
Posted 18/09/23, views 4
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