GLAMORGAN INVESTMENT OPPORUNITY

Ystrad, Pentre, Glamorgan

Ref: 51491

£150,000 Freehold

Key Features

  • Six flats in total
  • Two freehold flat
  • Four long leasehold flats
  • Currently producing £1,200 pcm
  • Potential to increase return
  • One vacant freehold flat
  • Location

    93 William Court is situated on the A4058 in the village of Ystrad in the Rhondda Fawr valley within the Rhondda Cynon Taff county borough of Wales. As of the 2021 census, the population stood at 5,075. The property is within walking distance of the Ystrad Rhondda train station on the Rhondda Line. Cardiff Docks train station is within 20 miles of Ystrad Rhondda Railway Station.

    Property

    93 William Court is a block of six flats, four of which are on long leases and two are freehold. (Tenancy schedule). The property is deceptively large and is a four-storey terraced building. It is constructed of stone with pebble dashed elevations under a pitched tile roof.

    Schedule of tenancies (table)
    Property description Date of Lease and term Annual Ground Rent Service Charge
    Flat 4
    (First floor) 06/08/2002 - 99 years £250 Apportioned equally
    Flat 3
    (First floor) 06/08/2002 - 99 years £250 Apportioned equally
    Flat 2
    (Ground floor) 17/09/2002 - 90 years £250 Apportioned equally
    Flat 1
    (Lower ground floor - manager's flat) Freehold - vacant possession Apportioned equally
    Flat 5 24/08/2006 - 99 years £250 Apportioned equally
    93 William Street
    (Ground floor) Assured Shorthold Tenancy £1,200 pcm Apportioned equally

    The Business

    Our client purchased the property some years ago as an investment. He is now looking to dispose of the freehold due to other business commitments.

    Tenure

    FREEHOLD £150,000 for the freehold.

    No direct approach to be made to the business; please direct all communications through Sidney Phillips.

    Viewing strictly by appointment only.

    Licence

    N/A

    Services

    All mains services are connected.
    Council Tax Band: A
    Local Authority: Rhondda Cynon Taf County Borough Council

    Enquire about this listing

    Jake Agate
    Wales