>
3 bedroom terraced house for sale
85 Main Street, Barry, CF63 2HL
£125,000
85 Main Street, Barry, CF63 2HL
£125,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 3rd September 2024 at 05:03 PM with registration through our website
- 0% with scope for further income
- 0% with scope for further income streams with a current vacant basement
- 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
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
This mixed-use investment property in Barry is up for sale by public auction on September 3rd, 2024. The property generates £1445 in monthly rents, totaling £17,340 per year, representing an initial net yield of 7.0%. The property consists of a ground floor commercial unit let to a pet food store, and a first and second floor maisonette with three bedrooms. The maisonette has a sitting room, kitchen, and bathroom on the first floor, and three bedrooms on the second floor. The property has scope for further income streams, and the basement is currently vacant. The sale includes informed freehold, and the buyer will need to pay a buyer's premium of 1.2% with a minimum of £1,200 (inc VAT) payable on exchange of contracts.