Property description
FOR SALE BY AUCTION - -Lot 9 - Investment Opportunity
ONLINE AUCTION from 9th APRIL-11th APRIL
A substantial freehold building comprising a ground floor retail unit and two flats and further area for a further studio flat (with planning). There is also a basement area ideal for storage or workshop etc. The property also benefits from a spacious carparking area with access from rear lane that may offer further development potential (subject to necessary planning consent).
The property is sold with two well established tenants in the flats and a hairdressing salon in the retail unit. The town of Tonypandy benefits from a wide section of shops, amenities and transport links.
VIRTUAL TOUR
Ground Floor: Hairdressers and potential studio apartment
First Floor: Flat 6a Hallway, kitchen, shower room, w/c, lounge/dining room, 2 bedrooms
Second Floor: Flat 6b Entrance, lounge, kitchen, bedroom, bathroom
Lower GF: Basement with 3 rooms (ideal for storage or workshop)
Outside: Rear carpark for several vehicles
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The residential rents are due to increase in July and with the studio and workshop let scope to achieve circa £16,000.
The property is managed by Paul Fosh Lettings and a member of the team would be happy to discuss the existing tenancies and queries about continuing the management in the future.
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