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Thompson Street, Barry CF63 2 bed end of terrace house for sale
Thompson Street, Barry CF63
£138,000
Thompson Street, Barry CF63
£138,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 4th February 2025 at 04:42 PM with registration through our website
- Great investment opportunity
- Great investment opportunityAccommodationGF - Large commercial unit with separate office space, kitchen, store rooms, toilet facilities
- 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
- 5% Net Yield (Potential to achieve higher 2024)Further InformationAuctioneers Office, Seel and Co[use Contact Agent Button]ViewingViewing by appointment with Seel and Co[use Contact Agent Button]
Description
This three-storey property is being sold at public auction on February 4th, 2025, and offers a unique investment opportunity. The property is situated on Thompson Street, leading to the busy Holton Road shopping thoroughfare, and features a large commercial unit on the ground floor with a two-bedroom flat above. The property is in good condition, with double-glazed windows and doors, and gas central heating with a combination boiler. The commercial unit has separate office space, kitchen, store rooms, and toilet facilities, while the flat has a communal entrance, spacious living areas, and two bedrooms. The property is freehold, and the buyer will need to pay a buyer's premium of 1.2% (minimum £1,200) on exchange of contracts. The guide price is not disclosed, but the reserve price will be within 10% of the guide price. The property has a net yield of 7.5% (potential to achieve higher in 2024) and has been generating £12,600 per annum in rental income. Viewings are available by appointment with the auctioneers, Seel and Co.