•Online Auction Date: 21st – 22nd November 2018
•Guide price: £50,000+
•Freehold end terrace property requiring renovation
•2 x 2 bedroom flats & 1 x 1 bedroom flat
•Opportunity to add value
The property comprises a substantial end of terrace brick built period building arranged over ground and first floors which has been converted into flats. To the rear of the property there is a single storey extension.
The building is configured to provide 2 x 2 bedroom flats and 1 x 1 bedroom flat. The building requires a full programme of refurbishment and modernisation.
The first flat is entered via the rear yard, comprising bathroom, living room, one bedroom and shared kitchen area with flat three. Flat two is also entered from the rear yard area and comprises kitchen, shower room with toilet and basin, two bedrooms and shop front area. The third flat includes living room, two bedrooms, shared kitchen and a bathroom.
The property is to be sold with vacant possession.
The property is located on the southern side of Bridge Street, adjacent to Troed-y-Rhiw Railway Station, and extending onto Elm Street at the southern perimeter. Bridge Street heads west over the River Taff, and merges into Ash Road and Glantaff Road.
Bridge Street is characterised by a mix of local independent shops, takeaways and restaurants with residential accommodation above, and some residential terraced housing. Nearby occupiers include Blondies Hairdresser, Ladbrokes, The Angel Inn Public House and Dragon Grill House.
Cardiff is located approximately 20 miles to the south east of Merthyr Tydfil, and can be accessed via direct half-hourly train services from the adjacent Troed-y-Rhiw railway station in under an hour or by road via the A470. The Brecon Beacons are immediately to the north of Merthyr Tydfil.
Bathroom - 3.10m x 1.35m
Living Room – 4.72m x 3.63m
Bedroom 1 – 4.72m x 4.65m
Total – 43.25m2
Kitchen – 3.80m x 3.08m
Shower Room – 3.17m x 1.50m
Bedroom 1 – 2.64m x 2.07m
Bedroom 2 – 2.49m x 2.63
Shop Front Area – 4.89m x 2.81m
Total – 42.19m2
Living Room – 4.01m x 3.02m
Bedroom 1 – 3.04m x 4.02m
Bathroom – 2.65m x 1.65m
Bedroom 2 – 3.68m x 3.50m
Total – 36.79m2
Shared Kitchen Area – 4.01m x 3.01m
Overall Total – 134.30m2
We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
2% (minimum £3,000) inc. VAT.
Once a programme of essential works have been completed it is envisaged that each two bedroom unit will command a monthly rent of approximately £375 pcm (£4,500 pa) and the one bedroom unit will rent for approx. £325 pcm (£3,900 pa). This would equate to a gross income of £12,900 pa representing a gross yield of 25.8% before the costs of any works have been taken into account.