Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £35,000. 

Elwy are pleased to market for sale a well positioned one bedroom, second-floor flat in Rhyl. Close to local amenities, transport links, and within walking distance of the beach.

The flat features a living room, kitchen, a spacious double bedroom and a bathroom.

The communal areas are fitted with emergency lights, fire doors and a fire alarm system plus an intercom entry system. 

The property is currently let to a long-term tenant, generating a rental income of £110 per week / £476.67 per month, offering a potential yield of over 13% — 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.

Tenure: Leasehold. NO CHAIN.

LEASE: 125 Years granted 1st March 2011

GROUND RENT: Payable on 1st June each year. £50 per year (up to 2036) then £100 per year (up to 2061) 

Service Charges: £600 Per Annum (Review Date 1st November 2025) 

Council Tax Band - A 

EPC Rating - TBC

Auctioneers Additional Comments

Pattinson 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 available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’, and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Entrance
uPVC communal door. Stairs to the second floor. Hardwood fire door opening into:

Hallway
Power points. Doors off to living room, bathroom and kitchen.

Living Room (3.89 x 5.10 m - 12′9″ x 16′9″ ft)
uPVC window to the rear of the property. Storage cupboard. Night storage heater. Power points. Door off to:

Bedroom (2.97 x 1.79 m - 9′9″ x 5′10″ ft)
uPVC window to the rear of the property. Power points. Emergency fire door into hallway.

Kitchen (4.16 x 1.97 m - 13′8″ x 6′6″ ft)
Fitted with a range of wall and base units with worksurface over. Stainless steel sink and drainer with mixer tap. Void and plumbing for washing machine. Void for fridge/freezer. Vinyl floor. Power points. Night storage heater. uPVC window to the front of the property.

Bathroom (3.18 x 1.38 m - 10′5″ x 4′6″ ft)
Three piece bathroom suite comprising bath, low level flush WC and pedestal sink. Electric Triton T80+ shower over bath. Airing cupboard. Vinyl floor. Obscured uPVC window. Electric wall fan heater.

Building Details
Elwy are responsible for the collection of the service fees for this building. The fee of �600 covers building insurance, cleaning fees, fire alarms, emergency lights, general maintenance and HMO licence fee. The fee is reviewed on the 1st November each year, and is payable monthly. The freeholder is absent and no ground rent is currently payable. This property is not suitable for a mortgage. Cash buyers only. Flat 4 is heated by way of electric heating, a gas meter has been installed to the rear of the building but this connection is not live. Gas heating can be installed.

Agent Notes
Services & Appliances: Unless stated, it is believed the property is connected to mains gas, electric, water and sewerage. We recommend you confirm this prior to any offer being considered. Please note that no appliances or fixtures are tested by the agent.


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