Auction Property

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Location: Brynllys, South Road, Aberystwyth, Ceredigion, SY23 1JF

Summary:
Detached Victorian townhouse with pleasant views overlooking the harbour

Guide Price: 175,000+

Full Description:
A four storey Victorian townhouse with double storey extension benefiting from panoramic views at the rear overlooking the marina and harbour in the ever popular seaside and university town of Aberystwyth. The property is laid out over four floors as four self-contained one bedroom flats with electric heating and we have been advised that two are currently let and the other two have recently been redecorated. The property is currently set up as an investment with potential for redevelopment to a single family dwelling. The property is located in close proximity to the harbour, the castle and St Michael’s Church and within easy reach of the town’s main shopping centre. This popular seaside town enjoys excellent social, educational and retail facilities and benefits from good transport links. Accommodation: (not inspected but advised to comprise of): LGF: Flat 1 – Hall, lounge, kitchen, bedroom, bathroom. GF: Flat 2 – Hall, lounge, kitchen, bedroom, shower room. FF: Flat 3 – Hall, lounge, kitchen, bedroom, shower room. SF: Flat 4 – Hall, lounge, kitchen, bedroom, shower room. OS: Small enclosed forecourt to front, enclosed rear garden. Tenancies: We understand that flat 1 is let on an assured shorthold tenancy and flat 4 is let on a periodic tenancy since 2000. Both properties are let at £400 pcm, realising a current annual income of £9,600. We are advised that flats 2 and 3 are currently vacant but have been recently redecorated and have previously been let at £400 pcm and £375 pcm respectively. The property offers a good investment opportunity, with scope for betterment. In our opinion, the property if fully let could realise a potential income in the region of £21,000 per annum. Tenure: Presumed Freehold - please refer to legal pack for verification of tenure. Viewing: Joint Auctioneers, Lloyd Herbert & Jones, Aberystwyth (01970)624328 Guide price: £175,000+ Additional Fees: Buyers Premium – 0.5% with minimum of £600 (inc of VAT) payable on exchange of contracts. Please check the legal pack for any further disbursements that may be payable 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.