The building contains eight, self-contained two bedroom flats located in the sought after Baglan area. All apartments have tenancies with an annual income of c.£54,600 and a gross yield of 11%. Internal area is approximately 3,270sq2 and sits on an 0.12 acre plot.
The flats occupy two floors (four on the ground floor and four on the first floor). Six of the apartments are accessed via a communal door and serviced communal area. Two apartments have it's own entrance at the rear. We understand that there is no management company involved as such as the owners look after the building themselves as a limited company and a local letting agent nearby in Port Talbot manage the tenancies.
Each apartment, with uPVC double glazing and all flats understood to be in reasonable condition internally, comprise of entrance hallway, living room, fitted kitchen, two bedrooms and bathroom. We understand all flats are individually metered for for Economy 7 dual-rate electricity, have their own council tax and EPC and pay their own water & council tax.
For any further clarification on tenures, tenancy details or anything else please refer to the legal pack once available.
GF - x4 Two Bedroom apartments - entrance hallway, living room, fitted kitchen, two bedrooms and bathroom.
FF - x4 Two Bedroom apartments - entrance hallway, living room, fitted kitchen, two bedrooms and bathroom.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 10 June 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 9 June and conclude in order from Lot 1 at 4:00 pm on Tuesday, 10 June 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
