Residential Property Bridgend CF31 £225,000 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS
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Auction date: Tue, 06/07/2021 - 14:00
A substantial semi-detached house with double bay windows and pointed brick elevations beneath a pitched slate roof covering and benefiting from double glazed uPVC fenestration and gas central heating (not tested). The property is currently laid out as seven bedsits, with four on the ground floor and three on the first floor. We have been advised that six of the bedsits are currently let, with one vacant, but ready for occupation. Each bedsit inspected had its own separate shower, sink and w/c. We have been advised that the two bedsits not inspected are the same.We understand that the cost of gas is included within the current rental payment of £90 per week, per bedsit. Each bedsit has its own electricity meter, with electricity payments being paid individually by each tenant (please refer to the legal pack for any further information). We have been advised that the income currently generated is £28,080 per annum based on the six bedsits, with potential for that to increase to £32,760 with the additional letting of the vacant bedsit. In our opinion, there is scope for betterment to a figure in the region of £36,000 per annum.
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