>
Bath Street, Rhyl, Denbighshire, LL18... 1 bed flat for sale
40 Bath Street, Rhyl, Denbighshire, LL18
£32,500
40 Bath Street, Rhyl, Denbighshire, LL18
£32,500
Our Summary
- The property is currently let to a long-term tenant, generating a rental income of £420 per month, offering a potential yield of over 12% an excellent opportunity for investors looking for strong returns
- This is an ideal investment opportunity, providing immediate rental income with the potential for long-term growth
- EPC Rating: TBCCouncil Tax Band: AAuctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
- Cash Buyers Only
Description
This one-bedroom flat is being sold via online auction with a starting bid of £32,500. The property is located on the second floor of a Grade II listed building in Rhyl, within walking distance of the beach and local amenities. The flat features an open-plan kitchen and living area with views over St Thomas Church, a spacious double bedroom, and a bathroom. The property is currently let to a long-term tenant, generating a rental income of £420 per month, offering a potential yield of over 12%. The lease has 125 years remaining and the ground rent is £125 per annum, with service fees of £1,386.67 per annum. The property is available to view by appointment only and bids can be made via the marketing agent or the auctioneer's website. The property is being sold via a transparent online auction, and all bidders/buyers will be required to adhere to a verification of identity process in accordance with anti-money laundering regulations.