FOR SALE BY PUBLIC AUCTION: The auction will take place online on 24th March 2026 at 04:27 PM with registration through our website.
Investment of two apartments in very good condition in the centre of Porthcawl with current rental income of £5,100 pcm (£61,200) inclusive of all bills, representing an initial gross yield of over 24%.
Description
Investment of two apartments in very good condition in the centre of Porthcawl with current rental income of £5,100 pcm (£61,200) inclusive of all bills, representing an initial gross yield of over 24% prior to expenses.
The properties are accessed via a communal door from John Street in the pedestrianised heart of Porthcawl. The accommodation to Flat A briefly comprises a generous entrance hall, living/kitchen/dining area, a spacious double bedroom and family bathroom. Flat B comprises an entrance hall, store, double bedroom, family bathroom and living/kitchen/dining area.
We are informed that the properties are used by the local authority for accommodation and the agreed rental at present is £85 per night per apartment inclusive of all bills. Please though consult the legal pack for further information and confirmation.
John Street is situated in the centre of Porthcawl and the apartments are in easy reach of all of the local amenities in the area.
Accommodation
GF - Communal entrance,
FF - Flat A - Hall, Kitchen/living/dining room, double bedroom, bathroom.
Flat B - Hall, Kitchen/living/dining room, double bedroom, bathroom, store.
Informed Leasehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. 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. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel Auctions
Viewing
Viewing by appointment with Seel Auctions