6 bed block of flats for sale

Prices House, High Street, Abercarn, Caerphilly County Borough NP11

For sale by online, unconditional auction on 16/10/2024 18:45

Guide Price: £160,000+
Investment opportunity - block of four flats



A fantastic opportunity to acquire a semi-detached block of four apartments located in the desirable village of Abercarn. This fully self-contained property comprises 2 x one-bedroom and 2 x two-bedroom apartments, offering a strong mix of accommodation types suited to a wide range of tenants.

With three of the units currently tenanted, this property generates a solid rental income, while the vacant 1-bedroom apartment provides immediate potential to increase returns. The property is situated in a popular residential area, benefiting from close proximity to local amenities, excellent transport links, and beautiful surrounding countryside. The well-regarded Cwmcarn Scenic Drive is accessible just a short distance away.

Further benefits include gas-central heating (not tested) and double glazed windows.

Whether you're a seasoned investor or looking to expand your portfolio, this property offers a ready-made income stream with potential for further enhancement. An ideal investment with immediate potential.

Tenancy Details
Flat 1 (2-bed) £495 pcm 6 monthly contract - renewal date 5th December 2024 (EPC rating D)
Flat 2 (2-bed) £525 pcm - 12 monthly contract renewal date 18th July 2025 (EPC rating E)
Flat 3 (1-bed) £525 pcm Currently vacant (EPC rating E)
Flat 4 (1-bed) £450 pcm 6 monthly contract has been served notice, due to vacate by 20th November 2024 (EPC rating D)

Tenure
Tenure is advised Freehold - to be verified

Applicable Fees Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at 1.20 inc. VAT of the final sale price (subject to a minimum of 995.00 inc. VAT).