Auction House London

Lot 161

 

55 Glandwr Street

Abertillery, Gwent, NP13 1TZ

Sold after auction for an undisclosed amount

A Freehold Reversionary Ground Rent Investment Secured Upon a Mid Terrace Houses. The Unexpired Lease Term is 40 Years.

Description

The lot comprises a two bedroom mid terrace house sold off on a lease with 40 years unexpired.

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Abertillery Park are within easy reach. Transport links are provided by Ebbw Vale Parkway rail station.

Note

By way of information regarding the vacant possession value of houses on this road, both 54 and 76 Glandwr Street have sold in the last 12 months for £80,000 (source: land registry).

As of 4.7.22 No 57 Glandwr Street was listed for sale at £139,999 (correct at time of printing).

Column 1 Column 2 Column 3
Property Lease Ground Rent
55 Glandwr Street 99 years from 1st July 1963 (thus 40 years unexpired) £3

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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*Please refer to auctioneer for more information

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