Lot 10 Auction

47 Gelligaled Road, Ystrad, Pentre, CF41 7RQ View map

Sold STC

Snapshot

FOR SALE BY PUBLIC AUCTION - Mixed use property - Investment/potential redevelopment opportunity.

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Description

    A mid terraced, mixed use property located along the main road through Pentre that has pointed stone elevations to the front upper floor and part spar dash rendered, with part uPVC cladding to the rear elevations, set beneath pitched tiled roof coverings and benefitting mainly from uPVC windows. We have been advised that the hair salon on the ground floor has signed a new tenancy agreement for 12 months at a rental of £300 pcm and the maisonette has signed a new tenancy agreement for 12 months at a rental of £450 pcm (Total income: £9,000 per annum), representing an initial gross yield of over 13% on the guide price.

    The self contained maisonette is accessed from the rear garden, with steps leading up to a porch/utility room and briefly comprises a living room and kitchen on the ground floor, with a landing, two bedrooms and a bathroom on the second floor. The maisonette benefits from gas central heating (not tested) via a relatively new Ideal combination boiler.

    The property is in generally good order throughout and provides an ideal investment opportunity with both the retail and residential accommodation let for the next 12 months. The property in the future could also be redeveloped into two separate flats or into one residential property, subject to obtaining all necessary consents.

    Pentre benefits from a mix of local amenities and service providers and is approximately one mile from the larger town of Treorchy with all its amenities and service providers, the winner of the High Street of the Year, 2019. Pentre also benefits from rail links with the nearby Ystrad Rhondda and Treorchy train stations. There are also good road links heading south to the principal town of Pontypridd and onto Cardiff city centre via the A470 trunk road.

Accommodation

    We have not inspected the retail unit, but understand that it comprises of a hairdressing salon and a cloakroom to the rear
    Maisonette: Steps up to ground floor from rear garden.
    GF: Entrance porch/utility room, kitchen, living room, stairs to first floor
    FF: Landing, two bedrooms, bathroom, with separate freestanding shower
    OS: Two storage areas beneath the living room, garden area laid to patio, rear gate leading to lane access

Tenure

    Presumed Freehold – please refer to legal pack for verification of tenure

Viewing

    Viewing by appointment with Seel and Co (029) 2037 0117

Additional Fees

    Buyers Premium – 1% with a minimum of £1,000 (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 (029) 2037 0117

Auction Details

    FOR SALE BY PUBLIC AUCTION on 5 July 2022 online via the Seel and Co website. Bidding will commence from midday on Monday, 4 July and conclude in order from Lot 1 at 4:00 pm on Tuesday, 5 July 2022

Need to know

Please refer to legal pack and auction catalogue prior to bidding.

Please be aware that you cannot bid without having a deposit.

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