Flat in Rhyl for sale via auction with starting bid of £32,500
According to the estate agent, the property is currently let to a long-term tenant and generates a rental income of £420 per month.
They describe this as offering a potential yield of over 12%, which may appeal to investors seeking immediate returns.
(Image: Elwy) The flat is located on the second floor and occupies the top level of a building that has recently undergone a scheme of "sympathetic renovation," the agent says.
Situated within walking distance of the beach and close to local amenities and transport links, the flat features an open-plan kitchen and living area.
The estate agent notes that the living space has two timber frame windows which look out over St Thomas Church.
(Image: Elwy) The kitchen is fitted with a range of wall, base and drawer units, a stainless steel sink and drainer with mixer tap, and has space and plumbing for a washing machine and a freestanding cooker.
A wall-mounted Worcester Greenstar 30CDi combi boiler is also present in the kitchen area.
The double bedroom has a timber frame window facing the rear of the property, a radiator, and power points.
The bathroom contains a three-piece suite with a panel bath, pedestal sink, and low-level flush WC.
(Image: Elwy) An electric shower is fitted over the bath, and the bathroom has part tiled walls and a tiled floor.
Communal areas in the building are fitted with emergency lighting, fire doors, and a fire alarm system, according to the agent.
Access to the flat is via an original communal wooden door and stairs to the second floor.
The agent states that the flat is leasehold, with a 125-year lease granted from 1st January 2007.
Ground rent is listed as £125 per annum, and service charges are £1,386.67 per annum, payable in two instalments.
(Image: Elwy) The property is being sold with no onward chain and is available for viewing strictly by appointment through the marketing agent or auctioneer.
The sale is being conducted via a secure online auction, with all bids subject to terms and conditions.
The estate agent notes that a legal pack is available for interested parties and advises that buyers seek the counsel of a solicitor before making any decisions.
Council tax for the property is in Band A, and the EPC rating is to be confirmed.
The agent has not tested any appliances or fixtures and recommends that prospective buyers confirm all details before making an offer.
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Finextra
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