Semi Detached House - Residential Investment

An investment opportunity to acquire a generous sized two bedroom semi detached property which is currently let at £450 p/c/m, therefore producing a gross annual income of £5,400 per annum. Access to the house can be gained from the rear of the High Street next to Glynneath Social Club. The property benefits from double glazed (UPVC) fenestration and gas central heating (not tested) therefore providing an ideal turnkey investment. The house is located within Glynneath, which benefits from a number of local shops, school and other amenities whilst also providing excellent access to the A465 Heads of the Valleys Road, M4 and the Brecon Beacons National Park.

Tenure

See Legal Pack

Ground Floor

Hallway, lounge, kitchen/breakfast room.

First Floor

Landing, two double bedrooms, bathroom.

Outside

Low maintenance frontage and enclosed courtyard and timber shed. (We understand that legal access has been put in place at the front of the property, for the social club to access a boiler house when needed for maintenance purposes-please refer to the legal pack for confirmation.)

Tenancies

We are advised that the property is currently let at £450 per calendar month, therefore producing an annual income of £5,400 per annum.

Viewings

Via our partner agents Clee, Tomkinson & Francis on 01639 646926

Tenure

Advised Freehold (please refer to the legal pack for clarification)

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Neath Port Talbot County Borough Council

Solicitors

T Llewellyn Jones, 2 Church Place, Ref: T Llewellyn Jones, Tel: 01639 643635

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.