This property has been taken off the market.

2 Bed Terraced House For Sale Thompson Street, Barry, CF63

£150,000- Terraced

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 16th April 2024

Description

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 14th May 2024 at 04:00 PM with registration through our website.\r
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Three storey large multi use corner property comprising ground floor commercial unit with two bedroom first floor flat. Sold with vacant accommodation. Great investment opportunity. \r
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Description\r
Three storey large multi use corner property comprising ground floor commercial unit with two bedroom first floor flat. Please note that the third floor is not included. The property is conveniently located on Thompson Street leading to the busy Holton Road shopping thoroughfare. \r
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Appears to be brick and painted render construction under pitched tiled roof and in good condition throughout. Within close proximity to local shops, schools, cafs, pharmacy, leisure facilities and public transport providing links to Cardiff, Bridgend and Newport. Double glazed windows and doors ok. Spacious commercial unit and first floor flat. Gas central heating with combination boiler.\r
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Great investment opportunity\r
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Accommodation\r
GF - Large commercial unit with separate office space, kitchen, store rooms, toilet facilities. FF - Communal entrance Hallway, access to spacious two bedroom apartment (2 bedrooms, kitchen, reception room and bathroom)\r
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Informed Freehold please refer to legal pack for verification of tenureTenancies\r
Please refer to the legal pack for verification of any tenancies.\r
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Additional Fees\r
Buyer's Premium 1.2% 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.\r
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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.\r
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PLEASE NOTE\r
Previous Financials -\r
2020-21 - £12,600 PA\r
7.5% Net Yield (Potential to achieve higher 2024)\r
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Further Information\r
Auctioneers Office, Seel and Co \r
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Viewing\r
Viewing by appointment with Seel and Co
Agent Details
Seel & Co Ltd
Desg, 11-13 Penhill Road, Pontcanna, Cardiff, CF11 9PQ

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested