6 bed terraced house for sale

St. Mary Street, Cardigan, Ceredigion SA43

An excellent opportunity to acquire a freehold investment which comprise of 3 two bedroom flats situated within a convinient position in Cardigan town centre.

The entire building is currently tenanted however has a potential yield of 10.6% yield with each unit having the potential rental income of between £600-£700 per calender month.

Viewing is highly advised as this is an excellent opportunity not to be missed! Please contact the Cardigan office to arrange a viewing.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you..........

The property is situated in the heart of Cardigan town, close to all of the towns amenities, facilities and shopping high street with a mixture of local independent and national retailers, places to eat and drink, schooling and health centres.

Flat One

Kitchen/Dining Room

Ground Floor Flat

Comprising a good size kitchen/dining room, a large living room, a bathroom and two bedrooms.

First Floor Flat

Comprising an open plan kitchen/living room, a shower room and two double bedrooms.

Second Floor Flat

Comprising an open plan kitchen/living room, a shower room and two double bedrooms.

Externally

To the rear of the property is a low maintenance shared garden area which can be accessed to the rear of the property.

Services

We are advised that mains electricity, water, drainage and gas are connected to the property.