Bay-fronted residential investment split into 4 units in sought after location. Informed rental income of £29,700pa representing an Initial Gross Yield of circa 12%.
The building itself is of brick/stone construction under a pitched tile roof and appears to be in generally good order. The flats are in varying condition and some would benefit from some modernisation but are generally in good condition.
The property briefly comprises a shared entrance hall with original floor, with entrance doors to the two ground floor flats. The ground floor flat is arranged with a studio living bedroom, separate kitchen and bathroom with rear storage and access to the rear garden - informed rent of £625pcm. The ground floor rear flat has not been inspected at time of advertising but we understand comprises another studio apartment with shower room - informed rent of £600pcm.
Upstairs are two further apartments. The rear flat is a small refurbished studio with kitchenette and newly fitted shower room - informed rent £500pcm and the first floor front flat comprises a hallway, spacious living/bedroom, open-plan to kitchen and a bathroom.
We will be adding further pictures in the coming days and please refer to the legal pack, when available, for further confirmation of rental incomes and tenancy details.
Flat A - First floor front studio flat - informed rent £750pcm
Flat B - First floor rear small studio - informed rent £500pcm
Flat C - Ground floor front studio flat - informed rent £625pcm
Flat D - Ground floor rear studio flat - informed rent of £600pcm
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, 28 October 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 27 October and conclude in order from Lot 1 at 4:00 pm on Tuesday, 28 October 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.
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