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"FOR SALE BY PUBLIC AUCTION The auction will take place online on 10th June 2025 at 04 48 PM with registration through our website.

Freehold building consisting of Eight X 2 bedroom flats conveniently located in Baglan just off A48 and M4 corridor with rents totaling £55,600 pa representing an Initial Gross Yield of circa 11%.

Description
The building contains eight, self contained two bedroom flats located in the sought after Baglan area. All apartments have tenancies with an annual income of c.£54,600 and a gross yield of 11%. Internal area is approximately 3,270sq2 and sits on an 0.12 acre plot.

The flats occupy two floors four on the ground floor and four on the first floor . Six of the apartments are accessed via a communal door and serviced communal area. Two apartments have it s own entrance at the rear. We understand that there is no management company involved as such as the owners look after the building themselves as a limited company and a local letting agent nearby in Port Talbot manage the tenancies.

Each apartment, with uPVC double glazing and all flats understood to be in reasonable condition internally, comprise of entrance hallway, living room, fitted kitchen, two bedrooms and bathroom. We understand all flats are individually metered for for Economy 7 dual rate electricity, have their own council tax and EPC and pay their own water & council tax.

For any further clarification on tenures, tenancy details or anything else please refer to the legal pack once available.


Accommodation
GF x4 Two Bedroom apartments entrance hallway, living room, fitted kitchen, two bedrooms and bathroom.
FF x4 Two Bedroom apartments entrance hallway, living room, fitted kitchen, two bedrooms and bathroom.

Informed Freehold please refer to legal pack for verification of tenure

Additional Fees
Buyer s Premium 1.2% with a minimum of 1,200.00 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 and Co

Viewing
Viewing by appointment with Seel and Co"