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Lot 3

Portfolio of 39 Ground Rent Investments each with Valuable Reversions

First time on the market for over 38 years

Situation

Located within various parts of the town of Mountain Ash which lies just off the A4059 approx. 5 miles south of Merthyr Tydfil and approx. 20 miles north-west of Cardiff.

Property

Comprising 39 houses each with a garden/yard.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: 6 Week Completion

Note 2: The Freehold of a house at 38 Woodland Street, which was subject to a lease with an unexpired term of approx. 32 years, was sold in January 2020 for £8,750 plus costs.

Note 3: The houses are located in 12 different streets in which other houses sold between July and December 2019 for between £34,000 and £104,000 (Source: rightmove.co.uk).

Click here for list of addresses of these sales.

Note 4: The following houses are currently on the market:
• 5 Dover St - 3 bed house at £87,500.
• 74 Duffryn St - 2 bed house at £64,950.
• 123 High St - 2 bed house at £69,995.

TENANCIES & ACCOMMODATION

Click here for list of addresses and full tenancy schedule.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

39 Houses in Mountain Ash, Mid Glamorgan, South Wales